Is Pinterest Stock a Buy Now?
Pinterest's (NYSE: PINS) stock plunged 16% on April 28 after the social media company posted its first-quarter earnings report. Its adjusted earnings dipped 20% to $0.08 per share, but still cleared the consensus forecast by $0.06. It says it expects revenue to rise "roughly in-line" with its growth from the previous two quarters -- which implies its revenue will only grow by the mid single digits year over year -- but that its adjusted operating expenses would still increase by the "low teens" on a sequential basis.