Interesting monday…
Pinterest shares tanked 16% in extended trading after the social media service reported monthly active user figures below Wall Street's expectations for its second-quarter earnings. The company also said it expects that third-quarter revenues will grow in the "low-40% range" year over year, below where some analysts had forecast.
Amazon — Amazon shares fell more than 6% in after-hours trading after the company reported its first revenue miss in three years and gave weak third-quarter guidance. For the three months ending Sept. 30, Amazon said it expects to book sales between $106 billion and $112 billion, well below consensus estimates of $119.2 billion.
VG1 Price at posting:
$2.31 Sentiment: Buy Disclosure: Held
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