(Finance) – Pressure on Pinterestwhich loses ground, showing a decline of 11.78%.
The San Francisco company closed the fourth quarter with profits rising to 201.2 million, (29 cents) from 17.5 million dollars (equal to 3 cents per share). On an adjusted basis, EPS stood at 53 cents, versus the consensus of 52 cents.
THE revenues they rose by 12% to 981.3 million, below the 991 million estimated by analysts.
As for the guidance for the first quarter For fiscal 2024, Pinterest expects revenues of between $690 and $705 million, compared to $702 million for the market.
The one-week trend Pinterest is more sluggish compared to the trend of theS&P-500. This decline could trigger opportunities for the market to sell the stock.
The short trend of Pinterest it is strengthening with a resistance area seen at 37.32 USD, while the most immediate support can be seen at 34.78. A continuation of the upward trend towards 39.87 is expected.