Pinterest Shares Plunge After Warning of Slower Revenue Growth. Should Investors Buy the Stock on the Dip?
Share prices of Pinterest (NYSE: PINS) have been hammered since the company warned of slower revenue growth when it reported its second-quarter earnings results last month. The plunge wiped out all the gains in the stock for the year, and it is now down more than 20% year to date.
Let's take a closer look at Pinterest's most recent results and guidance and decide whether now is a good time to buy the dip.
After seeing continued revenue growth over the past year, Pinterest's top-line growth leveled off from 23% year-over-year growth in the first quarter to 21% growth in its most recent quarter to $854 million.
Source Fool.com
