Pinterest falls short of the quarterly estimates of the income

FILE PHOTO: A guest holding a phone while it’s on Pinterest, Inc. The IPO on the floor of the New York Stock Exchange (NYSE) in New York, New York, USA, on April 18, 2019 at the latest. REUTERS/Brendan McDermid

(Reuters) – Pinterest Inc, (US.(N), on Thursday fell short of Wall Street estimates for third-quarter revenue, sending its shares to a decline of 20 percent in the extended trade.

The total turnover rose to about 47 per cent to $279.7 million, but was lower than the analysts ‘ average estimate of $280.6 million, according to IBES data, Refinitiv.

Reporting Akanksha Rana, Bengaluru; Editing by shailesh Kuber

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