From Nasdaq: 2024-11-11 16:20:00

Pinterest stock fell over -15% after exceeding Q3 expectations but giving weaker revenue guidance. Q3 EPS of $0.40 beat estimates, with sales of $898.37 million increasing 17%. Q4 revenue guidance of $1.12-$1.45 billion fell short of estimates. Increased spending on AI tools impacted guidance, but the balance sheet remains strong. Pinterest stock is down -17% this year, but trading at a more reasonable valuation. Pinterest’s push into AI could lead to long-term growth opportunities.

In other news, clean energy stocks are gaining momentum as technology advances. Trillions of dollars are being invested in clean energy initiatives, with solar power and hydrogen fuel cells leading the way. Emerging leaders in the clean energy space could present exciting opportunities for investors. Download “Nuclear to Solar: 5 Stocks Powering the Future” to explore top picks in the clean energy sector for free.

Overall, Pinterest stock faces challenges with weaker revenue guidance, but its strong balance sheet and push into AI offer potential for long-term growth. In contrast, clean energy stocks are on the rise as trillions of dollars are poured into clean energy initiatives. Investors have the opportunity to explore emerging leaders in the clean energy sector for potential growth opportunities.



Read more at Nasdaq: Should Investors Buy the Post-Earnings Dip in Pinterest (PINS) Stock?