Online scrapbooking company Pinterest reported better-than-expected quarterly results after the market close Thursday, but shares tanked 15% after the company issued weak guidance. Pinterest now expects revenue of $1.06 billion to $1.08 billion, down from the previously anticipated $1.09 billion.
As many of the other recent IPOs have struggled since debuting on the public market, Pinterest was holding up relatively well against its peers. However, the weak guidance threw cold water on the upbeat expectations for strong growth.
Meanwhile, chipmaker Nvidia reported a beat on both the top and bottom lines and gave strong guidance. The stock soared 7% on the results after the bell Thursday. Semis have been caught in the crosshairs of the intensifying trade war between the U.S. and China. Nvidia had a rough 2018, but shares have risen about 20% so far in 2019.
Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung.
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