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5/17, 4:08 PM (Source: TeleTrader)
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Pinterest stock continues falling after earnings report

Shares of social media company Pinterest Inc. continued to plummet on Friday in spite of its relatively strong first earnings report that was released on Thursday.

The company's stock was down 10.80 at 10:09 am ET after the opening bell. It previously released its first earnings report on Thursday, in which it reported a 54% rise in annual revenue to $202 million in the first quarter of 2019. It also said its net loss declined from $52.7 million in the first quarter of last year to $41.4 million in the same quarter this year. The number of its monthly active users also rose 22% globally to 291 million.

Pinterest debuted on the New York Stock Exchange on April 18.

Breaking the News / DZ