Digital scrapbooking company Pinterest (PINS) beat Wall Street’s sales expectations in its first quarterly report since going public, but a weaker-than-expected full-year outlook sent shares sharply lower during extended trading.The company reported first-quarter sales of $201.9 million, topping estimates calling for $200.8 million. Excluding certain items, Pinterest’s loss came out…
Pinterest valued at $12.7 billion in IPO, sign of tech demand after Lyft struggles
Pinterest Inc’s initial public offering set the online scrapbook company’s valuation at $12.7 billion on Wednesday, above its expectations and a sign of strength for the tech IPO market after Lyft Inc’s struggles. Pinterest, where users save ideas for clothes, décor and recipes, is due to start trading on the…