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Fashion Jobs
BESTEAM PERSONNEL CONSULTANCY LTD.
Sales Supervisor / Assistant Sales Supervisor (Fmcg)
Permanent · TIJUANA
BESTEAM PERSONNEL CONSULTANCY LTD.
Retail Operations Manager (Station in Kuala Lumpur, Malaysia)
Permanent · TIJUANA
BESTEAM PERSONNEL CONSULTANCY LTD.
Assistant Visual Merchandising Manager
Permanent · TIJUANA
BESTEAM PERSONNEL CONSULTANCY LTD.
Senior Sales Manager (Printing/Paper Packaging)
Permanent · TIJUANA
SHISEIDO
Senior Manager - Financial Planning & Analysis, Finance And Accounts
Permanent · Hong Kong
SHISEIDO
Contract Manager - Financial Planning & Analysis, Finance And Accounts
Permanent · Hong Kong
BESTEAM PERSONNEL CONSULTANCY LTD.
Merchandising Manager - Apparel And Sports Goods (Station in Shanghai, Prc)
Permanent · TIJUANA
BESTEAM PERSONNEL CONSULTANCY LTD.
Senior Garment Technician - Lingerie
Permanent · TIJUANA
BESTEAM PERSONNEL CONSULTANCY LTD.
Fabric Sales Manager/ Sales Executive
Permanent · TIJUANA
BESTEAM PERSONNEL CONSULTANCY LTD.
Factory Manager (Stationed in Bangladesh)
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
General Manager (Stationed in Bangladesh)
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Logistics & Warehouse Manager
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
National Business Trainee (3d Artistist / Designer) - 2-Year Programme
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Quality Manager
Permanent · TIJUANA
BESTEAM PERSONNEL CONSULTANCY LTD.
Divisional Sales Manager
Permanent · TIJUANA
SHISEIDO
Senior Manager - Omnichannel Strategy & Innovation, Digital Shared Services
Permanent · Hong Kong
SHISEIDO
Officer - HR Operations, Human Resources
Permanent · Hong Kong
NIKE
HR Manager/Assistant Manager - Hrbp (1-Year Contract)
Permanent · Hong Kong
BESTEAM PERSONNEL CONSULTANCY LTD.
Sales Executive
Permanent · CLEARWATER
TRIUMPH
Brand Merchandising Manager
Permanent · KOWLOON BAY
BESTEAM PERSONNEL CONSULTANCY LTD.
Marketing Executive / Marketing Supervisor / Assistant Marketing Manager
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Global Product Compliance Specialist
Permanent · CLEARWATER
By
Reuters API
Published
Jul 30, 2021
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Pinterest shares slump as growth warning rattles investors

By
Reuters API
Published
Jul 30, 2021

Shares of Pinterest Inc fell about 20% before the opening bell on Friday and were set to start trading at more than a three-month low, after the company warned of slowing user growth in the United States, its largest market.




At least eight brokerages cut their price target on the stock, which fell to $57.60 in pre-market trading. If the losses hold, about $9 billion would be swiped off its market capitalization which currently stands at about $36.8 billion.

J.P.Morgan made the most aggressive cut and slashed its target by $27 to $68, pushing it well below the current median price target of $77, citing lower-than-expected user additions in the latest reported quarter and disappointing third-quarter outlook.

The brokerage also cut its rating on the stock to "neutral" from "overweight".

Overall monthly active users (MAUs), a widely watched metric, rose by only 9% and missed analysts' expectations in the second quarter. It had risen 30% in the prior quarter.

The company also said that user growth in the United States was decelerating as people who used the platform for crafts and DIY projects during the height of the pandemic step out more as curbs ease.

"This performance suggests lockdown benefits were more transitory than anticipated, while an apparent growing pivot towards the 'creator economy' does raise concern regarding structural engagement trends," James Cordwell, analyst at Atlantic Equities said in a post-earnings note.

Of 30 analysts covering Pinterest, 19 rate the stock "buy" or higher, 10 "hold" and one recommends "sell".

Pinterest shares, which were the biggest losers among NYSE-listed stocks pre-market, have fallen about 9% so far this year compared with a 18% rise in the broader S&P 500 index.

© Thomson Reuters 2021 All rights reserved.

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