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Pinterest's quarterly net loss not as bad as expected

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Pinterest reported an adjusted quarterly net loss of $26 million, which was not as bad as the $39 million loss expected by analysts.

Revenue was $261 million, above the $236 million target by analysts.

For the year, the company raised its revenue guidance to a range of $1.095 billion to $1.115 billion.

Read more from CNBC.

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