Pinterest falls 2% as confirmed earnings schedule dampens PayPal deal hopes
$Pinterest(PINS.US$ has dipped 1.5% after hours on Friday following a postmarket release confirming it will release its third-quarter financial results on Nov. 4, after the market closes.
That's dampening some hopes that a deal was imminent for $PayPal(PYPL.US$ to take over Pinterest. Wednesday reports suggested PayPal was interested in a mostly-stock deal that would value the entire company at $45 billion.
Meanwhile, PayPal stock fell 4.9% Wednesday, dropped another 5.9% Thursday and ended today 1.2% lower - moves that could be derailing a deal made mostly of stock.
Pinterest plans a 6 p.m. conference call to discuss its earnings on Nov. 4. Meanwhile, PayPal has reportedly hoped to negotiate and seal the deal before its own quarterly earnings, set for Nov. 8.
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