Pinterest falls after Q4 revenue forecast disappoints; brokerages cut PT
** Shares of image-sharing platform Pinterest PINS.N fall 12.2% to $29.80 premarket, after Q4 revenue forecast fails to impress investors
** PINS sees Q4 revenue between $1.13 bln and $1.15 bln, midpoint of which is in line with est. of $1.14 bln - data compiled by LSEG
** Co says Q4 revenue forecast takes into account softness among food and beverage advertisers who are navigating broader headwinds
** Posts Q3 revenue of $898.4 mln vs est. of $896.4 mln
** Adj. EPS of 40 cents vs est. of 34 cents
** Global monthly active users rise 11% to 537 mln in Q3, compared with est. of 531.5 mln
** At least five brokerages cut PT on PINS stock
** Jefferies says PINS in Q3 saw strength in key ad verticals like retail, financial and auto, despite underperformance in food and beverage
** Stock rated "buy" on average; median PT is $40
** As of last close, stock down ~8% YTD
Reporting by Ragini Mathur
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