Earnings Movers: Pinterest Soars 17%; Trade Desk up 11%; Microchip up 8%; Lyft up 7%; Wolfspeed Plunges 15%; Affirm Sinks 7%

Tiger Newspress
Yesterday

Pinterest forecast current-quarter revenue above Wall Street estimates on Thursday, signaling its artificial intelligence tools are boosting advertising spend on the platform and sending its shares up 15% in premarket trading.

Trade Desk reported stronger-than-expected financial results for the first quarter of 2025, with earnings per share (EPS) of $0.33, exceeding the forecasted $0.25. The company’s revenue reached $616 million, surpassing the anticipated $576.07 million. Following these positive results, The Trade Desk’s stock price surged by 13% in premarket trading.

Chipmaker Microchip Technology forecast first-quarter revenue and profit above estimates following an upbeat fourth-quarter revenue on Thursday, signaling a recovery in demand for its chips. Shares of the company rose 8%.

Chipmaker Wolfspeed forecast 2026 revenue below Wall Street estimates and reported a 7% decline in third-quarter revenue on Thursday, sending its shares down 14.5% in premarket trading.

Ride-hailing app Lyft on Thursday offered up a second-quarter forecast for a key demand metric that came in slightly above Wall Street's expectations, and its board approved an increase to its stock buyback plans based on what it characterized as strong demand. Shares rose 7%.

Online travel platform Expedia missed Wall Street estimates for quarterly revenue on Thursday, due to weaker than expected demand in the U.S., as the industry braces for a slowdown amid slower consumer spending.

Affirm reported better-than-expected third-quarter earnings but saw its shares fall 7% as the company’s guidance fell short of analyst expectations.

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