TMDX - Why Pinterest Shares Are Trading Higher By 17%; Here Are 20 Stocks Moving Premarket | Benzinga
Shares of Pinterest, Inc (NYSE:PINS) rose sharply in today's pre-market trading following strong first-quarter earnings and upbeat second-quarter guidance.
Pinterest's first-quarter revenue increased nearly 23% year-over-year to $740 million, which beat the consensus estimate of $699.872 million, according to Benzinga Pro. The company reported a loss of 4 cents per share, which beat analyst estimates for a loss of 9 cents per share.
Pinterest shares climbed 17.3% to $39.26 in pre-market trading.
Here are some other stocks moving in pre-market trading.
Gainers
- Plutonian Acquisition Corp. (NASDAQ:PLTN) gained 68.9% to $15.00 in pre-market trading.
- IM Cannabis Corp. (NASDAQ:IMCC) gained 40.7% to $1.21 in pre-market trading after jumping around 54% on Tuesday.
- Predictive Oncology Inc. (NASDAQ:POAI) rose 31.4% to $1.88 in today's pre-market trading after the company announced a collaboration with FluGen for an intranasal flu vaccine.
- Root, Inc. (NASDAQ:ROOT) shares gained 27.2% to $88.61 in pre-market trading after the company reported better-than-expected ...