24H|Pinterest Soars 17%; Trade Desk Surges 11%; Lyft Jumps 7%; Coinbase Drops 3%; Affirm Sinks 8%; Wolfspeed Plunges 19%

Tiger Newspress
09 May

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 16.8% in overnight 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 10.6% in overnight 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 7.7% in overnight 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 7.3% in overnight trading.

DraftKings shares rose 1.5% in overnight trading as investors looked past a disappointing first quarter hurt by a March Madness basketball tournament that went especially well for gamblers.

MARA Holdings reports quarterly losses of $1.55 per share which missed the analyst consensus estimate of losses of 4 cents. Quarterly revenue comes in at $213.88 million which missed the Street estimate of $221.64 million. The shares dropped 2.5% in overnight trading.

Crypto exchange Coinbase reported a drop in first-quarter profit on Thursday as a steep rise in costs more than offset revenue growth in its transaction and subscription units, sending its shares down 2.7% in overnight trading.

SoundHound AI posted a record first quarter on Thursday — but that wasn’t enough to beat Wall Street’s expectations for the March quarter. Shares of SoundHound were falling 6.5% in overnight trading.

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. Shares of the company were down close to 7.7% in overnight trading.

Affirm reported better-than-expected third-quarter earnings but saw its shares fall 8.2% in overnight trading as the company’s guidance fell short of analyst expectations.

Chipmaker Wolfspeed forecast 2026 revenue below Wall Street estimates and reported a 7% decline in third-quarter revenue on Thursday, sending its shares down 19.2% in overnight trading.

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