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Today's Stock Movers: Cloudflare, Expedia, Pinterest.

Alex Vellor
06:33am, Friday, Feb 09, 2024

In today's financial landscape, U.S. stock futures displayed a varied performance as investors digested a slew of earnings reports and corporate announcements.

The Dow futures edged down by approximately 15 points, hinting at a cautious market sentiment.

Expedia Group, Inc. (NASDAQ: EXPE) was a standout in the pre-market trading, which saw its shares plummet by 13.8% despite reporting earnings and sales that slightly surpassed analyst expectations. The company announced earnings of $1.72 per share against the forecasted $1.68, with sales reaching $2.89 billion, marginally beating the $2.88 billion consensus. Furthermore, Expedia introduced Ariane Gorin as the new CEO and reported record growth in lodging and hotel gross bookings, showcasing a mixed yet promising performance.

However, the broader market saw several significant downturns. Shares of Pinterest, Inc. (NYSE: PINS) and Affirm Holdings, Inc. (NASDAQ: AFRM) tumbled, with Pinterest missing sales estimates and Affirm revealing its second-quarter financial results. Take-Two Interactive Software, Inc. (NASDAQ: TTWO) also reported a decrease in total net bookings and adjusted its 2024 forecast downward, reflecting challenges in the gaming sector.

Below is a table summarizing the pre-market movements of notable stocks:

Company Name Symbol Change in Pre-market Trading
Expedia Group, Inc. EXPE -13.8%
The Children's Place, Inc. PLCE -17.7%
Pinterest, Inc. PINS -10.8%
Affirm Holdings, Inc. AFRM -11.0%
Take-Two Interactive Software, Inc. TTWO -8.93%
Sasol Limited SSL -5.66%
Airbnb, Inc. ABNB -3.53%
Spirit Airlines, Inc. SAVE -2.51%
Illumina, Inc. ILMN -2.81%
Name Last Chg. % Vol.
Next eGO BVEGOX 0.51 +104.00% 5.32M
Intelligent Living. ILAG 0.93 +98.43% 2.68M
TOP Financial TOP 5.64 +72.48% 3.47M
TC BioPharm Holdin. TCBP 1.70 +54.55% 3.66M
Sunworks Inc SUNW 0.08 +47.96% 16.11M
Cloudflare Inc NET 114.02 +26.25% 146.04K
Cheche Group Inc CCG 4.26 +21.02% 0.7K
CleanSpark Inc CLSK 12.35 +17.62% 493.88K
Trilogy Metals Inc TMQ 0.567 +16.82% 0.02K
Farmer Bros. Co FARM 3.63 +16.35% 7.78K

This mixed bag of results underscores the complexities within the current financial market, highlighting the importance of closely monitoring corporate performances and market trends.

About The Author

Alex Vellor