Why Pinterest Shares Are Trading Higher By Over 20%; Here Are 20 Stocks Moving Premarket

Shares of Pinterest, Inc. (NYSE:PINS) rose sharply in pre-market trading after the company reported better-than-expected fourth-quarter revenue results and issued first-quarter revenue guidance with its midpoint above estimates.

Pinterest reported fourth-quarter revenue of $1.15 billion, beating estimates of $1.14 billion, according to Benzinga Pro. The company reported fourth-quarter earnings of 56 cents per share, missing analyst estimates of 65 cents per share.

Pinterest shares jumped 20.5% to $40.46 in the pre-market trading session.

Here are some other stocks moving in pre-market trading.

Gainers

FitLife Brands, Inc. (NASDAQ:FTLF) gained 138.2% to $36.73 in pre-market trading. FitLife Brands announced a 2-for-1 forward stock split.
MGO Global, Inc. (NASDAQ:MGOL) rose 64.5% to $0.3044 in pre-market trading. MGO Global and Heidmar announced SEC approval for business combination registration effective Feb. 4.
Universe Pharmaceuticals INC (NASDAQ:UPC) gained 55.6% to $0.2505 in pre-market trading after dipping 22% on Thursday.
NewGenIvf Group Limited (NASDAQ:NIVF) gained 38.4% to $0.2147 in pre-market trading after gaining around 27% on Thursday. NewGenlvf recently announced a 1-for-20 reverse stock split.
Doximity, Inc. (NYSE:DOCS) shares jumped 24.3% to $72.40 in pre-market trading after the company reported better-than-expected third-quarter financial results and issued FY25 guidance above estimates.
Affirm Holdings, Inc. (NASDAQ:AFRM) gained 17.3% to $72.47 following better-than-expected quarterly financial results and strong FY25 guidance.
Helius Medical Technologies, Inc. (NASDAQ:HSDT) shares climbed 16.5% to $0.6990 in pre-market trading after dipping 8% on Thursday.
Farmer Bros. Co. (NASDAQ:FARM) gained 15% to $2.07 in pre-market trading following better-than-expected quarterly EPS results.
Monolithic Power Systems, Inc. (NASDAQ:MPWR) gained 10.4% to $729.94 in pre-market after the company reported better-than-expected fourth-quarter financial results and issued first-quarter revenue guidance above estimates. Additionally, the company raised its quarterly dividend from $1.25 per share to $1.56 and announced a $500 million buyback program.

Losers

Treace Medical Concepts, Inc. (NASDAQ:TMCI) shares fell 51.1% to $5.03 in pre-market trading. Treace Medical Concepts will release financial results for the fourth quarter and full year of 2024 after the close of trading on Thursday, Feb. 27.
First Capital, Inc. (NASDAQ:FCAP) dipped 39.7% to $20.00 in pre-market trading.
Nikola Corporation (NASDAQ:NKLA) fell 29.7% to $0.5283 in today's pre-market trading. Nikola is preparing for a potential bankruptcy filing, marking one of the most dramatic downfalls in the electric vehicle industry's history.
BILL Holdings, Inc. (NYSE:BILL) shares fell 28.4% to $68.89 in pre-market trading after the company issued third-quarter total revenue guidance below estimates.
e.l.f. Beauty, Inc. (NYSE:ELF) shares tumbled 25.2% to $66.17 in pre-market trading after the company issued FY25 guidance below estimates.
Cyngn Inc. (NASDAQ:CYN) fell 22% to $0.0660 in pre-market trading.
LiveRamp Holdings, Inc. (NYSE:RAMP) declined 15.4% to $30.01 in pre-market trading as the company posted third-quarter results.
Skechers U.S.A., Inc. (NYSE:SKX) fell 12.1% to $66.49 in pre-market trading after the company reported worse-than-expected fourth-quarter financial results and issued first-quarter guidance below estimates.
Concentra Group Holdings Parent, Inc. (NYSE:CON) shares dipped 11.7% to $20.51 in pre-market trading. Concentra® Group Holdings Parent will release the financial results for its fourth quarter on Monday, March 3, after the closing bell.
CVRx, Inc. (NASDAQ:CVRX) fell 8.1% to $13.52 in pre-market trading. CVRx recently reported mixed fourth-quarter financial results.