Pinterest Shares Surge Over 20%: Here's Why and 20 More Stocks Moving Premarket

Pinterest, Inc. (PINS) shares jumped over 20% in pre-market trading on Thursday, February 6, 2025, following the company's better-than-expected fourth-quarter revenue results and strong first-quarter revenue guidance. Here's a closer look at Pinterest's performance and some other stocks moving in the premarket session.

Pinterest's Performance

Pinterest reported fourth-quarter revenue of $1.15 billion, beating estimates of $1.14 billion. The company's earnings per share (EPS) of 56 cents missed analyst estimates of 65 cents. Despite the slight miss on EPS, Pinterest's shares climbed 20.5% to $40.46 in pre-market trading. The company's strong revenue growth and positive guidance for the first quarter drove investor confidence in the stock.

Other Stocks Moving Premarket

1. FitLife Brands, Inc. (FTLF): Up 138.2% to $36.73
* Announced a 2-for-1 forward stock split
2. MGO Global, Inc. (MGOL): Up 64.5% to $0.3044
* SEC approval for business combination registration effective February 4
3. Universe Pharmaceuticals INC (UPC): Up 55.6% to $0.2505
* Rebounding from a 22% dip on Thursday
4. NewGenIvf Group Limited (NIVF): Up 38.4% to $0.2147
* Recent announcement of a 1-for-20 reverse stock split
5. Doximity, Inc. (DOCS): Up 24.3% to $72.40
* Better-than-expected third-quarter financial results and FY25 guidance above estimates
6. Affirm Holdings, Inc. (AFRM): Up 17.3% to $72.47
* Better-than-expected quarterly financial results and strong FY25 guidance
7. Helius Medical Technologies, Inc. (HSDT): Up 16.5% to $0.6990
* Rebounding from an 8% dip on Thursday
8. Farmer Bros. Co. (FARM): Up 15% to $2.07
* Better-than-expected quarterly EPS results
9. Monolithic Power Systems, Inc. (MPWR): Up 10.4% to $729.94
* Better-than-expected fourth-quarter financial results, first-quarter revenue guidance above estimates, quarterly dividend increase, and a $500 million buyback program

Losers

1. Treace Medical Concepts, Inc. (TMCI): Down 51.1% to $5.03
* Upcoming financial results for the fourth quarter and full year of 2024
2. First Capital, Inc. (FCAP): Down 39.7% to $20.00
* No specific news mentioned
3. Nikola Corporation (NKLA): Down 29.7% to $0.5283
* Preparing for a potential bankruptcy filing
4. BILL Holdings, Inc. (BILL): Down 28.4% to $68.89
* Third-quarter total revenue guidance below estimates
5. e.l.f. Beauty, Inc. (ELF): Down 25.2% to $66.17
* FY25 guidance below estimates
6. Cyngn Inc. (CYN): Down 22% to $0.0660
* No specific news mentioned
7. LiveRamp Holdings, Inc. (RAMP): Down 15.4% to $30.01
* Posted third-quarter results
8. Skechers U.S.A., Inc. (SKX): Down 12.1% to $66.49
* Worse-than-expected fourth-quarter financial results and first-quarter guidance below estimates
9. Concentra Group Holdings Parent, Inc. (CON): Down 11.7% to $20.51
* Upcoming fourth-quarter financial results on March 3
10. CVRx, Inc. (CVRX): Down 8.1% to $13.52
* Mixed fourth-quarter financial results

Conclusion

Pinterest's strong performance in the pre-market session can be attributed to its better-than-expected fourth-quarter revenue results and positive first-quarter revenue guidance. Investors are optimistic about the company's future prospects, driving its share price higher. Additionally, other stocks in the premarket session are moving based on various factors, such as earnings results, guidance, and market sentiment. As an investor, it's essential to stay informed about these developments and make well-researched decisions based on the available data.