Pinterest plunges, Nvidia surges on earnings — What to know in markets Friday
There are two stocks that will be moving Friday morning, Pinterest (PINS) and Nvidia (NVDA).
Online scrapbooking company Pinterest reported better-than-expected quarterly results after the market close Thursday, but shares tanked 15% after the company issued weak guidance. Pinterest now expects revenue of $1.06 billion to $1.08 billion, down from the previously anticipated $1.09 billion.
As many of the other recent IPOs have struggled since debuting on the public market, Pinterest was holding up relatively well against its peers. However, the weak guidance threw cold water on the upbeat expectations for strong growth.
Meanwhile, chipmaker Nvidia reported a beat on both the top and bottom lines and gave strong guidance. The stock soared 7% on the results after the bell Thursday. Semis have been caught in the crosshairs of the intensifying trade war between the U.S. and China. Nvidia had a rough 2018, but shares have risen about 20% so far in 2019.
—
Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung.
Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, and reddit.
More from Heidi:
Early Uber investor sees 'the same kind of situation' as Tesla
Shake Shack shares jump on better-than-expected sales, raises outlook
The next test for Apple’s iPhone will come with 5G