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Why Pinterest Shares Are Trading Higher By 17%; Here Are 20 Stocks Moving Premarket

Benzinga ·  May 1 20:19

Shares ofPinterest, Inc(NYSE:PINS) rose sharply in today's pre-market trading following strong first-quarter earnings and upbeat second-quarter guidance.

Pinterest's first-quarter revenue increased nearly 23% year-over-year to $740 million, which beat the consensus estimate of $699.872 million, according to Benzinga Pro. The company reported a loss of 4 cents per share, which beat analyst estimates for a loss of 9 cents per share.

Pinterest shares climbed 17.3% to $39.26 in pre-market trading.

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

Gainers

  • Plutonian Acquisition Corp. (NASDAQ:PLTN) gained 68.9% to $15.00 in pre-market trading.
  • IM Cannabis Corp...
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