Check out the companies making headlines in midday trading. Pinterest — Shares fell about 11% after the image-sharing company issued softer-than-expected guidance for its first-quarter revenue. Late Thursday, Pinterest posted fourth-quarter revenue that disappointed Wall Street, but beat on earnings, per LSEG. CleanSpark – The bitcoin miner surged 37% after posting better than expected results Thursday for its fiscal first quarter. The company reported earnings of 14 cents per share, while analysts had expected a loss of 26 cents per share, according to FactSet. Revenue came in at $73.8 million for the quarter, compared to expectations of $71 million. The company got an extra lift after bitcoin on Friday rose above $47,000 . Expedia – The travel booking company dropped 18% after fourth-quarter bookings disappointed Wall Street. On Thursday, Expedia reported $21.7 billion in bookings, while analysts surveyed by LSEG were expecting $22 billion. The company also announced a CEO change, and Bank of America downgraded the stock to neutral from buy. Take-Two Interactive Software —The stock slid 7% after the video game maker guided for a disappointing forecast in its current quarter. On Thursday, Take-Two Interactive said it sees fiscal fourth-quarter bookings of $1.27 billion to $1.32 billion, compared to analysts’ estimates for $1.51 billion, per LSEG. PepsiCo — Shares fell nearly 3% after the beverage and snacks …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in midday trading. Pinterest — Shares fell about 11% after the image-sharing company issued softer-than-expected guidance for its first-quarter revenue. Late Thursday, Pinterest posted fourth-quarter revenue that disappointed Wall Street, but beat on earnings, per LSEG. CleanSpark – The bitcoin miner surged 37% after posting better than expected results Thursday for its fiscal first quarter. The company reported earnings of 14 cents per share, while analysts had expected a loss of 26 cents per share, according to FactSet. Revenue came in at $73.8 million for the quarter, compared to expectations of $71 million. The company got an extra lift after bitcoin on Friday rose above $47,000 . Expedia – The travel booking company dropped 18% after fourth-quarter bookings disappointed Wall Street. On Thursday, Expedia reported $21.7 billion in bookings, while analysts surveyed by LSEG were expecting $22 billion. The company also announced a CEO change, and Bank of America downgraded the stock to neutral from buy. Take-Two Interactive Software —The stock slid 7% after the video game maker guided for a disappointing forecast in its current quarter. On Thursday, Take-Two Interactive said it sees fiscal fourth-quarter bookings of $1.27 billion to $1.32 billion, compared to analysts’ estimates for $1.51 billion, per LSEG. PepsiCo — Shares fell nearly 3% after the beverage and snacks …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
