Get more equity coverage like this on the Stock Movers podcast from Bloomberg, featuring five-minute episodes on the winners and losers in the stock market.
Subscribe here: https://link.podtrac.com/h0zn7xir
On this episode of Stock Movers:
• Lyft (LYFT) shares surged on results that were released after the bell on Thursday. The ride-share company reported better-than-expected gross bookings in the first quarter, a sharp contrast with disappointing results from rival Uber. It also announced an accelerated and expanded share buyback program.
Some areas key to its positive results include Indianapolis, which saw a 37% gain in rides, and Canada, where rides were up 50%.
• Pinterest (PINS) shares rose after 2Q revenue guidance beat estimates. CEO Bill Ready cited the company’s ability to leverage AI to personalize the user experience as a "key differentiator." The emerging technology allows them to provide advertisers early signs on trends before they show up in purchasing data.
• 1-800-Flowers (FLWS) shares plunged after it withdrew its near-term guidance and shuffled its management team, including naming a new CEO. The news came after the firm reported 3Q results that showed a bigger-than estimated loss per share, while net revenue also disappointed, falling 13% from a year earlier.
——–
Watch Bloomberg Radio LIVE on YouTube
Weekdays 7am-6pm ET
WATCH HERE: http://bit.ly/3vTiACF
Follow us on X: https://twitter.com/BloombergRadio
Subscribe to our Podcasts:
Bloomberg Daybreak: http://bit.ly/3DWYoAN
Bloomberg Surveillance: http://bit.ly/3OPtReI
Bloomberg Intelligence: http://bit.ly/3YrBfOi
Balance of Power: http://bit.ly/3OO8eLC
Bloomberg Businessweek: http://bit.ly/3IPl60i
Listen on Apple CarPlay and Android Auto with the Bloomberg Business app:
Apple CarPlay: https://apple.co/486mghI
Android Auto: https://bit.ly/49benZy
Visit our YouTube channels:
Bloomberg Podcasts: https://www.youtube.com/bloombergpodcasts
Bloomberg Television: https://www.youtube.com/@markets
Bloomberg Originals: https://www.youtube.com/bloomberg
Quicktake: https://www.youtube.com/@BloombergQuicktake
