Pre-Market Movers: Reddit, Lyft, Upstart, Rivian, Twilio, Coupang, Dutch Bros, Electronic Arts, DoubleVerify, ZoomInfo
Stock Market05/08/2024Mr. SmithSeveral key stocks experienced notable movements in response to their first-quarter earnings reports and guidance for the second quarter.
Reddit (RDDT)
Reddit's stock surged 15% after it exceeded first-quarter revenue expectations and provided a robust forecast for the upcoming quarter.
Lyft (NASDAQ:LYFT)
Lyft saw a 4% increase following strong bookings and a smaller-than-expected loss per share in Q1.
Upstart Holdings (NASDAQ:UPST)
Upstart Holdings faced an 18% decline due to disappointing guidance for second-quarter revenue, leading to a brief halt in trading.
Rivian Automotive (NASDAQ:RIVN)
Rivian Automotive experienced a 2% drop after reporting a larger-than-anticipated loss in Q1.
Twilio (NYSE:TWLO)
Despite surpassing Wall Street estimates in Q1, Twilio's stock declined 7% as its second-quarter guidance fell short of expectations.
Coupang (CPNG)
Coupang's stock fell 5% following a first-quarter operating profit that missed estimates.
Dutch Bros Inc. (NYSE:BROS)
Dutch Bros Inc. saw a 7% rise after surpassing estimates and raising its guidance, showcasing strong performance across various metrics.
Electronic Arts (NASDAQ:EA)
Electronic Arts experienced a 3.6% decline post-Q4, with bookings missing consensus and a disappointing forecast.
DoubleVerify Holdings Inc. (NYSE:DV)
DoubleVerify Holdings Inc. faced a substantial 34% drop after issuing second-quarter guidance that significantly missed consensus estimates.
ZoomInfo Technologies Inc. (ZI)
Despite a solid start to the year, ZoomInfo Technologies Inc. saw a decline as its second-quarter and full-year guidance raised concerns among investors.