Stock Movers: Lyft Surges, Pinterest Rises, 1-800-Flowers Shares Plunge
May 9, 2025
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3:54Now PlayingStock Movers: Lyft Surges, Pinterest Rises, 1-800-Flowers Shares Plunge
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as posted by the channelGet 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.
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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.
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