It's finally Friday.
Action Alerts PLUS senior analyst Jeff Marks joins TheStreet to break down some of the top headlines in the market.
Nvidia Post-Earnings
Real Money Stock of the Day Nvidia (NVDA - Get Report) posted earnings that beat expectations after the bell Thursday.
Adjusted earnings in Nvidia's first quarter were 88 cents a share, beating forecasts by 30 cents. Revenue fell to $2.22 billion from $3.21 billion a year ago and came in roughly in-line with forecasts of $2.2 billion. Gaming revenue of $1.06 billion beat forecasts, while data center revenue declined 10% from a year earlier to $664 million.
Last night, right before the earnings call, shares of Nvidia were up nearly 7%. However, after the call started and CFO Collette Kress disclosed that Nvidia would be going from yearly guidance to quarterly guidance, shares were only up around 2%.
Pinterest Post-Earnings
Pinterest (PINS) failed to impress investors when the company released its first earnings report.
The adjusted loss in the quarter narrowed to 32 cents a share from 38 cents a year earlier but was wider than forecasts that called for a loss of 11 cents.
Revenue in the first quarter rose 54% to $202 million, ahead of analysts' estimates of $200.7 million.
The company promptly fell 15% in after-hours trading Thursday night.
Luckin's Gearing Up for Its IPO
Luckin Coffee's (LK) initial public offering was priced at the higher end of its target range, setting up a debut Friday on the Nasdaq that will value the China-based rival to Starbucks (SBUX - Get Report) at more than $4.2 billion.
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