To The Moon

US stocks had their best day since January this year on Thursday, with most stocks closing up. This was brought about by $Meta Platforms(META)$ 's strong earnings report. However, some companies or even the company has the same business model like $Meta Platforms, Inc.(META)$ plunged, i.e., $Pinterest, Inc.(PINS)$ and $Snap Inc(SNAP)$ .

In addition, $Amazon.com(AMZN)$ rallied 10% with the earnings beat but then dropped 2% after the earnings call. Chatgpt-concept stock $Cloudflare, Inc.(NET)$ plunged over 20%.

1. $Amazon.com(AMZN)$ from +10% to -2% due to weak cloud growth guidance

Amazon reported better-than-expected revenue on Thursday.

The stock initially rallied 10% in extended trading but then reversed course and dropped 2% after executives suggested cloud revenue growth would continue to slow in the near term.

GAAP EPS: $0.31 vs. $0.20

Revenue: $127.4 bln vs. $124.5 bln expected

Amazon said it expects sales in the current quarter to reach between $127 billion and $133 billion, keeping in line with analysts’ forecasts.

2. $Snap Inc(SNAP)$ -18.95% due to revenue miss and weak guidance

 Snap shares dropped as much as 20% after hours on Thursday as the company reported first-quarter results that missed analysts’ expectations on revenue.

EPS: 1 cent vs. -1 cent expected

Revenue: $989 mln vs. $1.01 bln expected

Although the company didn’t provide official guidance for the second quarter, it said in a letter to shareholders that its “internal forecast” for revenue would be $1.04 bln, representing a 6% year-over-year decline, also lower than analysts’ estimates of $1.10 bln.

3. $Pinterest, Inc.(PINS)$ -13.97%

Pinterest, the image-sharing platform, fell about 18 per cent aftermarket although it beat analysts’ estimates.

The company warned it could miss estimates for the second.

25 Facts You Need to Know About Pinterest

EPS: $0.08 vs. $0.01

Revenue: $602.58 mln vs.$592.99 mln

Pinterest said it expected revenue growth in the current quarter to be in line with revenue growth in the first quarter and the fourth quarter of 2022. Fourth quarter revenue grew 4 percent. Wall Street was estimating growth of 6.15 per cent, according to Refinitiv data.

4. $Cloudflare, Inc.(NET)$ -24.64% as it missed on revenue and revised down guidance

Cloudflare shares plunged as much as 25% in after-hours trading Thursday after the internet services and security company reported first-quarter results that missed on revenue, and also revised its full-year revenue guidance down.

EPS: 8 cents vs. 3 cents

Revenue: $290.2 mln vs. $290.8 mln

Cloudflare revised their full-year revenue guidance for 2023 down. The company guided to full-year revenue around $1.28 billion, versus a prior consensus of $1.33 billion.

Cloudflare’s guidance for the second-quarter of 2023 was also below consensus estimates. Cloudflare guided to revenue between $305 and $306 million, versus a consensus estimate of $319 million.

Earnings calendar for next week