These Stocks Are Moving the Most Today: Coinbase, Expedia, Affirm, Lyft, Pinterest, Cloudflare, and More — Barrons.com

By Joe WoelfelStock futures were mostly higher Friday after the U.S. and U.K. reached a framework trade agreement ahead of negotiations this weekend between Washington and Beijing.These stocks were poised to make moves Friday:Coinbase Global reported first-quarter earnings of $1.94 a share, slightly beating Wall Street expectations, but revenue of $2 billion that rose 24% from a year earlier but missed forecasts of $2.1 billion. First-quarter transaction revenue of $1.3 billion fell 19% from the fourth quarter. Coinbase guided for lower subscription and services revenue — between $600 million and $680 million — in the current second quarter. Coinbase said it took a hit from declines in crypto prices that "dropped alongside broader market declines driven by tariff policy and macroeconomic uncertainty." Shares of the cryptocurrency asset manager and brokerage declined 1.4%.MicroStrategy was up 1.6% in premarket trading, a day after the largest corporate holder of Bitcoin rose 5.6% as the cryptocurrency crossed $100,000 for the first time since February. Bitcoin was last trading at $102,732, up 2.9%.Expedia reported adjusted earnings in the first quarter of 40 cents a share, better than Wall Street estimates of 35 cents, as revenue rose 3.4% to $2.99 billion but missed expectations of $3.01 billion. Total gross bookings rose 4.3% to $31.45 billion but missed estimates. CEO Ariane Gorin said Expedia posted first-quarter bookings and revenue within its guidance range "despite weaker-than-expected" U.S. demand. The stock fell 9.2%.First-quarter adjusted earnings at Pinterest missed analysts' expectations but the stock was up 14% after the social-media company reported better-than-expected quarterly revenue and said it anticipated revenue in the current second quarter of $960 million to $980 million. Analysts had been calling for second-quarter revenue of $966 million. The company said global monthly active users in the first quarter rose 10% to 570 million.Lyft swung to a profit in the first quarter as revenue jumped 14% to $1.45 billion but was shy of analysts' estimates of $1.47 billion. Rides in the quarter rose 16% from a year earlier to 218.4 million and beat expectations of 215.1 million. Gross bookings were $4.16 billion, up 13% and slightly higher than forecasts of $4.15 billion. The ride-hailing service said it expects second-quarter gross bookings to rise 10% to 14%. The stock rose 7.6% in premarket trading.Affirm Holdings reported fiscal third-quarter earnings that were better than expected but the buy now, pay later company was down 7.2% in premarket trading after saying it sees fourth-quarter revenue of between $815 million to $845 million, with the midpoint of the guidance below Wall Street consensus.Cloudflare, the cybersecurity company, jumped 11% after first-quarter earnings met analysts' expectations but revenue of $479.1 million jumped 27% from a year earlier and beat forecasts of $469.3 million. For the current second quarter, Cloudflare said it expected revenue of $500.5 million, in line with estimates.Trade Desk, the advertising-technology company, jumped 14% after reporting better-than-expected adjusted earnings and revenue in the first quarter.Microchip Technology gained 8.5% after the maker of chips and circuits for electronics said it expects fiscal first-quarter revenue of between $1.02 billion and $1.07 billion, higher than analysts' estimates of $980 million. Microchip reported fiscal fourth-quarter revenue of $970.5 million.Write to Joe Woelfel at [email protected] content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.