Top technology stocks were advancing pre-market Wednesday.
Stocks moving on news include:
(+) Pinterest (PINS), which was up more than 11% after announcing a move to suspend its full-year 2020 financial guidance amid the growing uncertainty of the economic impact of the COVID-19 pandemic. The social media web also said it expects Q1 revenue of $269 million to $272 million, versus the consensus estimate of $268.9 million compiled by Capital IQ.
(+) Inseego (INSG) was gaining over 10% in value after the maker of mobile hotspot and other connectivity devices said Q1 revenue should exceed the current consensus of $52 million.
(+) SMART Global Holdings (SGH) was more than 5% higher after it reported non-GAAP earnings per share of $0.52 for Q2 of fiscal 2020, down from $0.77 in the prior year. The result was ahead of the consensus estimate of $0.50 compiled by Capital IQ.
Price: 16.90, Change: +1.84, Percent Change: +12.22
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