Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Coinbase (COIN) is lower this morning after the crypto exchange reported first-quarter total revenue that missed the average analyst estimate as transactions declined with crypto prices.
- Cloudflare (NET) dipped this morning after the company gave a forecast for revenue that fell short of analysts’ expectations. The company said it would slash its current workforce by roughly 1,100 people as it prioritizes artificial intelligence tools in its operating model.
- Wendy's (WEN) is higher after it reported adjusted earnings per share for the first quarter that beat the average analyst estimate.