Check out the companies that make headlines in pre-market transactions. BLOCK – Financial technology stocks plummeted nearly 22% due to weak first quarter revenues. Block said analysts surveyed by LSEG had projected $62 billion, but Block brought in $5.77 billion. Atlassian – Shares sank 12% after the software company issued weak guidance. Atlassian is expected to be a consensus estimate of $1.36 billion with fourth quarter revenues ranging from $1.35 billion to $1.36 billion. However, the company beat both the top line and bottom line in the third quarter. Chevron – Stocks fell 2% after saying they would buy back $2.5 billion to $3 billion in shares in the second quarter. Net income also fell by more than 30% from the same period in the previous year’s three-month period. Apple – The stock has been pulled back more than 3% after CEO Tim Cook told investors about the company’s revenue call that it was “very difficult” to predict the impact of tariffs on iPhone makers beyond the June quarter. Apple surpasses Wall Street’s second quarter estimates, but its service segment missed consensus expectations. Airbnb – After the vacation rental platform, the stock slipped nearly 5%. The company slightly exceeded its first quarter revenue expectations, but the current quarter lists the range of $2.99 billion and $3.05 billion. The $3.02 billion mid-number figure is conservatively below the $3.04 billion consensus forecast from analysts per LSEG. Roku – The streaming company’s shares fell by more than 9% after sharing its first quarter results. Roku reported revenue of $1.02 billion, slightly breaking its $10.1 billion consensus forecast from Factset. However, the company’s adjusted EBITDA was $56 million, below the $57 million analyst estimate. MapleBear – Grocery Delivery Stock, doing business as Instacart, won 4% in strong second quarter guidance. Maplebear said the adjusted EBITDA should go between $240 million and $250 million, but Analyst expected it to vote by Factset. It overshadowed modest mistakes on both lines in the first quarter. Twilio – Cloudstock revolved 8% 8% with better revenue and bright guidance than expected in the first quarter. Twilio earned $1.14 per share, exceeding consensus expectations for earnings of 94 cents per share, surpassing revenues of $1.14 billion from analysts voted by LSEG. Reddit – Social media stocks rose 6% after quarter results broke estimates. Reddit won 13 cents per share with revenues of $392.4 million. Analysts surveyed by FactSet were expecting revenues of 2 cents per share, with $369.5 million in profits. We also provided estimates for second quarter revenue guidance. Duolingo – The stock jumped nearly 10% after the language learning platform issued a better earnings forecast than expected. Duolingo expects second quarter revenue to be between $239 million and $242 million, while analysts voted by LSEG had expected $234 million. Full-year revenue is expected to be higher than the consensus estimate of $977 million, ranging from $987 million to $996 million. Exxon Mobil – Stocks rose 1% as earnings per share from their oil majors are stronger than expected. Exxon Mobil won $1.76 per share, defeating the consensus estimates of LSEG voted in analysts at 3 cents per share. However, revenues were $83.133 billion, with Wall Street expecting $86.72 billion. Amazon – Ecommerce giant stocks slid 0.7% behind the first quarter earnings print. Amazon recorded better revenue and revenue than expected for the quarter, but issued soft guidance during the current period. According to StreetAccount, Amazon has forecast operating profits to $13 billion to $17.5 billion in land, missing a consensus call of $17.644 billion. Amazon also said tariffs and trade policies could affect its outlook. – Reported by CNBC’s Brian Evans, Jesse Pound, Sarah Minh, Pier Singh and Michelle Fox
AAPL, XYZ, Team, RDDT, ABNB, etc.
