Check out the companies making headlines in expanded transactions: Apple – iPhone makers fell 2% after closely monitored services divisions that fell below expectations in the second quarter. The $26.7 billion analyst surveyed by StreetAccount was lower than the expected $26.7 billion, with service revenue of $26.65 billion. Overall revenue and revenue over the period beat Wall Street expectations. Airbnb – Stocks slipped over 4%. Airbnb is expected to earn between $2.99 billion and $3.05 billion for the second quarter, or $3.02 billion, in the middle of the range. Analysts had forecast revenue of $3.04 billion. Management focused on trends in the US segment year-over-year due to macro uncertainty. Amazon – The e-commerce giant fell about 4% as its second quarter operating profit guidance range missed analyst estimates. 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. Meanwhile, Amazon was able to beat both the top line and bottom line in the first quarter. Roku – Streaming company fell 3% after posting its first quarter results. Roku reported a loss of 19 cents per share on revenue of $1.02 billion. According to LSEG, this was slightly better than the consensus estimate. BLOCK – The financial services company’s shares plummeted more than 17% after first quarter revenues missed analyst estimates, reaching $5.77 billion for that period. According to LSEG, this was a $62 billion analyst held in pencil. Maplebear – The grocery delivery company that runs its business as Instacart has grown 5% after making bright forecasts this quarter. The company expects revenue adjusted prior to second quarter interest, tax, depreciation or EBITDA between $240 million and $250 million, while the analysts voted by FactSet were expecting $234.8 million. However, first quarter revenue and revenue were weaker than expected. Twilio – Shares surged more than 7% after the cloud communications company’s first quarter results broke Wall Street expectations. Twilio was forecast to have adjusted earnings of $1.14 per share with revenues of $17 billion per share, exceeding 94 cents per share, with revenue analysts surveyed by LSEG of $1.14 billion. The company also forecasts revenues that exceed expectations for the second quarter. Reddit – Social Media Forums surged by around 18%. Reddit believes that second quarter sales will be between $410 and $430 million ahead of analyst estimates of $396 million. The first quarter results beat the expectations of the same as Reddit posted a profit of 13 cents per share with revenue of $392 million. Analysts voted by LSEG asked for 2 cents per share in revenue and $370 million in revenue. Atlassian – The software company hit 15% at 15% as Atlassian’s fourth quarter revenue outlook did not attract investors. The company looks at revenues ranging from $1.35 billion to $1.36 billion that analysts wanted per LSEG. Adjusted revenue for the third quarter was 97 cents per share, with revenues of $1.36 billion, slightly surpassing street estimates. Duolingo – The manufacturer of the learning platform rose 9% after providing rosy guidance. Duolingo believes its second quarter revenue ranges between $239 million and $242 million, but the LSEG consensus estimates $234 million is sought. Street revenue is expected to range from $987 million to $996 million, compared to that, street estimates of $977 million. – Reported by CNBC’s Darla Mercado, Sean Conlon and Jesse Pound.
Stocks that make the biggest moves outside of business hours: AAPL, AMZN, ABNB, XYZ
