Stocks making the biggest moves after hours: AAPL, AMZN, ABNB, XYZ
Check out the companies making headlines in extended trading: Apple — The iPhone maker shed 2% after its closely watched Services division performed below expectations in the fiscal second quarter. Services revenue came in at $26.65 billion, lower than the $26.70 billion analysts surveyed by StreetAccount anticipated. Overall earnings and revenue during the period beat Wall Street’s expectations. Airbnb — Shares slipped more than 4%. Airbnb expects second-quarter revenue in a range between $2.99 billion and $3.05 billion, or $3.02 billion at the middle of the range. Analysts had forecast $3.04 billion in revenue. Management noted softening trends in the U.S. segment on a sequential on a year-over-year basis due to macro uncertainty. Amazon — The e-commerce giant fell about 4% after its second-quarter operating income guidance range missed analysts’ estimates. Amazon is forecasting operating income to land between $13 billion and $17.5 billion, which missed the $17.64 billion consensus call, according to StreetAccount. Meanwhile, Amazon managed to beat on both the top and bottom lines in the first quarter. Roku — The streaming company fell 3% after posting its first-quarter results. Roku reported a loss of 19 cents per share on $1.02 billion in revenue. This was slightly better than consensus estimates, which anticipated losses of 27 cents per share on revenue of $1.01 billion, according to LSEG. Block – Shares of the financial services company plunged more than 17% after its first-quarter revenue missed analysts’ estimates, posting $5.77 billion for the period. That is less than the $6.20 billion analysts had penciled in, according to LSEG. Maplebear – The grocery delivery company, which does business as Instacart, jumped 5% after giving an upbeat forecast for the current quarter. The company expects adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA, for the second quarter to come in between $240 million and $250 million, while analysts polled by FactSet were expecting $234.8 million. Earnings and revenue for the first quarter came in weaker than expected, however. Twilio – The stock surged more than 7% after the cloud communications company’s first-quarter results topped Wall Street expectations. Twilio posted adjusted earnings of $1.14 per share on $1.17 billion in revenue, above the 94 cents per share and $1.14 billion in revenue analysts surveyed by LSEG were expecting. The company also forecast stronger-than-expected revenue for the second quarter. Reddit – The social media forum surged about 18%. Reddit sees second-quarter sales coming in between $410 million and $430 million, ahead of analysts’ estimates for $396 million. First-quarter results trounced the Street’s expectations, as Reddit posted earnings of 13 cents per share on revenue of $392 million. Analysts polled by LSEG sought 2 cents per share in earnings and $370 million in revenue. Atlassian – The software company tanked 15% as Atlassian’s fiscal fourth-quarter revenue outlook failed to dazzle investors. The company sees sales ranging between $1.35 billion and $1.36 billion, compared to the $1.36 billion analysts were seeking, per LSEG. Third-quarter adjusted earnings came in at 97 cents per share, while revenue was $1.36 billion, slightly above the Street’s estimates. Duolingo – The maker of the learning platform jumped 9% after providing rosy guidance. Duolingo sees second-quarter revenue ranging between $239 million and $242 million, while LSEG consensus estimates called for $234 million. Full-year revenue is expected to range between $987 million and $996 million, versus the Street’s estimate of $977 million. — CNBC’s Darla Mercado, Sean Conlon and Jesse Pound contributed reporting.