PRISM Stocks making the biggest moves premarket: Apple, Block, Atlassian, Reddit, Airbnb and more

Keep an eye on the companies that are shaking up the market with their premarket trading activity.

Block has taken a massive hit, with shares plummeting nearly 22% due to disappointing first-quarter earnings. The company reported revenue of $5.77 billion, falling short of analysts expectations of $6.20 billion according to LSEG.

Atlassian is also facing challenges, with a 12% drop in share value after providing weak fourth-quarter guidance. Despite a strong performance in the third quarter, the companys outlook ranges between $1.35 billion and $1.36 billion, below the $1.36 billion consensus estimate.

Chevrons shares saw a 2% decline as it announced plans to repurchase significantly less stock than in the previous quarter. It will repurchase between $2.5 billion and $3 billion in the second quarter. Net income has also decreased over 30% year-over-year.

Apple shares fell more than 3% amid concerns over the impact of tariffs, as highlighted by CEO Tim Cook. Although Apple exceeded Wall Streets second-quarter estimates, its Services segment did not meet expectations.

Airbnb experienced a nearly 5% drop in shares, despite marginally surpassing revenue expectations in the first quarter. For the current quarter, its revenue expectations range between $2.99 billion and $3.05 billion, slightly below the $3.04 billion consensus.

Rokus shares tumbled over 9% post-first-quarter earnings, as its adjusted EBITDA fell short of analyst projections despite surpassing revenue expectations at $1.02 billion.

Maplebear, operating as Instacart, saw a 4% increase in shares due to strong second-quarter guidance, predicting adjusted EBITDA of $240 million to $250 million, surpassing analyst expectations.

Twilios stock surged 8% following robust first-quarter earnings and positive guidance. The company reported adjusted earnings of $1.14 per share on $1.17 billion in revenue, exceeding analysts forecasts.

Social media company Reddits stock jumped 6% after announcing first-quarter results that outperformed expectations, with guidance for the second quarter also looking strong.

Duolingos shares soared nearly 10%, driven by an impressive revenue forecast for the second quarter and full-year projections surpassing consensus estimates.

Exxon Mobils shares edged up 1% thanks to better-than-expected earnings per share, although revenue missed Wall Street estimates.

Amazons shares slid 0.7% despite strong first-quarter performance, largely due to soft guidance and potential impacts from tariff and trade policies. The company is forecasting operating income below analyst expectations.

The post PRISM Stocks making the biggest moves premarket: Apple, Block, Atlassian, Reddit, Airbnb and more appeared first on PRISM MarketView.

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