By WSJ Staff

Block $(XYZ)$: The parent of Cash App and Square posted a drop in quarterly results and cut its annual guidance. It flagged a "pronounced shift" in consumer behavior, saying users of its Cash App Card had cut back on non-essentials like travel and media. Shares cratered about 20% in premarket trading.

Apple $(AAPL)$: The iPhone maker said sales rose in the January-to-March period, driven by higher phone demand and the release of the low-end 16e model. But it expects tariffs to add $900 million to costs this quarter. Shares lost nearly 3% premarket.

Amazon $(AMZN)$: The tech company reported strong earnings, but gave a quarterly outlook that was seen as cautious by some analysts, dimmed by looming levies. Shares fell 2% premarket.

Shell $(SHEL)$: The global energy company said it would buy back $3.5 billion of shares, after it posted higher-than-expected adjusted quarterly earnings. Shares rose 3% in London.

Airbnb $(ABNB)$: The short-term rentals platform posted higher quarterly revenue, but said it expects bookings growth to moderate this quarter as economic uncertainty weighs on its U.S. business. Shares fell 4% in thin premarket trading.

Exxon Mobil $(XOM)$, Chevron $(CVX)$, DuPont de Nemours $(DD)$ and Apollo Global Management $(APO)$ are among the companies set to report earnings before the U.S. market opens.

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(END) Dow Jones Newswires

May 02, 2025 05:34 ET (09:34 GMT)

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