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.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
May 02, 2025 05:34 ET (09:34 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.