Block, Atlassian, Apple, Roku, Amazon And Other Big Stocks Moving Lower In Friday's Pre-Market Session

U.S. stock futures were higher this morning, with the Dow futures gaining around 200 points on Friday.

Shares of Block, Inc. XYZ fell sharply in today's pre-market trading after the company reported worse-than-expected first-quarter financial results.

Block reported quarterly earnings of 56 cents per share, which missed market estimates of 87 cents per share. Quarterly revenue came in at $5.77 billion, missing the consensus estimate of $6.2 billion.

Block shares dipped 21.9% to $45.66 in the pre-market trading session.

Earn 7.2% — No Matter What the Fed Does

Markets expect rate cuts — but your earnings don’t have to suffer. Lock in 7.2% until 2028 from ten individual bonds.

Here are some other stocks moving lower in pre-market trading.

Advantage Solutions Inc. ADV fell 18.9% to $1.07 in pre-market trading. Advantage Solutions will release financial results for the first quarter on May 12.
Ardelyx, Inc. ARDX dipped 16.4% to $4.57 in pre-market trading after the company reported worse-than-expected quarterly financial results.
Atlassian Corporation TEAM declined 16% to $192.35 in pre-market trading after the company issued fourth-quarter sales guidance below estimates.
LendingTree, Inc. TREE fell 12.9% to $47.14 in pre-market trading after the company reported worse-than-expected first-quarter sales results, issued second-quarter sales guidance below estimates, and cut its FY25 sales guidance.
Cytokinetics, Incorporated CYTK dipped 12.1% to $37.71 in pre-market trading after the company announced the FDA has extended the Prescription Drug User Fee Act action date for Aficamten.
Roku, Inc. ROKU dropped 6.4% to $63.00 in pre-market trading after the company issued FY25 sales guidance below estimates.
Ingersoll Rand Inc. IR fell 4.7% to $72.63 in pre-market trading as the company posted downbeat quarterly results and lowered its FY2025 earnings guidance.
Apple Inc. AAPL fell 2.9% to $207.24 in today's pre-market trading. Apple reported fiscal second-quarter revenue of $95.36 billion, beating analyst estimates of $94.53 billion. The Cupertino-based company reported second-quarter earnings of $1.65 per share, beating analyst estimates of $1.63 per share. The company’s CEO Tim Cook said that the tech giant expects a $900 million cost impact in the June quarter due to tariffs.
Amazon.com, Inc. AMZN fell 2.3% to $185.93 in pre-market trading. Amazon reported stronger-than-expected first-quarter financial results after market close Thursday. The company said it expects second-quarter net sales of $159 billion to $164 billion, up 7% to 11%. Analysts expect the company to have net sales of $160.91 billion in the quarter.