Midday Market Highlights: Key Company Stock Movements
Duolingo Surges on Positive Revenue Outlook
Duolingo’s shares saw a remarkable uptick of over 21% following the announcement of a promising revenue forecast. The language learning platform anticipates second-quarter revenues between $239 million and $242 million, surpassing analyst expectations of $234 million. For the full year, revenue projections are set between $987 million and $996 million, exceeding the consensus estimate of $977 million.
Apple’s Slight Decline Despite Strong Earnings
Apple’s stock dipped by 3.7% after reporting second-quarter services revenue of $26.65 billion, slightly below the expected $26.70 billion. This figure, however, still reflects a robust annual growth of 11.65%.
Amazon Faces Challenges with Soft Guidance
Amazon experienced a minor decline of 0.1% following its first-quarter earnings announcement. While the results were better than anticipated, the company provided a conservative forecast for the upcoming period. Operating income is predicted to fall between $13 billion and $17.5 billion, below the projected $17.64 billion.
Nvidia Capitalizes on Strategic Adjustments
Nvidia’s shares rose by 2.5% amid reports that the company is modifying its chip offerings for the Chinese market in response to U.S. export restrictions.
Take-Two Interactive’s Share Drop
Shares of Take-Two Interactive fell approximately 6.7% after the company announced a delay for the latest version of Grand Theft Auto, now scheduled for release on May 26, 2026 instead of this fall.
Atlassian and Roku Experience Significant Declines
Atlassian shares decreased by around 9% following disappointing fourth-quarter guidance with expected revenues between $1.35 billion and $1.36 billion, slightly below the consensus estimate.
Roku also saw its stock drop 8.5% after its first-quarter results, reporting revenues of $1.02 billion, which marginally surpassed predictions, but fell short of consensus earnings.
Block Reports Disappointing Revenue
Block’s shares tumbled by 20.4% after revealing disappointing first-quarter earnings of $5.77 billion, with analysts expecting $6.20 billion. The company highlighted macroeconomic uncertainties impacting future guidance.
Maplebear and Five Below See Gains
Maplebear, operating as Instacart, saw shares rise by 13.6% after announcing positive second-quarter guidance for adjusted EBITDA, projected between $240 million and $250 million.
Five Below also experienced a significant increase of about 11.9% after revising its net sales guidance upward to around $967 million, up from an earlier forecast of $905 million to $925 million.
GoDaddy and Dexcom Stock Movements
GoDaddy’s stock fell by more than 3% after releasing lower-than-expected revenue estimates for the current quarter, expected to be between $1.195 billion and $1.215 billion, compared to analyst projections of $1.21 billion.
In contrast, Dexcom shares surged around 16.2% after reporting first-quarter revenues of $1.04 billion, slightly exceeding estimates. The company also announced a significant $750 million share repurchase program.