{"id":4525,"date":"2023-05-05T08:07:04","date_gmt":"2023-05-05T12:07:04","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/apple-carvana-pacwest-lyft-draftkings-and-more-stock-market-movers\/"},"modified":"2023-05-05T08:07:05","modified_gmt":"2023-05-05T12:07:05","slug":"apple-carvana-pacwest-lyft-draftkings-and-more-stock-market-movers","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=4525","title":{"rendered":"Apple, Carvana, PacWest, Lyft, DraftKings, and More Stock Market Movers"},"content":{"rendered":"
\n
<\/p>\n
<\/p>\n<\/figure><\/div>\n

Stock futures were rising Friday\u00a0following earnings from
\n Apple
\n and ahead of U.S. payrolls data.<\/p>\n

These stocks were poised to make moves Friday:\u00a0<\/p>\n

\n Apple
\n (ticker: AAPL) was up 2.7% in premarket trading after the iPhone giant reported fiscal second-quarter earnings and sales that beat analysts\u2019 estimates. Most of the revenue beat was from stronger-than-expected sales for Apple\u2019s iPhone unit, which generated revenue of $51.3 billion in the quarter, up 1.5% from a year earlier. Wall Street expected quarterly iPhone sales of $48.7 billion.<\/p>\n

\n

Carvana (CVNA) reported a first-quarter loss that narrowed from a year earlier as the company said its cost-cutting campaign will contribute to positive earnings, excluding some expenses, for the current second quarter. The stock soared 41%.<\/p>\n

Regional bank shares were climbing early Friday after sinking Thursday.
\n PacWest
\n (PACW) gained 18%, while
\n Western Alliance
\n (WAL) rose 12%, and
\n First Horizon
\n (FHN) jumped 3.9%. <\/p>\n

Lyft (LYFT) was falling 16% after the ride-share company issued a second-quarter revenue forecast that came up shy of analysts\u2019 expectations. The company\u2019s forecast for adjusted Ebitda of $20 million to $30 million also missed estimates.<\/p>\n

First-quarter revenue at
\n DraftKings
\n (DKNG) easily topped Wall Street forecasts and shares of the sports-gambling company were jumping 11% in premarket trading.<\/p>\n

\n Coinbase
\n (COIN), the cryptocurrency broker, posted a first-quarter loss that was much narrower than expectations and the stock was rising 8.2% in premarket trading.
\n Coinbase
\n \u2018s performance received a significant boost from
\n Bitcoin,<\/span>
\n which has rallied in 2023. <\/p>\n

\n Booking Holdings
\n (BKNG), the online travel service, was falling 3% after first-quarter adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) of $586 million missed analysts\u2019 forecasts of $627 million.
\n Expedia
\n \u2018s (EXPE) first-quarter revenue jumped to $2.67 billion from $2.25 billion a year earlier and it posted a 20% increase in gross bookings. Shares rose 5.9%.<\/p>\n

\n DoorDash
\n (DASH) was up 4%. The delivery-app company raised its full-year guidance after orders surged in the first quarter.<\/p>\n

\n Redfin
\n (RDFN) rose 3.4% after the brokerage and real-estate listings company was upgraded to Neutral from Sell by analysts at Compass Point.<\/p>\n

\n Cloudflare
\n (NET) gained 3.1% after the internet infrastructure company received an upgrade to Neutral from Sell by analysts at Guggenheim.<\/p>\n

Fintech Block (SQ) reported an increase of 26% in first-quarter revenue to nearly $5 billion, beating expectations. The gains were driven by its Cash App mobile payments platform. The stock gained 3%.<\/p>\n

\n AMC Entertainment
\n (AMC) is expected to report earnings Friday before the stock market opens.<\/p>\n

Write to Joe Woelfel at joseph.woelfel@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Stock futures were rising Friday\u00a0following earnings from Apple and ahead of U.S. payrolls data. These stocks were poised to make moves Friday:\u00a0 Apple (ticker: AAPL) was up 2.7% in premarket trading after the iPhone giant reported fiscal second-quarter earnings and sales that beat analysts\u2019 estimates. Most of the revenue beat was from stronger-than-expected sales for […]<\/p>\n","protected":false},"author":1,"featured_media":4526,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-4525","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nApple, Carvana, PacWest, Lyft, DraftKings, and More Stock Market Movers | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Stock futures were rising Friday\u00a0following earnings from Apple and ahead of U.S. payrolls data. 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