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Stocks making the biggest moves midday: Apple, Instacart, Nvidia, Block and more

Garry Wills by Garry Wills
May 2, 2025
in Business Finance
Stocks making the biggest moves midday: Apple, Instacart, Nvidia, Block and more
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Check out the companies making headlines in midday trading: Duolingo — Shares soared more than 18% after the language learning app guided toward a better-than-expected revenue forecast. Duolingo estimates second-quarter revenue will come in between $239 million and $242 million, while analysts polled by LSEG expected $234 million. Full-year revenue is expected to come in a range between $987 million and $996 million, higher than the consensus call of $977 million. Apple — Shares shed 4% after the iPhone maker reported fiscal second-quarter services revenue of $26.65 billion, while analysts had expected $26.70 billion, according to StreetAccount. This number still represented an annual increase of 11.65%. However, Apple’s earnings and revenue for the quarter beat analysts’ estimates. Amazon — The e-commerce stock dipped just 0.4% on the back of its first-quarter earnings print . Amazon posted better-than-expected earnings and revenue for the quarter, but gave soft guidance for the current period. Amazon is forecasting operating income to land between $13 billion and $17.5 billion, which fell short of the $17.64 billion consensus call, per StreetAccount. The company also said tariff and trade policies could affect its guidance. Nvidia — The semiconductor giant advanced 2%. The Information reported the company is tailoring chips for sale in China after the U.S. export ban. Take-Two Interactive Software — Shares of the video game manufacturer fell more than 5% after the company announced that the new version of Grand Theft Auto would not be released until May 26, 2026. The game was previously slated for this fall. Atlassian — Shares sank 6% after management issued weak fiscal fourth-quarter guidance. The software company expects revenue in the period to land between $1.35 billion and $1.36 billion, versus the $1.36 billion consensus estimate, per LSEG. Atlassian beat on both the top and bottom lines for its third quarter. Roku — The streaming platform’s shares dropped 6% on the back of its first-quarter results. Roku reported $1.02 billion in revenue, slightly beating the consensus prediction from FactSet of $1.01 billion. However, the company’s adjusted EBITDA of $56 million came in below consensus estimates of $57 million. Block — The payments stock tumbled 20% after Block reported disappointing first-quarter revenue and issued weak guidance due to macro uncertainty. Block posted top-line results of $5.77 billion, while analysts surveyed by LSEG had projected $6.20 billion. Maplebear — Shares of the grocery delivery company, which does business as Instacart, rallied 13% on strong second-quarter guidance. Maplebear called for adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA, to come in between $240 million and $250 million during the period, while analysts polled by FactSet forecast $234.8 million. That overshadowed slight misses on both top and bottom lines in the first quarter. Five Below — The discount retailer stock gained about 12% after the company increased its first-quarter net sales guidance. Five Below now expects around $967 million, compared to its previous forecast of $905 million to $925 million. GoDaddy — The domain registrar company tumbled more than 7% after issuing weaker-than-expected top-line estimates for the current quarter. GoDaddy expects revenue to range between $1.195 billion and $1.215 billion in the second quarter. Analysts surveyed by FactSet estimated $1.21 billion. Dexcom — The maker of glucose monitoring systems surged 15% after posting first-quarter revenue that narrowly topped expectations. Dexcom posted revenue of $1.04 billion, while FactSet consensus estimates sought $1.02 billion. The company also announced a $750 million share repurchase program. — CNBC’s Pia Singh and Lisa Kailai Han contributed reporting.



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