Apple, Roblox, Roku and Reddit stocks swing after earnings and guidance
Updated
Updated · CNBC · Apr 30
Apple, Roblox, Roku and Reddit stocks swing after earnings and guidance
13 articles · Updated · CNBC · Apr 30
After hours, Apple rose 2%, Roku 6% and Reddit more than 8%, while Roblox plunged 21% after cutting full-year bookings guidance to $7.33bn-$7.60bn.
Apple beat fiscal second-quarter forecasts with earnings of $2.01 a share on $111.18bn revenue, though iPhone sales missed estimates again; Roku and Reddit also topped expectations and issued strong outlooks.
The moves reversed Apple’s earlier post-results dip and came amid wider earnings-driven trading, with Twilio up 18% while Amgen, Western Digital, Dexcom and Sandisk fell despite generally beating estimates.
With Apple’s premium valuation and new risks, is the market right to question its future growth despite record earnings and buybacks?
How might Apple’s massive AI investments and regulatory scrutiny reshape its business model and long-term investor appeal?