Draftkings Inc (NASDAQ:DKNG) shares rose about 4% after the company reported mixed first quarter results, with stronger-than-expected revenue offset by a slight earnings miss.
The online sports betting and gaming company posted revenue of $1.65 billion for the quarter ended March 31, up 17% from $1.41 billion a year earlier and modestly ahead of analyst expectations of about $1.64 billion.
Block Inc (NYSE:SQ) shares rose about 6.5% after it reported stronger-than-expected first-quarter 2026 earnings, highlighted by solid profit growth and improved margins, despite a slight revenue miss.
Block (XYZ) reported adjusted earnings per share of $0.85, above analyst expectations of $0.68. Revenue came in at $6.06 billion, slightly below consensus estimates of $6.12 billion.
Coinbase Global Inc (NASDAQ:COIN) reported weaker-than-expected first-quarter 2026 results, as lower crypto trading activity and investment-related losses weighed on and earnings.
For the quarter ended March 31, Coinbase posted an adjusted loss of $1.49 per share, far below estimates of earnings per share of $0.27.
CoreWeave (NASDAQ:CRWV) reported strong first quarter revenue growth that topped Wall Street expectations, but shares fell sharply as wider-than-expected losses and softer forward guidance weighed on sentiment.
Revenue for the quarter reached $2.08 billion, up 112% from $982 million a year earlier and ahead of analyst estimates of about $1.97 billion, driven by continued demand for its AI infrastructure and cloud computing services.
Cloudflare (NYSE:NET) reported first-quarter 2026 results on May 7, beating analyst expectations for both revenue and earnings, but shares fell sharply after the company issued softer near-term guidance and announced a significant restructuring tied to an AI-focused operating model shift.
Shares of Cloudflare were down more than 21% at about $202 on Friday morning.
Alvopetro Energy Ltd (TSX-V:ALV, OTC:ALVOF, FRA:A6Y0) reported higher first quarter revenue, earnings and production as increased natural gas sales volumes in Brazil helped drive record quarterly sales for the company.
The Calgary-based oil and gas producer said total average daily sales reached a record 3,128 barrels of oil equivalent per day (boepd) in the three months ended March 31, up 28% from a year earlier and 9% from the prior quarter.
Abacus Global Management (NYSE:ABX) has reported higher first quarter revenue and earnings and raised its full-year adjusted net income guidance as growth in its longevity-focused investment business continued to drive results.
The Orlando-based financial services company posted first-quarter revenue of $59.4 million, up 35% from $44.1 million a year earlier, driven primarily by growth in its Life Solutions segment.