Today's Morning Movers and Top Ratings: AAPL, AMGN, SQ, NET and More

$Apple(AAPL.US)$ rose by 7% after the company reported a decline in revenue in the first quarter of the year but still exceeded analysts' projections. The tech giant also announced a $110 billion stock buyback program and raised its dividend by 4%.

$Amgen(AMGN.US)$ soared by 13% after the company expressed encouragement upon completing an interim analysis of its mid-stage study of the weight-loss drug MariTide.

$Block(SQ.US)$'s Shares popped 9% a day after the payment services provider reported first-quarter adjusted earnings of 85 cents per share, topping the 72 cents per share expected in a LSEG analyst poll. Revenue was $5.96 billion, beating the consensus estimate of $5.82 billion.

$Cloudflare(NET.US)$ dropped by 13% after releasing largely positive quarterly results, but the unchanged 2024 outlook disappointed most investors.

$Expedia(EXPE.US)$ slipped 11% after the company issued lower-than-expected guidance for its fiscal second quarter, with executives pointing to its Vrbo segment as a drag on its results. Firms including BMO Capital Markets and Piper Sandler downgraded the stock following the quarterly results.

$Fortinet(FTNT.US)$: The security stock plunged 8% after the midpoint of its second-quarter billings forecast came in lighter than analysts had expected. However, the company beat analyst expectations for the first quarter.