{"id":67709,"date":"2023-05-05T09:06:31","date_gmt":"2023-05-05T13:06:31","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=67709"},"modified":"2023-05-05T09:06:31","modified_gmt":"2023-05-05T13:06:31","slug":"coffee-with-greta-hot-labor-market-apple-beats","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2023\/05\/05\/coffee-with-greta-hot-labor-market-apple-beats\/","title":{"rendered":"Coffee With Greta: Hot Labor Market, Apple Beats"},"content":{"rendered":"<p><b>DJIA Futures: <\/b><span style=\"font-weight: 400;\">+221 (+0.7%)<\/span><\/p>\n<p><b>SPX Futures: <\/b><span style=\"font-weight: 400;\">+33 (+0.8%)<\/span><\/p>\n<p><b>NASDAQ Futures: <\/b><span style=\"font-weight: 400;\">+87 (+0.7%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Good morning friends!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Futures are higher as traders digest a hot jobs report and key earnings.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let\u2019s get right to it!<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Hot Labor Market<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The U.S. economy added far more jobs than expected in April.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Labor Department reported a gain of 253,000 jobs last month vs expectations for 180,000.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The unemployment rate also fell unexpectedly to 3.4% vs expectations for an increase to 3.6%.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That tied for the lowest level since 1969.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Average hourly earnings rose 0.5% monthly and 4.4% annually vs 0.3% monthly and 4.2% annually expected.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The data shows the labor market maintaining strength amid the Fed\u2019s fight against inflation.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Apple Tops Fiscal Q2 Expectations\u00a0<\/span><\/h2>\n<p><b>Apple <\/b><span style=\"font-weight: 400;\">(AAPL) shares are up 2.9% ahead of the open after reporting better-than-expected fiscal Q2 results, driven by strong iPhone sales.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here\u2019s how the iPhone maker\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">EPS $1.52 vs $1.43 expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Revenue: $94.84 billion vs $92.96 billion expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Gross margin: 44.3% vs 44.1% expected<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Here\u2019s how Apple\u2019s revenue broke down by product:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">iPhone revenue: $51.33 billion vs $48.84 billion expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Mac revenue: $7.17 billion vs $7.80 billion expected\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">iPad revenue: $6.67 billion vs $6.69 billion expected\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Other products revenue: $8.76 billion vs $8.43 billion expected\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Services revenue: $20.91 billion vs. $20.97 billion expected\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Apple did not provide official guidance.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The company\u2019s board authorized up to $90 billion in shares buybacks and hiked its dividend 4% to $0.24 per share.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Coinbase Rallies On Q1 Beat<\/span><\/h2>\n<p><b>Coinbase <\/b><span style=\"font-weight: 400;\">(COIN) shares are rallying 9.6% in premarket trade after beating Q1 expectations.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here\u2019s how the crypto exchange\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Loss per share: $0.34 vs $1.45 expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Revenue: $772.53 million vs $655 million expected<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Consumer trading volume plunged 71% year over year but subscription and services revenue more than doubled to $361.7 million.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Coinbase forecast $300 million in Q2 subscription and services revenue and said it plans to focus on cost reduction efforts.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Block Tops Q1 Revenue Expectations<\/span><\/h2>\n<p><b>Block <\/b><span style=\"font-weight: 400;\">(SQ) shares are up 2.8% ahead of the open after beating Q1 revenue expectations.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here\u2019s how the payments company\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Loss per share: $0.40 vs $0.35 earnings per share expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Revenue: $4.99 billion vs $4.6 billion expected<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">That higher than expected revenue was driven by Block\u2019s Cash App mobile payments platform.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Cash App\u2019s gross profit grew 49% year over year and monthly active card actives jumped 34%.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Block\u2019s point-of-sale system Square\u2019s gross profit increased just 16%.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The company raised its full-year adjusted ebitda forecast to $1.36 billion from $1.3 billion previously.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Lyft Plunges On Weak Guidance<\/span><\/h2>\n<p><b>Lyft <\/b><span style=\"font-weight: 400;\">(LYFT) shares are plunging 15.2% in premarket trade after mixed Q1 results and weak Q2 guidance.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here\u2019s how the ride-hailing company\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Loss per share: $0.07 vs $0.06 expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Revenue: $1 billion vs $981 million expected<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Lyft expects Q2 revenue between $1 billion and $1.02 billion vs analysts\u2019 projections for $1.08 billion.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The company anticipates adjusted ebitda between $20 million and $30 million vs analysts\u2019 estimates of $49.3 million.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">DoorDash Jumps After Earnings<\/span><\/h2>\n<p><b>DoorDash <\/b><span style=\"font-weight: 400;\">(DASH) shares are up 4.4% ahead of the open after reporting strong Q1 results.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here\u2019s how the delivery platform\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Loss per share: $0.41 vs $0.58 expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Revenue: $2.04 billion vs $1.93 billion expected<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Total orders jumped 27% year over year to 512 million vs 493 million expected.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">DoorDash hiked its full-year guidance for gross order value to between $63 billion and $64.5 billion, up from $60 billion to $63 billion previously.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DJIA Futures: +221 (+0.7%) SPX Futures: +33 (+0.8%) NASDAQ Futures: +87 (+0.7%) Good morning friends! Futures are higher as traders digest a hot jobs report and key earnings. Let\u2019s get right to it! Hot Labor Market The U.S. economy added far more jobs than expected in April.\u00a0 The Labor Department reported a gain of 253,000 jobs last month vs expectations for 180,000. The unemployment rate also fell unexpectedly to 3.4% vs expectations for an increase to 3.6%.\u00a0 That tied for the lowest level since 1969.\u00a0 Average hourly earnings rose 0.5% monthly and 4.4% annually vs 0.3% monthly and 4.2% annually expected. The data shows the labor market maintaining strength amid the Fed\u2019s fight against inflation. Apple Tops Fiscal Q2 Expectations\u00a0 Apple (AAPL) shares are up 2.9% ahead of the open after reporting better-than-expected fiscal Q2 results, driven by strong iPhone sales.\u00a0 Here\u2019s how the iPhone maker\u2019s results compared to analysts\u2019 estimates:\u00a0 EPS $1.52 vs $1.43 expected Revenue: $94.84 billion vs $92.96 billion expected Gross margin: 44.3% vs 44.1% expected Here\u2019s how Apple\u2019s revenue broke down by product:\u00a0 iPhone revenue: $51.33 billion vs $48.84 billion expected Mac revenue: $7.17 billion vs $7.80 billion expected\u00a0 iPad revenue: $6.67 billion vs $6.69 billion expected\u00a0 Other products revenue: $8.76 billion vs $8.43 billion expected\u00a0 Services revenue: $20.91 billion vs. $20.97 billion expected\u00a0 Apple did not provide official guidance. The company\u2019s board authorized up to $90 billion in shares buybacks and hiked its dividend 4% to $0.24 per share. Coinbase Rallies On Q1 Beat Coinbase (COIN) shares are rallying 9.6% in premarket trade after beating Q1 expectations.\u00a0 Here\u2019s how the crypto exchange\u2019s results compared to analysts\u2019 estimates:\u00a0 Loss per share: $0.34 vs $1.45 expected Revenue: $772.53 million vs $655 million expected Consumer trading volume plunged 71% year over year but subscription and services revenue more than doubled to $361.7 million.\u00a0 Coinbase forecast $300 million in Q2 subscription and services revenue and said it plans to focus on cost reduction efforts. Block Tops Q1 Revenue Expectations Block (SQ) shares are up 2.8% ahead of the open after beating Q1 revenue expectations.\u00a0 Here\u2019s how the payments company\u2019s results compared to analysts\u2019 estimates:\u00a0 Loss per share: $0.40 vs $0.35 earnings per share expected Revenue: $4.99 billion vs $4.6 billion expected That higher than expected revenue was driven by Block\u2019s Cash App mobile payments platform.\u00a0 Cash App\u2019s gross profit grew 49% year over year and monthly active card actives jumped 34%.\u00a0 Block\u2019s point-of-sale system Square\u2019s gross profit increased just 16%.\u00a0 The company raised its full-year adjusted ebitda forecast to $1.36 billion from $1.3 billion previously.\u00a0 Lyft Plunges On Weak Guidance Lyft (LYFT) shares are plunging 15.2% in premarket trade after mixed Q1 results and weak Q2 guidance. Here\u2019s how the ride-hailing company\u2019s results compared to analysts\u2019 estimates:\u00a0 Loss per share: $0.07 vs $0.06 expected Revenue: $1 billion vs $981 million expected Lyft expects Q2 revenue between $1 billion and $1.02 billion vs analysts\u2019 projections for $1.08 billion.\u00a0 The company anticipates adjusted ebitda between $20 million and $30 million vs analysts\u2019 estimates of $49.3 million. DoorDash Jumps After Earnings DoorDash (DASH) shares are up 4.4% ahead of the open after reporting strong Q1 results.\u00a0 Here\u2019s how the delivery platform\u2019s results compared to analysts\u2019 estimates:\u00a0 Loss per share: $0.41 vs $0.58 expected Revenue: $2.04 billion vs $1.93 billion expected Total orders jumped 27% year over year to 512 million vs 493 million expected.\u00a0 DoorDash hiked its full-year guidance for gross order value to between $63 billion and $64.5 billion, up from $60 billion to $63 billion previously.<\/p>\n","protected":false},"author":41,"featured_media":67718,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-67709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coffee With Greta: Hot Labor Market, Apple Beats - T3 Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.t3live.com\/2023\/05\/05\/coffee-with-greta-hot-labor-market-apple-beats\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coffee With Greta: Hot Labor Market, Apple Beats - T3 Live\" \/>\n<meta property=\"og:description\" content=\"DJIA Futures: +221 (+0.7%) SPX Futures: +33 (+0.8%) NASDAQ Futures: +87 (+0.7%) Good morning friends! Futures are higher as traders digest a hot jobs report and key earnings. Let\u2019s get right to it! Hot Labor Market The U.S. economy added far more jobs than expected in April.\u00a0 The Labor Department reported a gain of 253,000 jobs last month vs expectations for 180,000. The unemployment rate also fell unexpectedly to 3.4% vs expectations for an increase to 3.6%.\u00a0 That tied for the lowest level since 1969.\u00a0 Average hourly earnings rose 0.5% monthly and 4.4% annually vs 0.3% monthly and 4.2% annually expected. The data shows the labor market maintaining strength amid the Fed\u2019s fight against inflation. Apple Tops Fiscal Q2 Expectations\u00a0 Apple (AAPL) shares are up 2.9% ahead of the open after reporting better-than-expected fiscal Q2 results, driven by strong iPhone sales.\u00a0 Here\u2019s how the iPhone maker\u2019s results compared to analysts\u2019 estimates:\u00a0 EPS $1.52 vs $1.43 expected Revenue: $94.84 billion vs $92.96 billion expected Gross margin: 44.3% vs 44.1% expected Here\u2019s how Apple\u2019s revenue broke down by product:\u00a0 iPhone revenue: $51.33 billion vs $48.84 billion expected Mac revenue: $7.17 billion vs $7.80 billion expected\u00a0 iPad revenue: $6.67 billion vs $6.69 billion expected\u00a0 Other products revenue: $8.76 billion vs $8.43 billion expected\u00a0 Services revenue: $20.91 billion vs. $20.97 billion expected\u00a0 Apple did not provide official guidance. The company\u2019s board authorized up to $90 billion in shares buybacks and hiked its dividend 4% to $0.24 per share. Coinbase Rallies On Q1 Beat Coinbase (COIN) shares are rallying 9.6% in premarket trade after beating Q1 expectations.\u00a0 Here\u2019s how the crypto exchange\u2019s results compared to analysts\u2019 estimates:\u00a0 Loss per share: $0.34 vs $1.45 expected Revenue: $772.53 million vs $655 million expected Consumer trading volume plunged 71% year over year but subscription and services revenue more than doubled to $361.7 million.\u00a0 Coinbase forecast $300 million in Q2 subscription and services revenue and said it plans to focus on cost reduction efforts. Block Tops Q1 Revenue Expectations Block (SQ) shares are up 2.8% ahead of the open after beating Q1 revenue expectations.\u00a0 Here\u2019s how the payments company\u2019s results compared to analysts\u2019 estimates:\u00a0 Loss per share: $0.40 vs $0.35 earnings per share expected Revenue: $4.99 billion vs $4.6 billion expected That higher than expected revenue was driven by Block\u2019s Cash App mobile payments platform.\u00a0 Cash App\u2019s gross profit grew 49% year over year and monthly active card actives jumped 34%.\u00a0 Block\u2019s point-of-sale system Square\u2019s gross profit increased just 16%.\u00a0 The company raised its full-year adjusted ebitda forecast to $1.36 billion from $1.3 billion previously.\u00a0 Lyft Plunges On Weak Guidance Lyft (LYFT) shares are plunging 15.2% in premarket trade after mixed Q1 results and weak Q2 guidance. Here\u2019s how the ride-hailing company\u2019s results compared to analysts\u2019 estimates:\u00a0 Loss per share: $0.07 vs $0.06 expected Revenue: $1 billion vs $981 million expected Lyft expects Q2 revenue between $1 billion and $1.02 billion vs analysts\u2019 projections for $1.08 billion.\u00a0 The company anticipates adjusted ebitda between $20 million and $30 million vs analysts\u2019 estimates of $49.3 million. DoorDash Jumps After Earnings DoorDash (DASH) shares are up 4.4% ahead of the open after reporting strong Q1 results.\u00a0 Here\u2019s how the delivery platform\u2019s results compared to analysts\u2019 estimates:\u00a0 Loss per share: $0.41 vs $0.58 expected Revenue: $2.04 billion vs $1.93 billion expected Total orders jumped 27% year over year to 512 million vs 493 million expected.\u00a0 DoorDash hiked its full-year guidance for gross order value to between $63 billion and $64.5 billion, up from $60 billion to $63 billion previously.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.t3live.com\/2023\/05\/05\/coffee-with-greta-hot-labor-market-apple-beats\/\" \/>\n<meta property=\"og:site_name\" content=\"T3 Live\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-05T13:06:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2023\/05\/Hot-Labor-Market-Apple-Beats.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Greta Wall\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Greta Wall\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/blog.t3live.com\/2023\/05\/05\/coffee-with-greta-hot-labor-market-apple-beats\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/blog.t3live.com\/2023\/05\/05\/coffee-with-greta-hot-labor-market-apple-beats\/\"},\"author\":{\"name\":\"Greta Wall\",\"@id\":\"https:\/\/blog.t3live.com\/#\/schema\/person\/549aa891c00c384118d8a2190d2c7afe\"},\"headline\":\"Coffee With Greta: Hot Labor Market, Apple Beats\",\"datePublished\":\"2023-05-05T13:06:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/blog.t3live.com\/2023\/05\/05\/coffee-with-greta-hot-labor-market-apple-beats\/\"},\"wordCount\":538,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/blog.t3live.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/blog.t3live.com\/2023\/05\/05\/coffee-with-greta-hot-labor-market-apple-beats\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2023\/05\/Hot-Labor-Market-Apple-Beats.jpg\",\"articleSection\":[\"Coffee With Greta\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/blog.t3live.com\/2023\/05\/05\/coffee-with-greta-hot-labor-market-apple-beats\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blog.t3live.com\/2023\/05\/05\/coffee-with-greta-hot-labor-market-apple-beats\/\",\"url\":\"https:\/\/blog.t3live.com\/2023\/05\/05\/coffee-with-greta-hot-labor-market-apple-beats\/\",\"name\":\"Coffee With Greta: Hot Labor Market, Apple Beats - 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Futures are higher as traders digest a hot jobs report and key earnings. Let\u2019s get right to it! Hot Labor Market The U.S. economy added far more jobs than expected in April.\u00a0 The Labor Department reported a gain of 253,000 jobs last month vs expectations for 180,000. The unemployment rate also fell unexpectedly to 3.4% vs expectations for an increase to 3.6%.\u00a0 That tied for the lowest level since 1969.\u00a0 Average hourly earnings rose 0.5% monthly and 4.4% annually vs 0.3% monthly and 4.2% annually expected. The data shows the labor market maintaining strength amid the Fed\u2019s fight against inflation. Apple Tops Fiscal Q2 Expectations\u00a0 Apple (AAPL) shares are up 2.9% ahead of the open after reporting better-than-expected fiscal Q2 results, driven by strong iPhone sales.\u00a0 Here\u2019s how the iPhone maker\u2019s results compared to analysts\u2019 estimates:\u00a0 EPS $1.52 vs $1.43 expected Revenue: $94.84 billion vs $92.96 billion expected Gross margin: 44.3% vs 44.1% expected Here\u2019s how Apple\u2019s revenue broke down by product:\u00a0 iPhone revenue: $51.33 billion vs $48.84 billion expected Mac revenue: $7.17 billion vs $7.80 billion expected\u00a0 iPad revenue: $6.67 billion vs $6.69 billion expected\u00a0 Other products revenue: $8.76 billion vs $8.43 billion expected\u00a0 Services revenue: $20.91 billion vs. $20.97 billion expected\u00a0 Apple did not provide official guidance. The company\u2019s board authorized up to $90 billion in shares buybacks and hiked its dividend 4% to $0.24 per share. Coinbase Rallies On Q1 Beat Coinbase (COIN) shares are rallying 9.6% in premarket trade after beating Q1 expectations.\u00a0 Here\u2019s how the crypto exchange\u2019s results compared to analysts\u2019 estimates:\u00a0 Loss per share: $0.34 vs $1.45 expected Revenue: $772.53 million vs $655 million expected Consumer trading volume plunged 71% year over year but subscription and services revenue more than doubled to $361.7 million.\u00a0 Coinbase forecast $300 million in Q2 subscription and services revenue and said it plans to focus on cost reduction efforts. Block Tops Q1 Revenue Expectations Block (SQ) shares are up 2.8% ahead of the open after beating Q1 revenue expectations.\u00a0 Here\u2019s how the payments company\u2019s results compared to analysts\u2019 estimates:\u00a0 Loss per share: $0.40 vs $0.35 earnings per share expected Revenue: $4.99 billion vs $4.6 billion expected That higher than expected revenue was driven by Block\u2019s Cash App mobile payments platform.\u00a0 Cash App\u2019s gross profit grew 49% year over year and monthly active card actives jumped 34%.\u00a0 Block\u2019s point-of-sale system Square\u2019s gross profit increased just 16%.\u00a0 The company raised its full-year adjusted ebitda forecast to $1.36 billion from $1.3 billion previously.\u00a0 Lyft Plunges On Weak Guidance Lyft (LYFT) shares are plunging 15.2% in premarket trade after mixed Q1 results and weak Q2 guidance. Here\u2019s how the ride-hailing company\u2019s results compared to analysts\u2019 estimates:\u00a0 Loss per share: $0.07 vs $0.06 expected Revenue: $1 billion vs $981 million expected Lyft expects Q2 revenue between $1 billion and $1.02 billion vs analysts\u2019 projections for $1.08 billion.\u00a0 The company anticipates adjusted ebitda between $20 million and $30 million vs analysts\u2019 estimates of $49.3 million. DoorDash Jumps After Earnings DoorDash (DASH) shares are up 4.4% ahead of the open after reporting strong Q1 results.\u00a0 Here\u2019s how the delivery platform\u2019s results compared to analysts\u2019 estimates:\u00a0 Loss per share: $0.41 vs $0.58 expected Revenue: $2.04 billion vs $1.93 billion expected Total orders jumped 27% year over year to 512 million vs 493 million expected.\u00a0 DoorDash hiked its full-year guidance for gross order value to between $63 billion and $64.5 billion, up from $60 billion to $63 billion previously.","og_url":"https:\/\/blog.t3live.com\/2023\/05\/05\/coffee-with-greta-hot-labor-market-apple-beats\/","og_site_name":"T3 Live","article_published_time":"2023-05-05T13:06:31+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/blog.t3live.com\/wp-content\/uploads\/2023\/05\/Hot-Labor-Market-Apple-Beats.jpg","type":"image\/jpeg"}],"author":"Greta Wall","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Greta Wall","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/blog.t3live.com\/2023\/05\/05\/coffee-with-greta-hot-labor-market-apple-beats\/#article","isPartOf":{"@id":"https:\/\/blog.t3live.com\/2023\/05\/05\/coffee-with-greta-hot-labor-market-apple-beats\/"},"author":{"name":"Greta Wall","@id":"https:\/\/blog.t3live.com\/#\/schema\/person\/549aa891c00c384118d8a2190d2c7afe"},"headline":"Coffee With Greta: Hot Labor Market, Apple Beats","datePublished":"2023-05-05T13:06:31+00:00","mainEntityOfPage":{"@id":"https:\/\/blog.t3live.com\/2023\/05\/05\/coffee-with-greta-hot-labor-market-apple-beats\/"},"wordCount":538,"commentCount":0,"publisher":{"@id":"https:\/\/blog.t3live.com\/#organization"},"image":{"@id":"https:\/\/blog.t3live.com\/2023\/05\/05\/coffee-with-greta-hot-labor-market-apple-beats\/#primaryimage"},"thumbnailUrl":"https:\/\/blog.t3live.com\/wp-content\/uploads\/2023\/05\/Hot-Labor-Market-Apple-Beats.jpg","articleSection":["Coffee With Greta"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/blog.t3live.com\/2023\/05\/05\/coffee-with-greta-hot-labor-market-apple-beats\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/blog.t3live.com\/2023\/05\/05\/coffee-with-greta-hot-labor-market-apple-beats\/","url":"https:\/\/blog.t3live.com\/2023\/05\/05\/coffee-with-greta-hot-labor-market-apple-beats\/","name":"Coffee With Greta: Hot Labor Market, Apple Beats - 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