Stocks making the biggest moves premarket: Amazon, Apple, Atlassian and more

Here’s a look at the companies that caught everyone’s attention before market opening.

Amazon — The e-commerce titan’s shares soared 7% following its impressive earnings that surpassed expectations along with solid growth in cloud and advertising. Amazon Web Services revenue experienced a 19% YoY increment.

Apple — Despite exceeding top and bottom line forecasts for the recent quarter and a 6% revenue growth, shares fell 1.6%. The net income reduction was due to a one-time charge connected to a tax decision in Europe.

Atlassian — Propelled by its commendable quarterly results, the software company’s share price surged over 21%. Posting 77 cents per share with a revenue of $1.19 billion, Atlassian surpassed the market expectations. They have also updated their revenue growth forecast for the entire year.

Intel — With impressive earnings and positive guidance, shares jumped more than 5%. Surpassing analysts’ predictions, the chipmaker posted 17 cents per share adjusted earnings on $13.28 billion revenue.

Abbott Laboratories — The biotech firm’s shares climbed 5% after a Missouri jury ruled in its favor over a baby formula dispute.

Boeing — The company’s shares increased by 2% following a new offer made to its union to end a seven-week strike. The proposed deal includes 38% raises over the next four years.

Avis Budget — Despite the Q3 earnings failing to meet Wall Street estimates, resulting in a slight 1.5% dip in share price, the car rental company reported revenues of $3.48 billion per share.

Chevron — The oil behemoth’s stock rose by 2% as it outperformed Wall Street’s Q3 estimates and returned more than $7 billion to shareholders via buybacks and dividends.

Super Micro Computer — The AI server maker’s shares slid by 3% following Ernst & Young’s exit as their auditor citing concerns about accounting practices.

Exxon Mobil — Exxon’s shares rose nearly 2% after Q3 earnings exceeded expectations. With an EPS of $1.92, excluding items, their production reached a 40-year high. However, their revenue of $90 billion fell slightly short of analysts’ predictions.

Juniper Networks — Shares dropped slightly as the preliminary Q3 earnings and revenue eclipsed estimates but did not provide any financial guidance for 2024 due to its impending acquisition by Hewlett Packard Enterprise.