Stocks making the biggest moves premarket: Apple, Atlassian, Walgreens, Deckers and more
Check out the companies making headlines in premarket trading. Apple — Stock in the iPhone maker climbed 4%. Apple’s first-quarter results surpassed analyst estimates on the top and bottom line on Thursday, with the company’s strong services revenue helping to offset weaker-than-expected iPhone sales. Chevron — The oil giant’s stock fell more than 1% after it missed on earnings in the fourth quarter. Chevron reported adjusted earnings of $2.06 per share, while analysts had forecast $2.11 per share, according to LSEG. The weakness was attributed to its refining business, which posted its first loss in four years. Meanwhile, revenue came in at $52.23 billion, topping the consensus call for $46.75 billion. Intel — Shares ticked up 1.5% after marginally beating fourth-quarter earnings expectations. The chipmaker posted earnings per share of 13 cents, excluding items, while analysts polled by FactSet forecast 12 cents. Walgreens Boots Alliance — Shares of the beleaguered pharmacy chain slipped nearly 12% after the company said on Thursday that it would suspend its quarterly cash dividend. Walgreens said in a press release that it’s in the midst of “long-term turnaround efforts” and is aiming to strengthen its balance sheet by reducing debt and improving free cash flow. Exxon Mobil — Shares inched higher after the company reported fourth-quarter earnings that beat analyst expectations. Exxon earned $1.72 per share, excluding items, beating an LSEG estimate of $1.56 per share. Revenue, however, came in at $83.43 billion, below the consensus forecast of $86.63 billion. Shares were little changed in the premarket. KLA Corporation — Shares jumped almost 4% after the chip equipment maker’s fiscal second-quarter earnings beat analysts’ estimates. KLA Corp. posted adjusted earnings of $8.20 per share on revenue of $3.08 billion, above the $7.75 per share and $2.94 billion in revenue that analysts surveyed by LSEG were expecting. Beazer Homes — Shares dropped 9% after Beazer Homes posted first-quarter results that fell short of expectations. Per-share earnings of 10 cents missed the 31 cents expected by analysts. On the other hand, revenue of $468.9 million exceeded the $464.4 million consensus estimate. Eastman Chemical — Shares advanced nearly 4% after fourth-quarter earnings beat analyst estimates. Eastman reported earnings per share of $1.87, excluding items, while analysts polled by FactSet were looking for $1.57. The top end of the company’s full-year earnings outlook also beat analyst estimates. Deckers — Shares were down 15% in the premarket despite the Hoka and Ugg parent reporting better-than-expected quarterly results. The company earned $3 per share on revenue of $1.83 billion. Analysts polled by LSEG expected a profit of $2.56 per share on revenue of $1.73 billion. The company raised its full-year earnings guidance as well. Atlassian — The software stock surged 20% after both its quarterly report and forecast beat expectations. Atlassian earned 96 cents per share, on an adjusted basis, on $1.29 billion of revenue in its fiscal second quarter. Analysts surveyed by LSEG were projecting a profit of 76 cents per share and $1.24 billion of revenue. — CNBC’s Sean Conlon, Jesse Pound, Pia Singh, Hakyung Kim, Sarah Min and Fred Imbert contributed reporting
