Check out the companies making headlines before the market opens. Amazon — Shares rose 7% after the e-commerce giant reported stronger-than-expected earnings and strong cloud and advertising growth. Amazon Web Services revenue increased 19% year over year. Apple — Shares of Apple fell 1.6% even though the tech giant beat both revenue and net profit estimates in its latest quarter and posted a 6% revenue increase. Net profit fell as the company took a one-time charge related to a European tax decision. Atlassian – The software company’s fiscal first-quarter results beat expectations, sending the company’s stock soaring more than 21%. Atlassian earned 77 cents per share excluding projects on revenue of $1.19 billion. Analysts polled by FactSet expected earnings of $64 per share and revenue of $1.16 billion. The company also raised its full-year revenue growth forecast. Intel — Shares rose more than 5% on stronger-than-expected earnings and upbeat guidance. The chipmaker reported adjusted earnings of 17 cents per share on revenue of $13.28 billion. That beat analysts polled by LSEG who expected a loss of 2 cents a share and revenue of $13.02 billion. Abbott Laboratories — Shares of the biotechnology company rose 5% after a Missouri jury found Abbott not liable in an infant formula case. There are other similar cases pending against Abbott. Boeing Co. – Shares of Boeing Co. rose 2% after agreeing to a new proposal with unions as the company looks to end a seven-week strike. The deal would include a 38% pay increase over the next four years, with a vote on the proposal scheduled for Monday. Avis Budget — Shares fell 1.5% after the car rental company reported third-quarter profit that fell short of Wall Street estimates. Earnings per share were $1.53, lower than the $8.18 expected by analysts polled by LSEG. The company reported earnings of $3.48 billion per share, compared with LSEG’s forecast of $3.53 billion. Chevron — Shares of the oil giant rose 2%. Chevron’s third-quarter results beat Wall Street expectations and returned more than $7 billion to shareholders through buybacks and dividends. Super Micro Computer — Shares of the maker of artificial intelligence servers fell 3% so far this week after the company disclosed Ernst & Young resigned as its auditor over concerns about its accounting practices and its independence. It has fallen more than 38%. Exxon Mobil – Shares of Exxon Mobil rose nearly 2% after the oil giant’s third-quarter profit beat Wall Street expectations and hit its highest production level in more than 40 years. ExxonMobil reported earnings of $1.92 per share excluding items, while analysts polled by LSEG expected earnings of $1.88 per share. However, the company’s revenue of $90 billion was slightly below analysts’ forecasts of $93.94 billion. Juniper Networks — Shares fell slightly. Juniper Networks reported preliminary third-quarter profit and revenue that beat expectations but did not provide financial guidance for 2024, citing the company’s impending acquisition by Hewlett Packard Enterprise. Juniper’s adjusted earnings per share were 48 cents, beating the StreetAccount consensus estimate of 45 cents per share. Revenue reached $1.33 billion, beating the FactSet estimate of $1.26 billion. —CNBC’s Jesse Pound, Sean Conlon, Pia Singh and Sarah Min contributed reporting
