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

by | Jan 31, 2025 | Financial

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 earne …

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