Welcome to Extreme Investor Network, where we bring you the latest trends and news in the finance world. Today, we are taking a closer look at some of the top companies making headlines before the bell.
Amazon, the e-commerce giant, saw a 7% increase in stock after posting stronger-than-expected earnings, driven by robust cloud and advertising growth. Revenues for its Amazon Web Services grew 19% year-over-year, solidifying its position in the market.
Apple, on the other hand, saw a slight drop of 1.6% despite surpassing top-and-bottom line estimates for the recent quarter. The technology giant showed 6% revenue growth, but net income declined due to a one-time charge connected to a tax decision in Europe.
Atlassian, a software company, surged more than 21% following better-than-expected quarterly results for the fiscal first quarter. The company raised its revenue growth forecast for the full year, showcasing its strong performance in the market.
Intel shares rallied more than 5% on stronger-than-expected earnings and upbeat guidance. The chipmaker’s adjusted earnings of 17 cents a share on $13.28 billion in revenue exceeded analysts’ expectations.
Abbott Laboratories saw a 5% rise in its stock after being cleared of liability in a baby formula case by a jury in Missouri. However, there are still pending cases against the biotech company.
Boeing’s shares gained 2% after reaching a new agreement with its union to end a seven-week long strike. The deal includes 38% raises over the next four years, with a vote on the proposal scheduled for Monday.
These are just a few of the companies making waves in the finance world. Stay tuned to Extreme Investor Network for more insights and updates on the latest market trends.