Today's Pre-Market Movers and Top Ratings | AAPL, XOM, CVX, and More

$Apple (AAPL.US)$ rose 4.2% in premarket trading. Apple's performance in the first quarter exceeded analysts' expectations, with strong service revenue helping to offset the impact of lower-than-expected iPhone sales. The company's service revenue continued to grow significantly, partly due to services such as Apple Music and iCloud. Despite a slight dip in iPhone sales, Apple's overall sales still increased for the quarter.

$Exxon Mobil (XOM.US)$'s stock edged up after the company reported fourth-quarter earnings that beat analysts' expectations. Exxon Mobil earned $1.72 per share (excluding special items), which surpassed the London Stock Exchange's estimated $1.56 per share. However, revenue was $83.43 billion, below the widely anticipated $86.63 billion. Pre-market stock prices remained virtually unchanged.

$Intel (INTC.US)$ rose 1.4% in premarket trading. The company's fourth-quarter earnings slightly exceeded expectations, sending its shares up by 1.5%. The chipmaker reported earnings per share of 13 cents (excluding items), which was above the 12 cents that analysts surveyed by FactSet had forecast.

$Atlassian (TEAM.US)$'s stock price soars 20%. After the company's quarterly report and forecasts both exceeded expectations, Atlassian reported an adjusted earnings per share of $0.96 and revenue of $1.29 billion for the second fiscal quarter. Analysts surveyed by LSEG had expected earnings per share of $0.76 and revenue of $1.24 billion.

$Chevron (CVX.US)$ fell by 1% in premarket trading. Chevron reported an adjusted earnings per share (EPS) of $2.06, missing analysts' estimates of $2.11. The weakness was attributed to its refining operations, which posted a loss for the first time in four years. Meanwhile, revenue reached $52.23 billion, exceeding the market consensus of $46.75 billion.

$Beazer Homes USA (BZH.US)$ fell by 11% in premarket trading. The company reported first-quarter earnings that missed expectations, with earnings per share (EPS) of 10 cents, which was below the 31 cents that analysts had anticipated. On the other hand, revenue came in at $468.9 million, exceeding the widely expected $464.4 million.