Check out the companies that make the headlines before the bell:
Deere & Co. (DE)-This agricultural equipment manufacturer reported quarterly earnings per share of $4.12, higher than the consensus estimate of $3.90, but revenue was slightly lower than analysts’ expectations. Deere said that strong demand for its products helped ease the impact of the month-long workers’ strike. Deere was up 3.7% before the market.
Nordstrom (JWN) – Nordstrom announced its latest quarterly earnings of 39 cents per share, which was lower than the consensus consensus estimate of 56 cents and plunged 25% in pre-market trading. The retailer was affected by rising labor costs and inventory issues, and said that women’s clothing and footwear stocks are particularly short, and the rebound in demand is stronger than expected.
Gap (GPS)-Gap reported an adjusted quarterly profit of 27 cents per share, well below analysts’ expectations of 50 cents, and it also lowered its full-year forecast. The clothing retailer has been hit by rising transportation costs and extended closures of its factories in Vietnam. Approximately 30% of the company’s products come from Vietnam. Gap plunged 20% in pre-market trading.
Booking Holdings (BKNG)-The parent company of Priceline and other online travel services is acquiring Swedish travel agency Etraveli from private equity firm CVC Capital for $1.83 billion.
VMware (VMW)-VMware beat expectations by 18 cents, with adjusted quarterly earnings of $1.72 per share. Due to the growing global demand for cloud computing services, the software company also gave an optimistic current quarterly forecast. Despite this, the stock fell 2.6% in pre-market trading.
Hewlett-Packard Company (HPQ)-HP’s adjusted quarterly profit of 94 cents per share exceeded market expectations by 6 cents. With consumer and business demand for personal computers and printers still strong, this computer manufacturer A strong outlook was also released. HP rose 5.6% in pre-market trading.
Dell Technologies (DELL)-Dell reports adjusted quarterly earnings per share of US$2.37, exceeding the consensus estimate of US$2.18. Dell sees strong demand for its personal computers and servers. Dell also issued stronger-than-expected current quarter forecasts. Dell increased by about 2% before going public.
Pure Storage (PSTG)-Pure Storage surged 11.1% in pre-market trading, beating expectations by 10 cents, and adjusted quarterly profit of 22 cents per share. The manufacturer of flash-based storage systems also released better-than-expected revenue prospects for the current quarter.
Chevron (CVX)-The Royal Bank of Canada Capital Markets upgraded the energy producer from “industry performance” to “outperform”, saying that Chevron has a relatively stable investment portfolio compared to its industry peers.
Jack In The Box (JACK)-The restaurant chain’s stock rating was downgraded from “buy” to “hold” at Stifel Financial, indicating a number of factors, including weak sales of comparable restaurants. Jack In The Box fell 3% before going public.
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