Check out the companies making headlines before the bell:
Deere & Co. (DE) – The farm equipment maker reported quarterly earnings of $4.12 per share, beating the consensus estimate of $3.90, although revenue came in slightly below analyst forecasts. Deere said solid demand for its products helped cushion the impact of a month-long workers strike. Deere rallied 3.7% in the premarket.
Nordstrom (JWN) – Nordstrom plummeted 25% in premarket trading after it reported earnings of 39 cents per share for its latest quarter, shy of the 56 cent consensus estimate. The retailer was hurt by rising labor costs and inventory issues and said inventories were especially short in women’s apparel and shoes, where demand rebounded more strongly than it had expected.
Gap (GPS) – Gap reported adjusted quarterly profit of 27 cents per share, well short of the 50 cents analysts had been anticipating, and also cut its full-year forecast. The apparel retailer has been hit by higher costs for shipping, as well as extended factory closures in Vietnam where it sources about 30% of its products. Gap plunged 20% in premarket trading.
Booking Holdings (BKNG) – The parent of Priceline and other online travel services is buying Swedish travel agency Etraveli from private equity firm CVC Capital for $1.83 billion.
VMware (VMW) – VMware beat forecasts by 18 cents with adjusted quarterly earnings of $1.72 per share. The software company also gave an upbeat current-quarter forecast amid growing global demand for cloud computing services. Nonetheless, the stock slid 2.6% in premarket action.
HP Inc. (HPQ) – HP Inc. came in 6 cents above consensus with adjusted quarterly profit of 94 cents per share, with the computer maker also issuing a strong outlook as consumer and business demand for personal computers and printers remains robust. HP jumped 5.6% in premarket trading.
Dell Technologies (DELL) – Dell reported adjusted quarterly earnings of $2.37 per share, beating the $2.18 consensus estimate, with Dell seeing strong demand for its personal computers and servers. Dell also issued a stronger than expected current-quarter forecast. Dell added about 2% in the premarket.
Pure Storage (PSTG) – Pure Storage surged 11.1% in premarket trading after beat estimates by 10 cents with adjusted quarterly profit of 22 cents per share. The maker of flash-based storage systems also issued a better-than-expected current-quarter revenue outlook.
Chevron (CVX) – The energy producer was upgraded to “outperform” from “sector perform” at RBC Capital Markets, which said Chevron has a relatively stable portfolio compared to its industry peers.
Jack In The Box (JACK) – The restaurant chain’s stock was downgraded to “hold” from “buy” at Stifel Financial, which points to a number of factors including weak comparable restaurant sales. Jack In The Box slid 3% in the premarket.
Off-duty FBI agent fatally shoots person at Metro Center, police say
Ukraine: Russia will defend its interests using all available means, says Putin
Florida State Representative accused of lying to get pandemic relief money
Twitter running major brands’ ads with extremist tweets—until they get flagged
Everyone Will Be Able to Encrypt Their iCloud Backups Soon
‘Wednesday’: Will Tyler Return if There’s a Season 2?
How to Channel Your Rage Into a Workout So You Actually Feel Better
Christian Pulisic celebrates win from hospital bed & vows to be back for last-16
The 2022 Family Office Software Roundup
Deck the Hall With the 15 Best Holiday Decor Deals From Cyber Week
‘Kaleidoscope’: Release Date, Cast, and Everything You Need to Know
Plymouth man arrested for alleged attack outside Faneuil Hall
‘Chicago Fire’: Carver Gets in Trouble, a Familiar Face Returns, and the Team Is in Danger
Three Sure Ways To Beat Inflation This Holiday Season
‘Standout’ Bowdoin student dies from allergic reaction
Sport23 hours ago
Morocco vs Portugal: Stream FREE, TV channel, team news and kick-off time
News23 hours ago
Workers ‘in the fight of their lives for the very NHS itself’, union claims – live
News19 hours ago
Kremlin strives to beat sanctions battering Russia
News21 hours ago
Co-workers mourned after hit-and-run in Stamford kills two
Finance21 hours ago
Bitcoin Price and Ethereum Halt Downtrend; Can BTC Rally to $17,500 Today?
Tech23 hours ago
FB Insta Say They’ll Remove All News If Congress Makes Them Pay for It
News23 hours ago
Watch: Doug Flutie introduces Herschel Walker before his concession speech
Sport24 hours ago
Nick Bollettieri, Hall of Fame tennis coach, dead at 91