Business

Deere, Gap, Nordstrom, VMware, HP and others

Check out which companies hit the headlines before the call:

Deere & Co. (DE) – The farm equipment maker reported quarterly earnings of $ 4.12 a share, beating the consensus of $ 3.90, although revenue was slightly below analysts’ forecasts. Deere said strong demand for its products helped cushion the impact of a month-long worker strike. Deere premarket shares rose 3.7%.

Nordstrom (JWN) – Nordstrom tumbled 25% premarket after the company reported earnings of 39 cents per share for the last quarter, below the 56 cents consensus. The retailer has been hit by rising labor costs and inventory problems and said stocks of women’s clothing and footwear are particularly limited, with demand rebounding more than he expected.

The Gap (GPS) – The Gap reported adjusted quarterly earnings of 27 cents per share, well below analysts’ expectations of 50 cents, and also lowered its full-year forecast. The apparel retailer has been hit by higher shipping costs as well as prolonged closures of factories in Vietnam, where it purchases about 30% of its products. The premarket gap has decreased by 20%.

Booking Holdings (BKNG), the parent company of Priceline and other online travel services, buys Swedish travel agency Etraveli from private equity firm CVC Capital for $ 1.83 billion.

VMware (VMW) – VMware beat forecasts by 18 cents on adjusted quarterly earnings of $ 1.72 per share. The software company also gave an upbeat forecast for the current quarter amid growing global demand for cloud computing services. However, shares fell 2.6% premarket.

HP Inc. (HPQ) – HP Inc. came 6 cents above consensus with adjusted quarterly earnings of 94 cents a share, with the computer maker also issuing good guidance as consumer and business demand for personal computers and printers remains strong. HP shares jumped 5.6% premarket.

Dell Technologies (DELL) – Dell reported adjusted quarterly earnings of $ 2.37 per share, beating the $ 2.18 consensus forecast as Dell sees strong demand for its personal computers and servers. Dell also released a stronger-than-expected forecast for the current quarter. Dell added about 2% in premarket.

Pure Storage (PSTG) – Pure Storage rose 11.1% in premarket trading after beating estimates by 10 cents on adjusted quarterly earnings of 22 cents per share. The flash storage maker also released higher-than-expected revenue guidance for the current quarter.

Chevron (CVX) – RBC Capital Markets upgraded its power producer rating to Better from Sector Performance, saying Chevron has a relatively stable portfolio compared to industry peers.

Jack In The Box (JACK) – The restaurant chain was downgraded by Stifel Financial from Buy to Buy, indicating a number of factors, including weak LFL sales for the restaurants. Jack In The Box shares fell 3% in premarket.


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