Business

Deere, HP, Nordstrom and others

Check out the companies that make headlines before the call:

Deer (Germany) – A heavy equipment manufacturer reported higher-than-expected earnings and revenue for the last quarter and issued an optimistic outlook. Deere said it has benefited from positive farm fundamentals and increased investment in infrastructure. Its shares jumped 4.2% in premarket trading.

related investment news

The Pros' Choice: Watch All Big Stock Announcements Tuesday on CNBC

CNNBC Pro
The Pros’ Choice: Watch All Big Stock Announcements Tuesday on CNBC

HP Inc. (HPQ) – HP rose 3.1% in premarket after announcing that it would cut up to 10% of its 61,000 workforce over the next three years due to a prolonged downturn in personal computer demand. The computer maker also reported higher-than-expected earnings and revenue for the latest quarter.

nordstrom (JWN) — Nordstrom outperformed upper and lower bound forecasts for the last quarter, but its shares fell 8.3% after the retailer said sales had slowed over the past few months. Nordstrom also cut its earnings forecast for the fiscal year ending in January.

Manchester United (MANU) – Manchester United shares rose another 9.5% in premarket trading after a 14.7% jump yesterday after the football club said it was considering strategic options, including a possible sale.

Autodesk (ADSK) — Autodesk compared top and bottom scores in its latest quarterly report, but the design software maker has posted weaker-than-expected guidance for the current quarter. Autodesk noted the difficult economic environment and said customers are less likely to sign long-term contracts. Shares fell 9.8% in premarket trading.

Assume (GES) – Guess shed 6.1% in premarket trading after reporting weaker-than-expected quarterly earnings and downgrading guidance. The clothing company pointed to a difficult retail situation and the impact of a stronger US dollar, although it said it was well positioned for the holiday season.

Credit Suisse (CS) – Shares of the Swiss bank tumbled 4.4% in premarket trading after it warned of a $1.6 billion quarterly loss as customers withdraw their money from Credit Suisse amid concerns about its financial health. Shareholders of Credit Suisse approved a $4.2 billion capital raise intended to bolster the company’s financial position.

Tesla (TSLA) – Tesla added 2.7% in premarket trading after Citi upgraded the stock from Sell to Neutral, citing the valuation. Tesla has lost about 50% of its value this year.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button