Take a look at the companies that appear in the headlines before the bell:
Foot Locker (FL) – The sports shoes and clothing retailer reported adjusted quarterly earnings of $ 1.60 per share, 5 cents above forecasts. Revenues were slightly below forecasts, and sales in the same store fell by less than half of what analysts expected. Shares of Foot Locker added 1% to pre-markets.
Deere (Germany) – Shares of the heavy equipment manufacturer fell 4.4% in pre-market trading after quarterly earnings missed Street forecasts. Deere surpassed earnings forecasts by 10 cents at $ 6.81 a share as a jump in harvest prices around the world helped boost demand. The company also raised its annual profit forecast.
DoorDash (DASH) – Door Dash has announced the approval of a $ 400 million share repurchase program. The food delivery company said the move would offset the dilution stemming from the employee compensation program. Shares added 2.2% in pre-market action.
VF Corp. (VFC) – VF shares added 2.6% in pre-market trading despite slight gaps in the top and bottom lines for the last quarter. The company behind clothing brands such as North Face, Vans and Timberland has raised its full-year earnings forecast based on expectations that there will be no additional Covid-19 blockages to affect production and that there will be no inflation. to get worse.
Deckers Outdoor (DECK) – Deckers grew 13.8% in preliminary markets after the footwear company surpassed the above and final estimates for its last quarter. Deckers earned $ 2.51 per share, compared to the consensus estimate of $ 1.32, as net earnings more than doubled a year earlier.
Boeing (BA) – Boeing has risen 2% in preliminary operations following the successful launch of its Starliner, which is now heading to the International Space Station. The unmanned flight came months later.
Ross Stores (ROST) – Ross Stores collapsed 27.4% in the pre-market after the retailer with discounts posted gaps on the highest and final results for its last quarter and gave a lower forecast. Ross Stores said inflationary pressures had escalated from the conflict in Ukraine and that it was issuing conservative guidelines due to uncertain macroeconomic conditions.
Palo Alto Networks (PANW) – Palo Alto Networks rose 12.1% in pre-market trade after the cybersecurity company reported better-than-expected earnings and revenue for the last quarter. He also raised his guidelines for the third year in a row.
Applied materials (AMAT) – Shares of the semiconductor equipment manufacturer fell 1.2% on the over-the-counter market after missing the above and final estimates for the last quarter. The company also published a weaker-than-expected forecast. Problems with the supply chain of applied materials have been exacerbated by the blockade of Covid-19 in China.
Ollie’s Bargain Outlet (OLLI). BofA bases its recommendation on a significant improvement in the supply of finished goods due to over-ordering from retailers and a decline in consumer spending on durable goods.
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