Find out which companies are making the 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 was slightly lower than analysts’ forecast. Deere said strong demand for its products helped cushion the impact of a month-long workers’ strike. Deere grew 3.7% in pre-release.
Nordstrom (JWN) – Nordstrom fell 25% in pre-market trading after reporting earnings of 39 cents a share for its most recent quarter, below the consensus estimate of 56 cents. The retailer was hit by rising labor costs and inventory issues and said inventories were particularly short in women’s clothing and footwear, where demand rebounded more strongly than expected.
Gap (GPS) – Gap reported adjusted quarterly earnings of 27 cents per share, well below the 50 cents analysts had expected, and also lowered its guidance for the full year. The clothing retailer has been hit by higher shipping costs, as well as prolonged factory closures in Vietnam, where it sources around 30% of its products. The spread plunged 20% in pre-market trading.
Booking Holdings (BKNG) – The parent company 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 forecast by 18 cents with adjusted quarterly earnings of $ 1.72 per share. The software company also gave optimistic forecasts for the current quarter amid growing global demand for cloud computing services. Nonetheless, the stock slipped 2.6% in pre-market action.
HP Inc. (HPQ) – HP Inc. broke consensus 6 cents with adjusted quarterly earnings 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 pre-market trading.
Dell Technologies (DELL) – Dell reported adjusted quarterly earnings of $ 2.37 per share, beating the consensus estimate of $ 2.18 as Dell saw strong demand for its personal computers and servers. Dell has also released a stronger-than-expected forecast for the current quarter. Dell added about 2% in the pre-market.
Pure Storage (PSTG) – Pure Storage jumped 11.1% in pre-market trading after beating estimates by 10 cents with adjusted quarterly profit of 22 cents per share. The flash storage system maker also posted a better-than-expected revenue outlook for the current quarter.
Chevron (CVX) – The power producer was outperformed for “outperforming” relative to “sector performance” from RBC Capital Markets, which said Chevron had a relatively stable portfolio compared to its industry peers.
Jack In The Box (JACK) – The restaurant chain’s stock has been downgraded to ‘hold’ versus ‘buy’ at Stifel Financial, indicating a number of factors including weak comparable restaurant sales . Jack In The Box slipped 3% in pre-release.