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Discover the companies that make the headlines before the bell:
Deere – The heavy equipment builder announced an adjusted quarterly profit of $ 2.71 per share, exceeding the consensus estimate of $ 2.85 per share. Turnover also fell short of expectations as the company said some farmers were delaying their purchases due to uncertainties in the export market.
Applied Materials – Applied materials posted an adjusted quarterly profit of 74 cents per share, or 4 cents per share above estimates. The semiconductor manufacturing equipment manufacturer's revenues also exceeded Wall Street's forecast. However, the company warned that the recovery of the memory chip market would be unlikely to happen before next year.
Nvidia – Nvidia beat estimates of 9 cents per share, with adjusted quarterly profit of $ 1.24 per share. Revenues also outpaced expectations, driven by the demand for newer high-end graphics chips designed for video games.
General Electric – GE CEO Larry Culp bought 252,000 additional shares of GE at an average price of $ 7.93 per share, following the purchase of shares earlier this week. That followed an 11.3% decline in the title on Thursday following a critical report on GE from investor Harry Markopolos.
Facebook – Facebook has been charged in a lawsuit for failing to warn users of the dangers of its single sign-on tool, which can be used to access third-party applications and services by using login credentials. Facebook connection.
According to the Wall Street Journal, Capital One employees – preoccupied with problems within the company's cybersecurity unit, were facing a recent data breach. Problems include high turnover of executives and staff, and inability to properly install software to detect and defend against hacking.
Dillard's – Dillard's announced an adjusted quarterly loss of $ 1.74 per share, higher than the 70-cent loss per share estimated by analysts. Retailer revenues were slightly lower than expected, with same store sales down 1%.
Tapestry – Tapestry was downgraded to "neutral" from "outperformed" at Credit Suisse and "neutral" from "buy" to Goldman Sachs, which also removed the clothing manufacturer's stock from its "Conviction Buy" list. This follows Tapestry's earnings report in which the company said the performance of its Coach unit was strong, but that there were still problems with the Kate Spade brand.
Merck – The drug manufacturer's stock was deemed "outperforming" in the new coverage at Leerink. The rating is based on optimism regarding widespread use of Keytruda's anti-cancer drug, among other factors.
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