Check out the companies that make news before the bell:
Deere (DE): The heavy equipment maker reported quarterly earnings of $ 5.32 per share, compared to a consensus estimate of $ 4.58, and its revenue also exceeded expectations. Deere rose 1.1% in premarket trade as it also boosted its year-over-year profit forecast due to strong demand for agricultural equipment.
Foot Locker (FL): Foot Locker shares rose 6.2% in the pre-market after the sportswear and footwear maker reported better-than-expected second-quarter results. Foot Locker earned a tight adjustment of $ 2.21 per share, compared to a consensus estimate of $ 1.01, and comparable store sales increased 6.9%. Analysts had expected a slight decline in comp sales.
Buckle (BKE): Fashion accessories retailer surpassed estimates by 18 cents with quarterly earnings of $ 1.04 per share and revenue above estimates as the company benefited from more face-to-face purchases . Shares jumped 4.6% in premarket trading.
Spotify (SPOT): The music streaming service announced that its board approved the $ 1 billion repurchase of shares. Chief Financial Officer Paul Vogel said the measure demonstrates the company’s confidence in its business and long-term growth opportunities. Spotify added 1.1% to the premarket.
Applied Materials (AMAT): The semiconductor manufacturing equipment maker exceeded estimates by 13 cents, with an adjusted quarterly profit of $ 1.90 per share and revenue also exceeds analysts ’predictions. It also gave a better-than-expected outlook, but Applied Materials shares fell 1.3% in premarket trading.
Ross Stores (ROST): The discount retailer reported a quarterly profit of $ 1.39 per share, surpassing the consensus estimate of 98 cents, and also reported better-than-expected revenue. However, its earnings forecasts for the current quarter and full year were lower than analysts ’forecasts, and equities fell 4% in pre-market equities.
Johnson & Johnson (JNJ) – CEO Alex Gorsky announced his plans to step down on Jan. 3, with company veteran Joaquin Duato and Gorsky taking over as executive chairman.
Lordstown Motors (RIDE) – Electric vehicle maker shares rose 2.1% in the pre-market, recovering a small part from the 9.5% drop on Thursday that had brought stocks to a minimum since bag. This took place after the annual shareholder meeting which lasted only 10 minutes.
Adobe (ADBE): The software maker announced an agreement to buy the Frame.io cloud-based video collaboration platform for $ 1.75 billion in cash. The acquisition will be used to expand the capabilities of Adobe’s Create Cloud software package.
Petco (WOOF) – Petco added 2.1% to the pre-market to gain 3.6% on Thursday, with Credit Suisse improving the pet retailer’s shares to “surpass” them by ” neutral “. Credit Suisse said it is more positive in Petco’s business outlook after the company’s optimistic earnings report.
Mosaic (MOS) – The fertilizer producer was upgraded to “buy” to “maintain” HSBC, based on the expected benefits of higher fertilizer prices.