Stock Groups

Deere, Gap, Nordstrom, VMware, HP & more


See which companies are making the headlines even before the bell rings.

Deere & Co. (DE) – The farm equipment maker reported quarterly earnings of $4.12 per share, beating the consensus estimate of $3.90, although revenue came in slightly below analyst forecasts. Deere claimed that solid demand for its products helped offset the negative effects of a prolonged workers strike. Deere gained 3.7% on the premarket.

Nordstrom (JWN) – Nordstrom plummeted 25% in premarket trading after it reported earnings of 39 cents per share for its latest quarter, shy of the 56 cent consensus estimate. According to the retailer, rising labor costs and inventory challenges caused Nordstrom’s drop in premarket trading. It reported that its inventories were low in footwear and women’s apparel where there was more demand than anticipated. 

Gap (GPS) – Gap reported adjusted quarterly profit of 27 cents per share, well short of the 50 cents analysts had been anticipating, and also cut its full-year forecast. Higher shipping costs and extended factory closings in Vietnam, where 30% of the apparel retailer’s products are made, have caused increased shipping costs. In premarket trading, Gap fell 20%

Booking Holdings (BKNG) – The parent 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 forecasts by 18 cents with adjusted quarterly earnings of $1.72 per share. A positive outlook for the current quarter was also provided by VMware, citing growing global demand in cloud computing services. The stock fell 2.6% during premarket trading.

HP Inc. (HPQ) – HP Inc. came in 6 cents above consensus with adjusted quarterly profit 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. In premarket trading, HP rose 5.6%.

Dell Technologies (DELL) – Dell reported adjusted quarterly earnings of $2.37 per share, beating the $2.18 consensus estimate, with Dell seeing strong demand for its personal computers and servers. Dell issued an optimistic current quarter forecast that was stronger than anticipated. The premarket saw Dell add about 2%.

Pure Storage (PSTG) – Pure Storage surged 11.1% in premarket trading after beat estimates by 10 cents with adjusted quarterly profit of 22 cents per share. This flash-based storage system manufacturer also released a stronger-than-expected quarter-end revenue outlook. 

Chevron (CVX) – The energy producer was upgraded to “outperform” from “sector perform” at RBC Capital Markets, which said Chevron has a relatively stable portfolio compared to its industry peers.

Jack In The Box (JACK) – The restaurant chain’s stock was downgraded to “hold” from “buy” at Stifel Financial, which points to a number of factors including weak comparable restaurant sales. Jack In The Box saw a 3% decline in the premarket.