Stock Groups

Deere, Foot Locker, Palo Alto Networks and more


The Deer & Co. John Deere 8R fully autonomous tractor is displayed ahead of the Consumer Electronics Show (CES) on January 4, 2022 in Las Vegas, Nevada.

Patrick T. Fallon | AFP | Getty Images

These are the headline-grabbing companies in midday trading.

Deere — The stock plummeted 11.4% after Deere reported a miss on revenue but a beat on profit in the recent quarter. Equipment maker Deere reported earnings per share at $6.81, on revenue of $12.03 trillion. Analysts had expected $6.71 per Share on revenue of $13.2 billion.

Palo Alto Networks — Shares of the cybersecurity company jumped 7.4% after it beat analyst estimates on the top-and-bottom lines in the recent quarter and raised its outlook for the current quarter.

Ross Stores – Shares of the discount retailer slid 21% after the company posted weaker-than-expected earnings and revenue for its latest quarter and issued weak financial guidance due to inflationary pressures and other macroeconomic conditions.

Applied Materials — The semiconductor equipment manufacturer’s stock fell 6.3% after reporting a miss on earnings and revenue in the second quarter. Applied Materials’ guidance was also weak for the current quarter, due to China lockdowns and supply chain issues.

Match GroupMatch, the dating app announced that it reached a temporary arrangement with Alphabet to pay its payments. This resulted in a 1% increase in stock. This deal prevents Match from being forced to use Google Play Billing to pay for paid apps and permits apps like Tinder to stay in the Google Play Store.

Eli Lilly – The drugmaker’s shares gained 3% after the Committee for Medicinal Products for Human Use in Europe recommended approval of the company’s centrally authorized treatment for adults with severe Alopecia Areata. Additional regulatory decisions are expected in Japan and the U.S. this year.

Foot Locker – Shares of the athletic footwear and apparel retailer rose nearly 2% after the company reported better-than-expected quarterly earnings. Foot Locker’s adjusted quarterly profit was $1.60 per share. This is 5 cents higher than estimates from Refinitiv. The same-store sales fell less than half what analysts expected.

Hewlett Packard Enterprise — Shares fell 8% after Bank of America downgraded the stock to neutral from a buyIt faces increasing supply chain problems. – The expense management company’s stock rose about 1% after JPMorgan initiated coverage with a buy rating. This firm was called a “bona fide growth stock” that deserves a premium multiple.

VF Corp. — The owner of apparel brands like such as North Face, Timberland and Supreme added 3.2% despite reporting a slight small miss on the top and bottom lines in the recent quarter.

Deckers Outdoor — Shares of the footwear company jumped 10.2% after beating estimates on the top and bottom lines in the recent quarter. Deckers posted revenues of $736 millions and earned $2.51 per stock. Consensus estimated earnings to be $1.32 per shares on revenues of $639 millions.

— CNBC’s Jesse Pound, Tanaya Macheel and Yun Li contributed reporting