Sam Boughedda

Investing.com — U.S. equities are down overall Friday lunchtime. Below are Friday’s midday moves for May 20th.

• Ross Stores Inc (NASDAQ:) fell 22% following it missing revenue and earnings estimates. It posted its results after close on Thursday. Discount store chain also offered downbeat guidance, stating that the Russia-Ukraine conflicts has accelerated inflationary pressures.
• Deere & Company(NYSE:) The agricultural machinery manufacturer company fell 11% in the wake of missing Wall Street analysts revenue estimates. However, the company posted $6.81 per shares and raised its annual profit forecast.
• Foot locker (NYSE:) beat estimates of $1.50 to surpass quarterly profit estimates at $1.60 per shares. Also, the company stated it anticipates reaching the highest end of 2022’s earnings and sales range. Foot Locker shares rose by more than 9% during the previous session, but are now up 1.8%.
• Cybersecurity company Palo Alto Networks(NASDAQ:) The company beat revenue and profit estimates after it published data on Thursday. Full-year guidance was also issued by the company. Shares are up by more than 8 percent at the midday.
• AppleThe stock initially rose in Friday’s session, but has fallen 0.2% since then. In a note to clients, Dan Ives from Wedbush stated that Apple is a strong name right now.
• Applied MaterialsThe stock of (NASDAQ:) fell 4.8% following a company failure to meet its forecasts. According to the company, although demand remains strong, there are ongoing supply chain problems.