Deere, Foot Locker, Loop, Spotify and more – .

Deere, Foot Locker, Loop, Spotify and more – .

Find out which companies are making the headlines before the bell:
Deere (DE) – The heavy equipment maker reported quarterly profit of $ 5.32 per share, up from a consensus estimate of $ 4.58, and its revenue also exceeded expectations. Deere rose 1.1% in pre-market trading as it also raised its profit forecast for the full year on strong demand for farm equipment.

Foot Locker (FL) – Foot Locker shares jumped 6.2% in pre-market after the shoe and sportswear maker reported better-than-expected results in the second quarter. Foot Locker earned adjusted $ 2.21 per share, up from a consensus estimate of $ 1.01, and same-store sales were up 6.9%. Analysts were expecting a slight drop in tablet sales.

Buckle (BKE) – The fashion accessories retailer broke estimates by 18 cents with quarterly profit of $ 1.04 per share and above-estimate revenue as the company benefited from more in-person purchases . The stock jumped 4.6% in pre-market.

Spotify (SPOT) – The music streaming service has announced that its board of directors has approved a billion dollar share buyback. CFO Paul Vogel said the move demonstrates the company’s confidence in its long-term business and growth opportunities. Spotify added 1.1% in the pre-market.

Applied Materials (AMAT) – The semiconductor manufacturing equipment maker topped estimates by 13 cents with adjusted quarterly profit of $ 1.90 per share and revenue also beating analysts’ forecasts. It also gave a better-than-expected outlook, but shares of Applied Materials fell 1.3% in pre-market trading.

Ross Stores (ROST) – The discount retailer reported quarterly profit of $ 1.39 per share, beating the consensus estimate of 98 cents, and also reported better-than-expected earnings. However, its earnings outlook for the current quarter and full year fell short of analysts’ expectations, and the stock fell 4% before market.

Johnson & Johnson (JNJ) – CEO Alex Gorsky announced plans to step down on January 3, with company veteran Joaquin Duato taking over and Gorsky taking on the role of executive chairman.

Lordstown Motors (RIDE) – Shares of the electric vehicle maker rose 2.1% in pre-market, recouping a small portion of Thursday’s 9.5% drop that sent the stock to its lowest since its opening. Initial Public Offering. This took place after the annual meeting of shareholders which lasted only 10 minutes.

Adobe (ADBE) – The software maker has announced a deal to purchase the cloud-based video collaboration platform for $ 1.275 billion in cash. The acquisition will be used to expand the capabilities of Adobe’s Create Cloud software suite.

Petco (WOOF) – Petco added 2.1% pre-market to Thursday’s 3.6% gain as Credit Suisse uplifts pet retailer inventory to “outperform” from “neutral” . Credit Suisse said it was more positive about the outlook for Petco’s business after the company’s bullish earnings report.

Mosaic (MOS) – The fertilizer producer has been upgraded to “buy” from “retain” at HSBC, based on the expected benefits of higher fertilizer prices.


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