The companies are making news before the bell rings.
Deere missed quarterly earnings estimates despite higher-than- expected sales. Deere earned $6.16 per share, below the consensus estimate of $6.69, as it implemented price hikes but faced higher costs. The company reduced its full-year forecast.
The athletic footwear and apparel retailer's quarterly earnings beat analyst forecasts and the company also announced a CEO transition. Richard Johnson will no longer be the CEO on September 1.
Ryan Cohen, an investor in Bed Bath & Beyond, made a huge profit after selling his entire stake in the retailer.
Ross Stores reported better-than- expected earnings for its latest quarter, but its revenue was below expectations, and the company issued a weaker than expected full-year outlook. Increased promotional activity as well as higher costs affected the company's results. There was a 1% fall in the stock before the market opened.
Applied Materials beat estimates with adjusted quarterly profit of $1.94 per share, and the company saw revenue top forecasts as well. The revenue forecast was positive as chipmakers increased production.
The stock of the exchange operator fell in premarket trading due to the drop in the price of the virtual currency. Microstrategy's stock fell as much as 9.3%.
A previous authorization has been replaced by a new program. Craig Menear will no longer be the CEO of the home improvement retailer.
The board of Madison Square Garden Entertainment is considering a spin-off of the company's live entertainment business.
Bill.com surged 18.5% in premarket trading after the financial back-office software provider reported better-than- expected quarterly results.
All Rights Reserved © 2024
