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Deere, Alibaba, foot cabinet, lulumon and others



Take a look at some of the biggest engines in the pre-market:

Deere (DE) – The construction equipment manufacturer reported second-quarter fiscal gains of $ 2.11 per share, compared to the consensus estimate of $ 1.62 per share. Estimates too. Deere said it expects global equipment sales to fall 30% to 40% this year as the Covid-19 pandemic weighs in on demand.

Alibaba (BABA) – The e-commerce giant based in China beat both the top and bottom lines for its fiscal fourth quarter and reached $ 1

trillion gross for the first time in the fiscal year just ended. Alibaba is benefiting from an increase in online shopping due to the coronavirus epidemic.

Foot Locker (FL) – Foot Locker lost 67 cents a share in its most recent quarter, which is wider than the 25 cents a share loss Wall Street expected. Revenues from athletes’ clothing and footwear and clothing retailers also missed estimates, with similar sales down 42.8% more than expected. Foot Locker also temporarily suspended its three-month dividend.

Lululemon (LULU) – Lululemon said it has reopened more than 150 of its stores, with the athletic clothing maker planning to reopen about 200 stores in the next two weeks. He introduced a new set of reopening guidelines, including improved cleaning, modified hours, and restrictions on the number of customers in the store at any one time.

Palo Alto Networks (PANW) – Palo Alto reported a quarterly earnings of $ 1.17 per share, compared to the consensus estimate of 94 cents per share. The cybersecurity company’s revenue also beat Wall Street forecasts, and it said it would benefit from a steady increase in telecommuting.

Nvidia (NVDA) – Nvidia beat valuations by 11 cents a share with a quarterly profit of $ 1.80 per share. Graphic chipmaking revenue also beat forecasts. Nvidia has given a possible forecast for the growing demand for its chips, which are used in data centers.

Hewlett Packard Enterprise (HPE) – Hewlett Packard Enterprise fell 7 cents per share, as expected, with a quarterly gain of 22 cents per share. Businesses’ cloud computing revenue also declined, with HPE’s business affected significantly by the coronavirus outbreak. The company also unveiled a cost-cutting plan designed to save at least $ 1 billion by 2022.

Alphabet (GOOGL) – ISS proxy adviser recommended that shareholders vote against executive pay proposals at Google’s annual parent meeting in June. The ISS criticizes the proposals as “oversized rewards that are not sufficiently based on results.”

Splunk (SPLK) – Splunk reported a quarterly loss of 56 cents a share, one penny a share less than Wall Street expected. Revenue fell short of forecasts, but the data analytics maker said it expects more demand for its cloud services as more people move to work from home.

IBM (IBM) – IBM will cut an unspecified number of jobs, the first reduction in the workforce under new CEO Arvind Krishna, who took over from Ginni Rometty earlier this year. A person familiar with IBM’s plans told The Wall Street Journal that several thousand workers were likely to be affected.

e.l.f. Beauty (ELF) – The company doubled Wall Street’s expectations with a quarterly profit of 10 cents per share. The revenues of cosmetics retailers also prevailed. The company said the pandemic had affected its sales and expected a continued negative impact until consumers returned to normal shopping patterns.

Ross Stores (ROST) – Ross Stores reported a quarterly loss of 87 cents per share, surprising analysts who expected a gain of 3 cents per share. The retailer’s earnings also fell short as the coronavirus epidemic forced him to close stores, but Ross said he started reopening stores last week.

Deckers (DECK) – Deckers earned 57 cents a share for its fiscal fourth quarter, well above 9 cents in stock consensus valuation. The manufacturer of UGG boots and sandals Teva reported revenues that were above the above forecasts, although it said it was facing challenges related to the shutdown of stores related to viruses. Deckers does not provide guidance for the current fiscal year due to uncertainty about the impact of the pandemic.


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