The Deer & Co. tractor is shown. The fully autonomous John Deere 8R before the Consumer Electronics Show (CES) on January 4, 2022 in Las Vegas, Nevada.
Patrick T. Fallon | Agence France-Presse | Getty Images
Check out which companies are making the headlines in midday trading.
monastery – The stock fell 11.4% after Deere reported revenue corruption but outpaced earnings last quarter. The equipment manufacturer reported earnings per share of $6.81 on revenue of $12.03 billion. Analysts expected $6.71 per share for $13.2 billion in revenue.
Palo Alto Networks Shares of the cybersecurity company jumped 7.4% after it beat analyst estimates in the last quarter and raised its forecast for the current quarter.
Ross Stores – Shares of the discount retailer fell 21% after the company’s announcement Weaker-than-expected profits and returns for its last quarter and issued weak fiscal guidance due to inflationary pressures and other macroeconomic conditions.
Applied materials – The semiconductor equipment manufacturer’s inventory fell 6.3% after reporting a failure in earnings and revenue in the second quarter. Applied Materials also shared weak guidance for the current quarter amid supply chain issues exacerbated by the shutdown in China.
Match group The dating app’s stock rose 1% after Match announced it had reached an interim payments agreement with Google affiliate Alphabet. The deal prevents Google from forcing Match to use Google Play Billing for its paid products and allows apps like Tinder to remain in the Google Play Store.
Eli Lilly Shares of the drugmaker rose 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. The company expects additional regulatory decisions in the United States and Japan this year.
foot locker – Shares of athletic shoe and apparel retailer rose nearly 2% after the company reported better-than-expected quarterly earnings. Foot Locker reported adjusted quarterly earnings of $1.60 per share, 5 cents above estimates per Refinitiv. Same-store sales also fell by less than half what analysts had expected.
Hewlett Packard Foundation Stocks fell 8% after that Bank of America downgraded the stock to neutral from buy It is facing mounting supply chain problems.
VF Company. — Apparel brand owners like North Face, Timberland and Supreme added 3.2% despite reporting a slight loss in the top and bottom ranks last quarter.
outdoor deckers The shoe company’s stock jumped 10.2% after beating expectations in the last quarter of last year. Deckers earned $2.51 per share on revenue of $736 million. The consensus estimate of expected earnings of $1.32 per share on revenue of $639 million.
CNBC’s Jesse Pound, Tanya Machel, and Yoon Lee contributed reporting.
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