Foot Locker, Deer, Doordash and others

Check out the companies making headlines before the bell:

foot locker (FL) — The athletic footwear and apparel retailer reported adjusted quarterly profit of $1.60 per share, 5 cents above estimates. Revenue was just below expectations, and same-store sales fell by less than half what analysts had been expecting. Foot Locker stock gained 1% in the market.

monastery (DE) – The heavy equipment maker’s stock fell 4.4% in premarket trading after quarterly revenue missed Street expectations. Deere beat earnings estimates by 10 cents, at $6.81 a share, as a jump in global crop prices helped spur demand. The company also raised its annual profit forecast.

DoorDash (Dash) — Door Dash has announced authorization of a $400 million stock buyback program. The food delivery company said the move would offset the dilution caused by its employee stock compensation program. The stock added 2.2% in pre-market activity.

VF Company. (VFC) – VF shares added 2.6% in pre-market trading despite minor failures in the upper and lower bounds for the last quarter. The company behind clothing brands such as North Face, Vans and Timberland raised its full-year profit forecast, based on expectations that there would be no additional Covid-19 shutdowns affecting production and that inflation would not worsen.

outdoor deckers (December) – Deckers is up 13.8% in premarket after the footwear company beat the higher and lower estimates for the last quarter. Deckers earned $2.51 per share, compared to a consensus estimate of $1.32, doubling net income from the previous year.

Boeing (BA) — Boeing prices rose 2% in pre-market activity after the successful launch of the Starliner, which is now headed toward the International Space Station. The unmanned flight came after months of delays.

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Ross Stores (ROST) — Ross stores fell 27.4% in the primary market after discount retailers posted highs and lows in the last quarter and gave pessimistic forecasts. Ross Stores said inflationary pressures had been exacerbated by the conflict in Ukraine and that he was issuing conservative guidance due to uncertain macroeconomic conditions.

Palo Alto Networks (Pano) — Palo Alto Networks surged 12.1% in pre-market trading after the cybersecurity company reported better-than-expected earnings and revenue for the fourth quarter of its business. It also raised its full-year guidance for the third time.

Applied materials (AMAT) — Shares of the semiconductor manufacturing equipment maker fell 1.2% in the pre-market after losing its highest and lowest estimates for the fourth quarter. The company also issued a weaker-than-expected forecast. Supply chain issues for applied materials have been amplified by the Covid-19 shutdown in China.

Initial deal executor (OLLI) — Shares of the discount retailer jumped 6.4% in premarket trading after Bank of America Securities twice upgraded the stock to “buy” from a “underperformer.” Bank of America based its recommendation on a tangible improvement in the supply of closing items, due to excessive demand by retailers and a decline in consumer spending on durable goods.

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