Deere, HP, Nordstrom and others

Check out the companies making headlines before the bell:

Deere (DE) – The heavy-duty equipment maker reported better-than-expected earnings and revenue for its latest quarter and issued an optimistic outlook. Deere said it benefited from positive agricultural fundamentals and increased infrastructure investment. Its stock jumped 4.2% in premarket trading.

HP Inc. (HPQ) – HP rose 3.1% in the pre-market after announcing it would cut its workforce of 61,000 people by up to 10% over the next three years due to a prolonged decline in the application for personal computers. The computer maker also reported better-than-expected earnings and revenue for its latest quarter.

Nordström (JWN) – Nordstrom beat revenue and earnings estimates for its latest quarter, but its stock fell 8.3% after the retailer said sales had slowed in recent months. Nordstrom also cut its profit outlook for the fiscal year ending in January.

Manchester United (MANU) – Manchester United rose another 9.5% in the pre-market, following yesterday’s 14.7% jump, after the football club said it was considering strategic alternatives, including a possible sale.

Autodesk (ADSK) — Autodesk matched earnings estimates in its latest quarterly report, but the design software maker released a weaker-than-expected guidance for the current quarter. Autodesk noted a tough economic environment and said customers were more reluctant to sign longer-term contracts. The stock fell 9.8% in premarket trading.

To guess (GES) – Guess lost 6.1% in premarket after reporting weaker-than-expected quarterly results and a reduced outlook. The apparel company pointed to a tough retail environment and the impact of a stronger U.S. dollar, though it said it was well positioned for the holiday season.

Swiss credit (CS) – Shares of the Swiss bank fell 4.4% in premarket action after warning of a $1.6 billion quarterly loss as customers withdrew their money from Credit Suisse over concerns regarding its financial health. Credit Suisse shareholders have approved a $4.2 billion capital increase intended to shore up the company’s finances.

You’re here (TSLA) – Tesla added 2.7% pre-market after Citi upgraded the stock to neutral from the sale, citing a valuation. Tesla has lost about 50% of its value this year.


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