Check out the companies that make the headlines before the doorbell rings:
Deere (DE) – The heavy equipment maker reported quarterly earnings of $ 5.32 per share, compared to a consensus estimate of $ 4.58, and its earnings also beat projections. Deere was up 1.1% in pre-trading as the company also raised its full-year profit forecast on the back of solid demand for farm equipment.
Foot Locker (FL) – Foot Locker shares rose 6.2% pre-listing after the athletic footwear and apparel maker reported better-than-expected second-quarter results. Foot Locker made an adjusted $ 2.21 per share, compared to a consensus estimate of $ 1.01, and comparable store sales rose 6.9%. Analysts had expected a slight decline in comp sales.
Buckle (BKE) – The fashion accessories retailer beat estimates 18 cents with quarterly earnings of $ 1.04 per share and above-estimates revenue as the company benefited from more personal purchases. The share rose 4.6% in pre-market trading.
Spotify (SPOT) – The music streaming service announced that its board of directors has approved a $ 1 billion share buyback. CFO Paul Vogel said the move shows the company's confidence in its business and its long-term growth opportunities. Spotify added 1.1% in the premarket.
Applied Materials (AMAT) – The semiconductor manufacturing equipment maker beat estimates by 13 cents with adjusted quarterly earnings of $ 1.90 per share and revenue that also beat analyst forecasts. There was also a better-than-expected outlook, but Applied Materials stock fell 1.3% in early trading.
Ross Stores (ROST) – The discounter reported quarterly earnings of $ 1.39 per share, beating the consensus estimate of 98 cents, and also reported better-than-expected sales. However, the earnings outlook for the current quarter and full year fell short of analyst forecasts, and the stock lost 4% ahead of its launch.
Johnson & Johnson (JNJ) – Chief Executive Officer Alex Gorsky announced plans to step down on Jan. 3, with corporate veteran Joaquin Duato assuming the position and Gorsky assuming the role of Executive Chairman.
Lordstown Motors (RIDE) – The electric vehicle maker's shares rose 2.1% pre-IPO and rebounded a small portion of the 9.5% decline Thursday that had brought the stock to its lowest level since going public. This happened after the general meeting, which lasted only 10 minutes.
Adobe (ADBE) – The software maker announced a deal to purchase the cloud-based video collaboration platform Frame.io for $ 1.275 billion in cash. The acquisition will be used to expand the capabilities of Adobe's Create Cloud software suite.
Petco (WOOF) – Petco gained 2.1% in the premarket on Thursday's 3.6% increase. Credit Suisse said it was more positive about the outlook for Petco's business following the company's bullish earnings report.
Mosaic (MOS) – The fertilizer maker has been upgraded to “Buy” from “Hold” at HSBC due to expected benefits from higher fertilizer prices.