Deere, Nvidia, GE, Facebook, Capital One and more
Check out the companies as headlines before:
Deere – Heavy Equipment Manufacturer reported adjusted quarterly earnings of $ 2.71 per share, missing the consensus estimate of $ 2.85 per share. Revenues also missed forecasts, and the company said some farmers postponed purchases due to uncertainty surrounding the export market.
Applied Materials – Applied Materials reported adjusted quarterly earnings of 74 cents per share, 4 cents per share above projections. Manufacturer revenues for semiconductor production equipment also beat Wall Street forecasts, but the company warned that recovery for the memory chip market is unlikely to happen until next year.
Nvidia ̵[ads1]1; Nvidia beat estimates by 9 cents per share, with adjusted quarterly earnings of $ 1.24 per share. Revenues also came in above the forecasts, helped by the demand for newer high end graphics chips designed for video games.
General Electric – GE CEO Larry Culp bought 252,000 more shares in GE at an average price of $ 7.93 per share, following share purchases earlier this week. It followed a 11.3% drop in Thursday following a critical report on GE from investor Harry Markopolos.
Facebook – Facebook was charged in a lawsuit for failing to warn users of the dangers of the only sign-in tool, which can be used to access third-party apps and services using Facebook sign-in information.
Capital One – Capital One employees raised concerns about the company's cybersecurity device ahead of a recent data breach, according to The Wall Street Journal. Among the issues: high turnover among top executives and employees, and failure to install software to detect and defend against hacking.
Dillard & # 39; s – Dillards reported an adjusted quarterly loss of $ 1.74 per share, wider than the 70 cents that a stock loss estimated by analysts. The dealer's revenue was slightly below projections, with comparable store sales falling 1%.
Tapestry – Tapestry was downgraded to "neutral" from "outsourcing" at Credit Suisse and "neutral" from "buy" from Goldman Sachs, which also removed the clothing manufacturer's inventory from the "Conviction Buy" list. This follows Tapestry's earnings report where the company said the performance of its Coach unit was strong, but that there are still problems with the Kate Spade brand.
Merck – The drug manufacturer's shares were considered to "outperform" in new coverage at Leerink. The ranking is based on optimism about expanded use of the cancer drug Keytruda, among other factors.
