VF Corp, The Buckle, Palo Alto Networks and more

VF Corp, The Buckle, Palo Alto Networks and more


Take a look at some of the biggest players in the pre-market:

VF Corp (VFC) – The company behind clothing brands like North Face, Timberland and Vans had a mixed quarter, beating revenue estimates but posting earnings per share below expectations. VF said the majority of its supply chain is operational, although it has experienced isolated product delays. VF shares fell 6% pre-market.

The loop (BKE) – Shares of the accessories retailer jumped 7.9% in the pre-market after reporting better-than-expected earnings and earnings for its final quarter. The Buckle earned $ 1.16 per share, compared to a consensus estimate of 43 cents per share, aided by the reopening of its stores.

Palo Alto Networks (PANW) – Palo Alto reported quarterly earnings of $ 1.38 per share, beating estimates by 10 cents per share. The cybersecurity company’s revenue also exceeded Wall Street forecasts. Palo Alto raised its forecast for the full year against the backdrop of increasing remote work safety issues and challenges. Shares of Palo Alto jumped 5.7% in pre-market action.

Deere (DE) – Deere rose 1.1% in pre-market trading after beating upper and lower earnings estimates and raising its guidance for the full year. Deere earned $ 5.68 per share for its second fiscal quarter, compared to a consensus estimate of $ 4.52 per share. Incomes also exceeded estimates, as the recovery in the global economy boosted demand for agricultural and construction equipment.

Foot Locker (FL) – Shares of Foot Locker were up 3.3% in the pre-market after the shoe and clothing retailer reported quarterly profit of $ 1.96 per share. This was well above the consensus estimate of $ 1.09 per share, with revenue also exceeding expectations and same-store sales increasing 80.3% better than expected.

Outdoor Deckers (DECK) – Deckers gained $ 1.18 per share for its fiscal fourth quarter, well above the consensus estimate of 64 cents per share. The shoe and clothing maker – which counts UGG and Teva among its brands – also reported better-than-expected earnings, but posted a mixed outlook. Deckers rallied 6% on pre-market.

Ross Stores (ROST) – Ross Stores reported first quarter earnings of $ 1.34 per share, against a consensus estimate of 88 cents per share. The discount retailer’s revenue was well above forecast. Results were boosted by stimulus payments to consumers and an overall improvement in the economic environment. Ross also announced a new $ 1.5 billion share buyback program, and the stock added 1.4% in pre-market trading.

Materials applied (AMAT) – Applied Materials came in at 12 cents per share above estimates, with quarterly earnings of $ 1.63 per share. The semiconductor manufacturing equipment maker also posted better-than-expected revenues. Applied Materials also gave optimistic forecasts for the full year, as chipmakers attempt to ramp up production amid a global chip shortage. Applied Materials added 1.1% on pre-release.

Kansas City South (KSU) – The rail operator is set to officially end its merger agreement with Canadian Pacific Railway (CP) today, according to people familiar with the matter who spoke with the Wall Street Journal. Kansas City Southern will instead accept a competing offer of National Railway of Canada (CNI) after Canadian Pacific declined to increase its initial bid.

Modern (ARNM) – Moderna’s Covid-19 vaccine has been officially approved by regulators in Japan and South Korea. Japan has also approved the Covid-19 vaccine produced by AstraZeneca (AZN) and the University of Oxford. Moderna grew 1.5% on pre-release.

Carnival (CCL) – Carnival has said its flagship brand – as well as its Holland America line – will resume Alaska cruises in July. Princess Cruises made a similar announcement, after new legislation passed through the House and Senate. The legislation temporarily waives the rule that required Alaska cruises to stop in Canada. Carnival shares were up 1.6% pre-release.

Oatly (OTLY) – Oatly climbed 5.9% in pre-market trading after the oatmilk maker’s first session on Wall Street. Oatly’s IPO was priced at $ 17 per share, with the first trade at $ 22.12 and a Thursday closing price of $ 20.20.

ApkGeo News

Leave a Reply

Your email address will not be published. Required fields are marked *