Check out the companies making headlines before the bell:
Deere (DE) – Deere fell 5.2% in premarket trading after the heavy equipment maker missed quarterly earnings estimates despite better-than-expected sales. Deere earned $6.16 per share, below the consensus estimate of $6.69, as it successfully implemented price increases but also faced higher costs. The company also cut its full-year forecast.
Foot Locker (FL): Foot Locker jumped 17.4% in premarket trading after the athletic footwear and apparel retailer’s quarterly earnings beat analysts’ forecasts and the company also announced a CEO transition. Former Ulta Beauty ( ULTA ) CEO Mary Dillon will replace Richard Johnson as CEO on September 1st.
Bed Bath & Beyond ( BBBY ) – Bed Bath & Beyond fell 42.7% in premarket trading after news that investor Ryan Cohen had sold his entire stake in the home goods retailer home, making a profit of more than $58 million.
Ross Stores (ROST): Ross Stores reported better-than-expected earnings in the latest quarter, but its revenue fell short of Wall Street forecasts and the company issued a full-year outlook for more weaker than expected. The company said its results were hit by higher costs and increased promotional activity. Shares fell 1% in premarket action.
Applied Materials ( AMAT ) : Applied Materials beat estimates by 15 cents with adjusted quarterly profit of $1.94 per share, and the semiconductor manufacturing equipment maker also saw top revenue forecasts. He also gave an upbeat revenue forecast for the current quarter as chipmakers ramp up production.
Coinbase (COIN) – Shares of the crypto exchange operator fell 8.6% in pre-market trading, sympathizing with the sudden overnight drop in bitcoin prices. Microstrategy ( MSTR ), the business analytics firm with extensive bitcoin holdings, saw its shares fall 9.3%.
Home Depot (HD): Home Depot announced a new $15 billion share repurchase program, which replaces a prior authorization. The home improvement retailer also announced that CEO Ted Decker will replace former CEO Craig Menear as chairman, effective Oct. 1.
Madison Square Garden Entertainment (MSGE): Madison Square Garden Entertainment rose 7.3% in premarket after news that its board is considering a spin-off that would contain the live entertainment and MSG businesses Company networks.
Bill.com (BILL) – Bill.com jumped 18.5% in premarket trading after the financial back-office software provider reported better-than-expected quarterly results and issued guidance optimistic