Check out the companies making headlines before the bell:
monastery (DE) – The heavy equipment maker reported better-than-expected earnings and revenue for the latest quarter and issued an upbeat forecast. Deer said it has benefited from positive agricultural fundamentals and increased investment in infrastructure. Its shares jumped 4.2 percent in pre-market trading.
HP Inc. (HPQ) — HP rose 3.1% in the pre-market after it announced it would cut up to 10% of its workforce of 61,000 people over the next three years due to an extended slump in PC demand. The PC maker also reported better-than-expected earnings and revenue for the most recent quarter.
Nordstrom (JWN) — Nordstrom beat estimates last quarter’s high and low, but its stock fell 8.3% after the retailer said sales had slowed over the past few months. Nordstrom also lowered its profit forecast for the fiscal year ending in January.
Manchester United (Manu) – Manchester United rose another 9.5% in the primary market, after yesterday’s 14.7% jump, after the football club said it was considering strategic alternatives including a possible sale.
autodesk (ADSK) — Autodesk matched higher and lower estimates in its most recent quarterly report, but the design software maker issued weaker-than-expected guidance for the current quarter. Autodesk noted a tough economic environment and said customers were more reluctant to sign long-term contracts. The stock fell 9.8% in pre-market trading.
guess (GES) – Guess lost 6.1% in a pre-market after reporting weaker-than-expected quarterly earnings and a downgraded outlook. The apparel company cited a tough retail environment and the impact of a strong US dollar, though it said it was well positioned for the holiday season.
Credit Suisse (CS) – The Swiss bank fell 4.4% in pre-market action after it warned of a quarterly loss of $1.6 billion as customers pulled money from Credit Suisse over concerns about its financial health. Credit Suisse shareholders approved a $4.2 billion capital increase to support the company’s finances.
Tesla (TSLA) — Tesla added 2.7% in the primary market after Citi upgraded the stock to neutral from sell, citing the valuation. Tesla has lost about 50% of its value this year.
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