Deere & Company Surpasses Q2 Expectations, Foot Locker Falls Short, and Intercept Pharmaceuticals Stock Halted Amid FDA Review
- May 19th, 2023
- 579 views
Deere & Company (NYSE: DE) has released its second-quarter fiscal 2023 earnings per share (EPS) report, surpassing consensus expectations. The company reported an EPS of $9.65, exceeding the consensus estimate of $8.59.
John C. May, the chairman and chief executive officer of Deere, expressed satisfaction with the outstanding second-quarter results. He noted that Deere continues to benefit from favorable market conditions and an improving operating environment.
In pre-market trading, $DE is currently valued at $385.00, experiencing a significant increase of $14.48 (+3.91%).
On the other hand, Foot Locker, Inc. (NYSE: FL) has released its first-quarter 2023 earnings report, which fell short of consensus expectations. The company reported an EPS of $0.70, lower than the consensus estimate of $0.81, and a decline in comparable-store sales by 9.1%, primarily attributed to macroeconomic headwinds -including lower income tax refunds in the United States-.
In pre-market trading, $FL is currently valued at $31.89, showing a significant decrease of $9.63 (-23.19%).
In other news, NASDAQ has halted trading of Intercept Pharmaceuticals, Inc.'s (Nasdaq: ICPT) common stock. The reason behind this halt is the ongoing meeting of the U.S. Food and Drug Administration's (FDA) Gastrointestinal Drugs Advisory Committee (GIDAC), which is currently reviewing the use of obeticholic acid (OCA) as a treatment for pre-cirrhotic fibrosis due to nonalcoholic steatohepatitis (NASH).
Please note that the stock prices and pre-market movements mentioned here are for illustrative purposes and may not reflect the current market conditions at the time of reading.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
Post Your Comments
Want To Find Some News?
Recent Posts
-
A Preview: Oracle, Franco-Nevada, and Asana Earnings Due
March 09th, 2025NVIDIA, Salesforce, and Agilent Technologies Earnings Loom: What to Expect
February 23rd, 2025Key Reports Ahead: KBR, Hims & Hers Health, and Cleveland-Cliffs Earnings Preview
February 23rd, 2025Earnings On Deck: What to Expect from Copart, Cheniere Energy, and Insulet
February 16th, 2025
Member Login