Gap, Square, Nikola, Nordstrom & more

Check out the companies making headlines in afternoon trading.

DER – The appliance maker’s shares slipped more than 1% during the fourth quarter despite estimates from the company’s Top and Bottom line. Deere earned $ 2.39 per share during the period, ahead of the $ 1.49 expected by analysts polled by Refinitive. The company said in a statement that “improvement in fundamentals [the] The agricultural sector is the “setting” [the] Platform for strong demand “in the coming year.

Nicola – Electric vehicle company shares dropped more than 12% amid ongoing concerns that Nicola’s $ 2 billion deal with GM would not be finalized.

Modern – Shares of the biotechnology company declined more than 5% after the announcement of Modern, with the European Commission approving an agreement to purchase 80 million doses of the company’s Kovid-19 vaccine candidate. Before Nov. Moderna stated that preliminary phase three trial data showed that its coronavirus vaccine is more than 94% effective.

Square – The payment company’s shares rose nearly 5% as Credit Karma agreed to sell its tax business to Square for $ 50 million in cash. Square stock has caught fire this week, jumping more than 8% over that time period.

Ford – Ford shares fell more than 3% after Morgan Stanley downgraded the automaker from overweight to equal weight. Bank analyst Adam Jonas said the company’s electric vehicle plan is not aimed at other original equipment manufacturers, including GM.

HP – Computer company shares rose more than 3% during the fourth quarter following HP’s top and bottom line results. HP earned 62 cents per share on revenue of $ 15.26 billion. According to Refinitiv, Wall Street analysts had estimated earnings of 52 cents per share on revenue of $ 14.72 billion.

Canada Goose – Shares of Canada Goose fell by more than 6% after external shares of BTIG were double downgraded by the manufacturer to sell from purchase. BTIG said the holiday season in Canada Goose could be tough partly because a warmer start to winter could possibly prevent shoppers from buying company coats.

Gap – The company forecasts earnings for its fiscal third quarter after the retailer’s stock sank more than 18%. The Gap reported 25 cents in earnings per share and $ 3.99 billion in revenue. Analysts polled by Refinitive were looking for 32 cents per share and $ 3.82 billion in revenue. Same-store sales grew more than expected, but the company said that increased marketing profits weighed on its profit margins.

Autodesk – Software stock rose 6% after Autodesk’s third-quarter results rose above prior guidance. The company reported adjusted earnings per share of $ 1.04, which was 10 cents above the midpoint of its guidance range. Revenue was also higher than anticipated, 13% year over year in total revenue.

Fixer – Electric vehicle company shares rose more than 19% when Citi began coverage on the Fixer and raised the rating to $ 26 per share for 12 months. The Wall Street firm said that since Fixer has yet to make a profit, it is a high-risk investment, but City prefers the long-term original story of the car.

Nordstrom – After reporting more than a quarter-to-quarter improvement in sales, Nordstrom – retailer shares jumped more than 17%. However, according to Revindive, revenue has been estimated at $ 3.09 billion versus $ 3.10 billion expected by analysts. The company’s 34 cents per share earnings were not equal to estimates.

– CNBC’s Yun Li, Maggie FitzGerald, Fred Embert and Jessie Pound contributed reporting.

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