By Geoffrey Smith
Investing.com -- Stocks in focus in premarket trade on Friday, February 21st. Please refresh for updates.
- 8:30 AM ET: Deere & Company (NYSE:DE) stock surged 6.4% after a surprise increase in earnings in the three months to December. EPS of $1.63 were nearly one-third ahead of expectations and up 5.8% from last year.
- The company also upheld its guidance for the fiscal year.
- Deere said confidence among U.S. farmers, its core customer base, had improved as a consequence of the U.S.-China trade truce, but was still subdued.
- Sprint (NYSE:S) stock jumped 6.3% to a six-year high after the revision of its merger deal with T-Mobile left Sprint’s free shareholder untouched.
- While Sprint’s major shareholder Softbank (OTC:SFTBF) will get a smaller share of the combined company (24% compared to 27% under the original deal), Sprint shareholders other than SoftBank will continue to receive the original exchange ratio.
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- T-Mobile US (NASDAQ:TMUS) stock fell 0.6%.
- Virgin Galactic (NYSE:SPCE) stock fell 4.2% to $35.70, in a modest correction after more than doubling in the past two weeks.