U.S. stock futures are rising as investors keep a close eye on the movement of the euro, which also is climbing.
Deere & Co., the world’s largest farm equipment maker on Webnesday reported that its second-quarter profit jumped 16 percent and raised its profit and sales forecasts as demand for farm machinery increased. Deere & Co. reported second-quarter net income of $547.5 million, or $1.28 a share, from $472.3 million, or $1.11 per share and revenue rose 6 percent to $7.13 billion, from $6.75 billion in the same quarter a year eaelier. Deere & Company (NYSE:DE, $57.16, -$0.79, -1.36%) rose 3.92 percent to $59.40 on Wednesday morning pre-market trading session, while on Tuesday, shares of Deere & Co fell 1.36 percent, closed on $57.16.
Target Corp., the second-largest U.S. discount retailer, reported that its first quarter net income rose almost 29 percent helped by clothing sales and profit at its credit-card unit. Target Corp. reported first-quarter net income of $671 million, or 90 cents per share, compared with $522 million, or 69 cents per share and revenue rose 5 percent to $15.59 billion from $14.83 billion in the same quarter a year earlier. Target Corp. (NYSE:TGT, $54.22, -$1.83, -3.26%) dropped 0.98 percent to $53.69 on Wednesday morning pre-market trading session, shares of Target Corp. edged down $1.83 to $54.22 yesterday on the New York Stock Exchange, a decline of 3.26 percent.
BJ’s Wholesale Club Inc., the third-largest warehouse club operator, reports its first-quarter net income rose 7 percent helped by sales and membership fees increased. BJ’s Wholesale reported first-quarter net income of $26.1 million, or 49 cents per share, compared with $24.3 million, or 45 cents per share and revenue rose 13 percent to $2.61 billion from $2.31 billion in the same quarter a year earlier. BJ’s Wholesale Club, Inc. (NYSE:BJ, $37.44, -$0.46, -1.21%) rose 1.50 percent to $38.00 on Wednesday morning pre-market trading session, while on Tuesday, shares of BJ’s Wholesale fell 1.21 percent, closed on $37.44.
Yahoo! announced Tuesday that it has agreed to buy Associated Content, a network of 380,000 contributors that will Yahoo’s pages with, well, associated content. The acquisition, expected to close in this year’s third quarter. Yahoo! Inc. (NASDAQ:YHOO, $16.03, -$0.24, -1.48%) dropped 0.81 percent to $15.90 on Wednesday morning pre-market trading session, shares of Yahoo edged down 24 cents to $16.03 yesterday on the NASDAQ Stock Market, a decline of 1.48 percent.