Deere, HP, Nordstrom Stocks Among Biggest Premarket Movers

Deere reported better-than-expected profit and revenue for its latest quarter and issued an upbeat outlook. The company said it benefited from positive farm fundamentals and increased infrastructure investment. Deere's stock jumped 4.2% in premarket trading.

HP Inc. (HPQ) announced that it will cut up to 10% of its 61,000-person workforce over the next three years due to an extended slump in personal computer demand. The company also reported better-than-expected profit and revenue for its latest quarter. HP's stock rose 3.1% in the premarket following the news.

Nordstrom (JWN) reported better-than-expected earnings and revenue for its latest quarter, but shares fell 8.3% after the company said sales have slowed in recent months. Nordstrom also lowered its profit outlook for the fiscal year ending in January.

Manchester United (MANU) is up 9.5% in the premarket today, following yesterday's 14.7% jump, after the soccer club said it is considering strategic alternatives, including a possible sale.

Autodesk (ADSK) reported mixed results in its latest quarterly earnings, with earnings and revenue in line with estimates but weaker-than-expected guidance for the current quarter. The company attributed the weak guidance to a challenging economic environment and said customers were more reluctant to sign longer-term contracts. The stock tumbled 9.8% in premarket trading on the news.

Guess shares fell 6.1% in premarket trading after the company reported weaker-than-expected quarterly earnings and reduced its outlook. The apparel company pointed to a challenging retail environment and the impact of a stronger U.S. dollar, although it said it is well-positioned for the holiday season.

Credit Suisse (CS) shares fell sharply in pre-market trading after the bank warned of a $1.6 billion quarterly loss. The loss is due to customers withdrawing their money from Credit Suisse over concerns about the company's financial health. Credit Suisse shareholders have approved a $4.2 billion capital raise in an effort to shore up the company's finances.

Tesla (TSLA) added 2.7% in the premarket after Citi upgraded the stock to neutral from sell. Citi cited valuation as the reason for the upgrade. Tesla has lost about 50% of its value this year.