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Deere dumped; Noodles gets fried; Intuit jumps

Kathy Cherpelis

Earnings continue to grab headlines this morning.

Deere (DE) shares fell in early trading. The big equipment maker reporting sales sunk in its fiscal first quarter because of a slowdown in global farming.  And because of that plus the strong dollar, Deere expects sales for the year to decline 17%.  Despite the weakness in the agricultural sector, Deere's first quarter profit and revenue topped forecasts.

Nordstrom (JWN) also on investors' watch list this morning. The high-end department store chain issued a weak outlook for the year after reporting earnings that came in below Wall Street views as higher costs related to acquisitions and technology upgrades offset sales growth.

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Intuit (INTU) rose ahead of the open. The TurboTax fiasco didn't seem to have on impact on the company's results last quarter. Intuit posted a narrower-than-expected loss while revenue also surpassed forecasts as it QuickBooks and its TurboTax software added more subscribers.

Noodles (NDLS) shares plunged before the bell. The restaurant chain reported a miss on both its top and bottom line in the fourth quarter on weaker-than-expected same-store sales growth. The company also issued a disappointing outlook for the year.

Apple (APPL) remains in the spotlight…along with the stock setting several records in the past few weeks, Bloomberg reports the tech giant expects start production of first electriccar by 2020.