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Qualcomm, Dicks Sporting Goods, Commercial Vehicle Group and more - PRE-MARKET

We look at what's moving the needle before the bell in New York
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Chipmaker Qualcomm in focus before the bell

US futures are pointing higher on Tuesday as attention turns to inflation data later.

In focus in pre-market deals is Qualcomm Inc (NASDAQ:QCOM), whose shares are down 4.79% to US$59.80, after the President of the US,  Donald Trump blocked a planned takeover of the chipmaker by Singapore-based rival Broadcom on grounds of national security.

Broadcom shares added 0.44% to US$264 each in the extended session.

Meanwhile, Dicks Sporting Goods Inc (NYSE:DKS) dropped almost 7% after the bell at US$30.30 as the fourth quarter numbers failed to impress.

Earnings for the holiday period slightly beat analyts' expectations, but revenue comes in short.

Revenue was US$2.66bn, below analysts' expectations for US$2.74bn in sales.

Elsewhere, shares in DSW Inc (NYSE:DSW) shed 1.79% to US$19.25 after the footwear retailer missed fiscal fourth-quarter expectations on revenue and provided a downbeat outlook, offsetting a profit beat and a raised dividend.

Commercial Vehicle Group Inc (NASDAQ:CVGI)  saw shares shed 16.82% to US$9.25 as it posted downbeat results for the fourth quarter.

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Telecoms board
"The excellent result for this year was delivered through a combination of strategic acquisition and organic contract wins, maintaining margins on customer contracts and maintaining high levels of operational efficiency."

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