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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
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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Tech Capital, a subsidiary of Proactive Investors, acts as the vanguard for listed tech companies to interact with institutional and highly capitalised investors.
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