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Companies to watch: Deere falls short, Nvidia posts beat, Applied Materials posts big quarter


Here are the companies the Yahoo Finance team is watching for you today.

The trade war is hitting Deere & Co. (DE) hard. The heavy equipment company fell short on earnings and revenue last quarter while also lowering its guidance. That's because farmers are holding off on buying tractors and other equipment as they wait out the trade war with China. The CEO blamed, "the high degree of uncertainty that continues to overshadow the agricultural sector."

It was a very different story at Nvidia (NVDA). Where the chipmaker beat on earnings and revenue and issued better guidance than many on the street were expecting. Gaming sales were strong, even though they were down 27% year-over-year. And the company says it's upbeat about demand for its chips for data centers.

It was a big quarter at chipmaker Applied Materials (AMAT) as well. It posted a beat on earnings and revenue, and issued guidance in-line with estimates. The CEO called the environment "challenging" but praised the company's "solid financial performance," and said they're excited about the future.

Facebook (FB) is being accused of putting users at risk. A lawsuit claims the social media giant did not warn users about a security issue which led to its largest security breach in September 2018. The breach gave hackers access to nearly 29 million accounts. Facebook hasn't yet responded to the suit but has pledged to put a new focus on privacy as part of a Federal Trade Commission settlement.