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Deere & Co. said Friday it had net income of $254.4 million, or 80 cents a share, in its first fiscal quarter ended Jan. 31, down from $386.8 million, or $1.12 per share, in the year-earlier period. Revenue fell 13% to $5.53 billion, while sales of equipment fell to $4.78 billion from $5.61 billion. The FactSet consensus was for EPS of 71 cents and revenue of $4.89 billion. “John Deere’s first-quarter results reflected the continuing impact of the downturn in the global farm economy as well as weakness in construction equipment markets,” Chief Executive Samuel R. Allen said in a statement. Looking ahead, Deere is expecting full-year equipment sales to fall about 10%, and to be down about 8% in the second quarter. Full-year net income is forecast at about $1.3 billion. Shares were down about 2% in premarket trade, and are down 12% in the last 12 months, while the S&P 500 is down about 9%.

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The People’s Bank of China injected 10 billion yuan ($1.53 billion) in short term loans to commercial banks on Friday, The Wall Street Journal reported. The new issue of reverse-repurchase agreements brings the total injection of cash by China’s central bank this week to 150 billion yuan, as the PBOC attempts to maintain liquidity in the country’s financial system.

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Qualcomm Inc. shares rose in the extended session Thursday after the chipmaker said it entered into a patent licensing agreement with China’s Lenovo Group Ltd. . Qualcomm shares advanced 1.2% to $49.65 after hours. Under the agreement, Lenovo gets a royalty-bearing patent license from Qualcomm to develop, make, and sell certain 3G and 4G mobile devices under the Motorola and Lenovo brands. Qualcomm did not release financial details of the deal.

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Shares of TrueCar Inc. tanked in Thursday’s extended session after the online car-shopping site issued weak quarterly and full-year outlooks. TrueCar reported its fourth-quarter loss widened $27.4 million, or 33 cents a share, from a loss of $9.8 million, or 13 cents a share. On an adjusted basis, the company lost 6 cents a share. Revenue rose to $63.6 million from $55.5 million. Analysts surveyed by FactSet had forecast a loss of 4 cents a share and revenue of $65.3 million. TrueCar projected revenue in a range of $60 million to $62 million in the first quarter and $270 million to $275 million for the full year. It also expects to report earnings before interest, taxes, depreciation and amortization at break even. FactSet shows analysts’ revenue estimate of $70.2 million in the first quarter and $309.7 million in 2016. TrueCar shares slumped 10% in after-hours trade.

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Trinity Industries Inc. shares fell in the extended session after the maker of railcars and barges forecast earnings well below Wall Street estimates. Trinity shares dropped 11% to $18.90 after hours. The company estimated 2016 earnings of $2 to $2.40 a share assuming that “the current weak market conditions will continue throughout the year.” Analysts surveyed by FactSet had forecast full-year earnings of $3.65 a share. Trinity reported fourth-quarter earnings of $1.30 a share on revenue of $1.55 billion. Analysts had expected earnings of $1.09 a share on revenue of $1.61 billion.

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Nordstrom Inc. reported profit and sales for the holiday quarter that lagged analysts’ expectations Thursday, and shares fell more than 6%. The retail chain said it earned net income of $180 million, or $1 a share, on total sales of $4.14 billion; analysts surveyed by FactSet, on average, expected profit of $1.20 a share on sales of $4.22 billion. The company’s forecast also held bad news for investors, as Nordstrom said earnings will fall about 30% in the first half of the year partly due to expansion costs and the sale of its credit-card portfolio. The company’s forecast for full-year 2016 earnings was a range of $3.10 a share to $3.35 a share, while FactSet’s analyst survey predicted $3.58 a share. Shares fell to less than $49.50 in late trading Thursday after closing with a 0.9% gain at $52.70.

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West Texas Intermediate oil futures for March delivery ended a choppy session slightly higher. Crude erased an early rally to bounce between small gains and losses after weekly government data showed a rise in inventories for U.S. crude, gasoline and distillates and Saudi Arabia’s finance minister was quoted as saying the country wasn’t prepared to cut production. March crude settled at $30.77 a barrel, gain of 11 cents, or 0.4%.

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