Friday, March 29, 2024
Homemarket insiderEarly movers: EXPR, LL, AAPL, SNDK, GNC & more

Early movers: EXPR, LL, AAPL, SNDK, GNC & more

Check out which companies are making headlines before the bell:

Express – The apparel retailer's latest quarter profit came in three cents above estimates at 49 cents per share, with sales also beating analyst forecasts. Express also sees current quarter profit largely above Wall Street estimates. The company credits decreased promotional activity for its improved results, among other factors.

Lumber Liquidators – The stock—battered by a "60 Minutes" report on the safety of its flooring products—continues to trade in volatile pattern, and rising sharply in pre-market trading. The volatility has been driven by strong opinions—both positive and negative—on the future of the company.

Shake Shack – The restaurant chain is following up a five percent Tuesday gain with a similarly sized drop in pre-market trading, ahead of its quarterly earnings report after today's closing bell.

SanDiskGoldman Sachs added the memory chip maker's stock to its "conviction buy" list, citing an attractive valuation and expanding gross margins, among other factors.

Brown Shoe – The parent of Famous Footwear and Shoes.com earned an adjusted 20 cents per share for its latest quarter, four cents above estimates. However, its revenue and 2015 full-year earnings outlook both fell below Street forecasts.

AT&T – The telecom giant said it expects to take a charge of about $130 million this quarter relating to the voluntary retirement of about 3,000 workers.

Google – Google said its chief financial officer Patrick Pichette will retire, and is hoping to appoint a replacement within six months.

General Mills – The food producer raised its quarterly dividend to 44 cents per share from 41 cents, an increase of seven percent.

JPMorgan Chase, Wells Fargo, Citigroup, Bank of America – These and other big banks are expected to win Fed approval to increase dividends and buy back more shares.

GNC Holdings – GNC said independent tests of its nutritional supplements found no improper labeling. That follows an investigation by New York Attorney General Eric Schneiderman of advertising and labeling practices by GNC and other companies.

Apple – The next generation of the iPhone will incorporate force technology, a measure of how hard a user hits the screen, according to The Wall Street Journal.

Verifone Systems – Verifone cut its 2015 outlook, citing a negative impact from a stronger U.S. dollar, among other factors. The electronic payments firm did beat estimates by four cents with adjusted fourth quarter profit of 44 cents per share.

Analogic – Analogic earned an adjusted $1.08 per share for its latest quarter, 20 cents above estimates, though revenue came up short. The maker of medical imaging and airport security scanners said its results were impacted by a larger backlog of orders, which it expects to ship in the second half of the year.

Questions? Comments? Email us at marketinsider@cnbc.com

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