Thursday, March 28, 2024
Homemarket insiderEarly movers: VIA, CI, TWC, AAPL, GNRC & more

Early movers: VIA, CI, TWC, AAPL, GNRC & more

Check out which companies are making headlines before the bell:

Viacom – The media company reported adjusted quarter profit of $1.16 per share, 10 cents above estimates, though revenue missed forecasts because of foreign exchange effects and a drop in filmed entertainment sales.

Cigna – The insurance company earned an adjusted $1.96 per share for its latest quarter, twelve cents above estimates. Revenue also was above forecasts, and Cigna also raised its full-year outlook after adding more customers and increasing premiums.

Host Hotels – The hotel operator reported better than expected profit for its latest quarter, with revenue essentially in line, and also authorized a $500 million share repurchase program.

Time Warner Cable – The cable operator reported adjusted quarterly profit of $1.65 per share, 22 cents short of estimates, with a revenue shortfall as well, despite what the company said was a record number of subscribers.

Generac – The maker of generators missed estimates by 14 cents with quarterly profit of 49 cents per share, with revenue also below estimates. Generac notes fewer power outage incidents in addition to difficult winter weather for its shortfall.

Beazer Homes – The home builder reported a quarterly loss of eight cents per share, less than the 14 cents expected by analysts, and revenue beat analyst forecasts as new orders jumped 22 percent.

Pitney Bowes – The technology solutions provider missed estimates by one cent with adjusted quarterly profit of 40 cents per share, with revenue also below forecasts. Pitney Bowes cited currency headwinds as one negative factor in the most recent quarter, but said it reduced costs and increased investment during the period.

Cardinal Health – The wholesale drug distributor beat estimates by three cents with adjusted quarterly profit of $1.19 per share, with revenue also above Street forecasts. Cardinal also said it was "increasingly comfortable" with the upper half of its 2015 earnings forecast.

Avon Products – The beauty products maker fell three cents short of Street forecasts with quarterly profit of four cents per share, and revenue was also short of estimates. A strong dollar impacted its sales, as did weaker demand in its key Latin American market.

Nokia – Nokia shares are under pressure after profits at its network equipment business came in below analyst forecasts.

Apple – Apple issued a "no comment" to reports that a key component in the Apple Watch was found to be defective during the manufacturing process, limiting availability of the device.

Yelp – The consumer review website operator issued a current quarter revenue forecast that falls below analyst forecasts. That follows worse than expected first quarter revenue, as it added fewer local advertising accounts than expected.

Boston Beer – The brewer earned $1.00 per share for its latest quarter, well above estimates of 58 cents. Revenue also beat estimates, as the Sam Adams maker sold more beer at higher prices and improved its profit margins.

Flextronics – Flextronics earned an adjusted 27 cents per share for its latest quarter, two cents above estimates, but revenue missed Wall Street targets. The contract electronics manufacturer also issued weaker than expected current quarter guidance.

Marriott – Marriott beat estimates by three cents with quarterly profit of 73 cents per share, with revenue essentially in line. The hotel operator saw stronger pricing and higher occupancy during the quarter. However, its current quarter guidance is short of expectations.

Shutterfly – The online photo service lost $1.19 per share for its latest quarter, smaller than forecasts for a $1.33 per share loss, and revenue was higher than analysts had expected as its customer based grew 25 percent over the year ago period. Earnings and revenue guidance for the current quarter are shy of Street forecasts, however.

Baidu – Baidu reported better than expected profit for its latest quarter, but the China-based search engine saw revenue come in below forecasts, and issued soft sales guidance for the current quarter.

Royal Bank of Scotland – RBS set aside $515 million for an expected settlement with U.S. authorities over foreign exchange manipulation charges.

Bank of America – Bank of America will pay $180 million to settle a lawsuit by private investors, who had charged that the bank manipulated foreign exchange rates. The news was revealed in an SEC filing.

Salesforce.com – Salesforce is working with financial advisors to help it field takeover offers, according to Bloomberg, which said the software company had been approached by a possible bidder.

BP – BP settled with the United Steelworkers Union, ending an 11-week strike a BP's Whiting, Indiana refinery.

Alcatel-Lucent – Alcatel major shareholder Odey Asset Management is criticizing the terms of Nokia's planned buyout of the telecom equipment maker, calling it "unacceptable."

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

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