Friday, March 29, 2024
Homemarket insiderEarly movers: BA, KO, XOM, CPB, WHR, EMC, Z & more

Early movers: BA, KO, XOM, CPB, WHR, EMC, Z & more

Check out which companies are making headlines before the bell:

Boeing—Boeing reported adjusted quarterly profit of $1.62 per share, beating estimates of $1.37, with revenue also above forecasts. Boeing did reduce its full-year EPS guidance by 50 cents on both the high and low end, but that reduction was less than the 77 cent charge announced last week for a redesign of its tanker program.

Coca-Cola—The beverage maker beat estimates by 3 cents with adjusted quarterly profit of 63 cents per share, with revenue also above Street estimates. Worldwide case volume was up 2 percent, more than analysts had been expecting.

Exxon Mobil—Goldman Sachs added the stock to its "Conviction Buy" list, citing above average dividend growth, a strong balance sheet, and healthy refining margins, among other factors.

Campbell Soup—The food company raised its full-year guidance, saying planned cost savings had kicked in earlier than expected.

Whirlpool—The appliance maker reported adjusted quarterly profit of $2.70 per share, 8 cents above estimates, though revenue was slightly short of forecasts. Whirlpool did see negative impact from a strong dollar and weakness in the Brazilian market, but that was offset in part by benefits from recent acquisitions.

EMC—The data storage company beat estimates by 2 cents with adjusted quarterly profit of 43 cents per share, but revenue fell short. The company said it saw good acceptance of its newer products, but also observed conservative spending by IT customers.

Thoratec—The medical products maker will be acquired by St. Jude Medical for $3.4 billion in cash or $64.50 per share. Thoratec had been rising in recent sessions on reports that the two were in talks. Separately, St. Jude reported adjusted quarterly profit of $1.03 per share, 3 cents above estimates, with revenue also above forecasts.

Tupperware—The maker of kitchen storage products reported adjusted quarterly profit of $1.21 per share, 4 cents above estimates, but revenue was short of analyst forecasts. The company also gave current-quarter and full-year earnings guidance that falls below Street forecasts.

Apple—Apple shares are under pressure on disappointment over its current quarter forecast and iPhone sales levels. Apple did beat estimates by 4 cents with fiscal third quarter profit of $1.85 per share, with revenue also slightly above forecasts.

Microsoft—Microsoft posted an adjusted quarterly profit of 62 cents per share, 6 cents above estimates, as well as a slight revenue beat for its latest quarter. Overall, it posted a loss as it wrote down the value of its Nokia handset business.

Chipotle Mexican Grill—Chipotle edged out estimates by a penny with quarterly profit of $4.45 per share, though revenue was slightly below analyst forecasts. Investors are focusing on a less-than-expected 4.3 percent increase in same-restaurant sales, with the stock under pressure in after-hours trading.

GoPro—GoPro scored a 9-cent beat with adjusted quarterly profit of 35 cents per share, and revenue also came in well above estimates. The maker of high definition cameras was helped by strong sales in its Asian markets.

Yahoo—Yahoo reported quarterly profit of 16 cents per share, missing estimates by 2 cents, with revenue essentially in line. The company's results were hurt by higher user acquisition costs, and its current quarter revenue guidance also fell below analyst estimates.

Intuitive Surgical—The company earned an adjusted $4.57 per share for its latest quarter, beating estimates of $3.98, and revenue came in above analyst forecasts as well. The maker of surgical devices also gave an upbeat growth forecast for surgical procedures using its equipment.

Zillow—The real estate website operator approved the creation of a new nonvoting class of stock that will be issued to shareholders as a dividend. They'll receive two shares of the new Class C stock for each Class A and Class B share they now own. Class C will assume the "Z" ticker symbol, while Class A will trade under the ticker "ZG."

AT&T—AT&T's proposed acquisition of DirecTV has gotten a go-ahead from the Justice Department, which said it would not move to stop the deal, and FCC Chairman Tom Wheeler has now recommended that the Commission give its approval as well.

Herbalife—Herbalife has filed a court petition to get information from Twitter on an anonymous user who posted negative comments about the nutritional products company.

FedEx—FedEx has signed a deal to buy 50 freighters from Boeing worth nearly $10 billion at list prices. It is the biggest order ever for the 767F aircraft.

McDonald's—McDonald's may start offering all-day breakfast in October, following a few months of successful testing in various markets.

Blue Buffalo Pet Products—The pet products maker's stock will begin trading today on the Nasdaq after pricing its IPO at $20 per share, above the expected range of $16 to $18.

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

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