Sunday, December 3, 2023
Homemarket insiderEarly movers: CI, GOOG, AAPL, IBM, GPS, MCO & more

Early movers: CI, GOOG, AAPL, IBM, GPS, MCO & more

Check out which companies are making headlines before the bell:

Cigna–The insurer reported fourth quarter profit of $1.39 per share, excluding certain items, ten cents short of estimates. Cigna's results were impacted by higher costs in its private Medicare business, and its full year outlook is also short of Street estimates.

Wyndham Worldwide–The hotel chain matched Street estimates with quarterly profit of 73 cents per share, excluding certain items, while revenue topped consensus. Wyndham also raised its quarterly dividend to 35 cents per share from 29 cents.

Moody's–The ratings agency earned 85 cents per share for the fourth quarter, excluding certain items, beating estimates by nine cents. Moody's also gave an upbeat 2014 forecast, as strong international business helped offset a pullback in the U.S.

Apollo Global Management–The investment firm reported fourth quarter profit of 93 cents per share, eleven cents above estimates, and posted a strong topline beat as well. Chairman Leon Black called 2013 "exceptional" and gave an optimistic forecast for 2014 as well.

Lowe's–The home improvement retailer's shares were cut to "neutral" from "buy" at Goldman Sachs, citing decreasing tailwinds from the housing recovery.

Madison Square Garden– The company earned 77 cents per share for its second quarter, beating estimates by ten cents, with revenues also above estimates. MSG said it benefited from the completion of its arena renovation, as well as a return to a full National Hockey League season after the prior year's lockout.

Starbucks–Wells Fargo upgraded the stock to "outperform" from "market perform" following meetings with the coffee chain's management team. Wells said it came away from the meeting more positive on near-term and long-term growth prospects.

LinkedIn–The business social network reported fourth quarter profit of 39 cents per share, excluding certain items, one cent above estimates. Revenue was also above consensus, but the company's current quarter revenue projection falls below analyst forecasts. LinkedIn still sees revenue growth at more than 30 percent for this year, but many analysts had been more optimistic.

Apple–The tech giant has repurchased $14 billion in stock in the two weeks following its quarterly earnings release. CEO Tim Cook told the Wall Street Journal the company was taking advantage of the drop in the stock's price the day after the earnings report came out.

IBM– Big Blue is exploring the sale of its semiconductor manufacturing operations, according to reports.

Gap–The retailer is reporting a January same-store sales increase of one percent, compared to analyst forecasts of a 1.3 percent drop, while also projecting current quarter profits that top consensus estimates.

Expedia–Expedia beat estimates by six cents with fourth quarter earnings of 92 cents per share, excluding certain items. The online travel site saw gross bookings jump by 21 percent during the quarter, helped by better air and hotel business.

Google–The search giant will own a nearly six percent stake in Lenovo , following completion of the deal to sell its Motorola Mobility unit to the Chinese company.

News Corp–The owner of The Wall Street Journal and Fox News earned 31 cents per share for the fourth quarter, 11 cents above estimates. The media company saw ad and subscription revenue fall, but sales did increase in the book publishing division.

Activision Blizzard–Activision reported fourth quarter profit of 79 cents per share, excluding certain items, above estimates of 73 cents, although its current quarter and full year forecasts are slightly below consensus. The video game maker said its top selling titles like "Call of Duty" are still doing well.

Outerwall (OUTR) – Outerwall earned $1.68 per share, excluding certain items, for the fourth quarter, compared to estimates of $1.24, but its current quarter earnings and sales projections fall below Street consensus. The company also appointed new executives to run its Coinstar and Redbox divisions.

Athenahealth –Athenahealth reported fourth quarter profit of 57 cents per share, excluding certain items, 13 cents above estimates, with revenue exceeding forecasts as well. The health care software provider saw its results improve as its network of physicians expanded by 28 percent.

NCR–The tech services company topped estimates by three cents with fourth quarter profit of 83 cents per share, excluding certain items. However, revenue and its current year outlook are short of forecasts.

OpenTable–OpenTable reported fourth quarter profit of 59 cents per share, excluding certain items, seven cents above estimates, but the reservation service also projected current quarter profit that falls short of analyst forecasts.

Electronic Arts–EA is pushing back the North American release of its Xbox 360 version of "Titanfall" until March 25. The company said the game still needs some "finishing touches" but does not expect the delay to affect its fourth quarter results.

By CNBC's Peter Schacknow

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