Check out which companies are making headlines before the bell on Friday:
BlackBerry – The beleaguered smartphone maker posted a second-quarter loss that was slightly less than Wall Street estimates, but still massive – excluding items, BlackBerry lost 47 cents a share on revenue of $1.57 billion. Despite Fairfax Financial riding to its rescue with a $4.7 billion dollar buyout bid earlier this week, the company continues to be dogged by doubts about its long-term prospects.
(Read more: BlackBerry reports deep loss, revenue drop)
J.C. Penney – The struggling retailer priced an 84 million share secondary offering at $9.65 per share, which the company is using to help boost its financial position. J.C. Penney said it expects to end the year with $1.3 billion in cash, excluding the proceeds of the stock sale.
Sprint Nextel –The company's CFO Joe Euteneur said has decided to take a "wait and see" approach to offering BlackBerry in its stores. His remarks come a day after rival T-Mobile USA announced it would cut back on BlackBerry units in its stores.
(Read More: See the Day's Top Percentage Winners & Losers)