Early movers: QCOM, CS, URBN, SWKS, TWTR, PG & more

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Check out which companies are making headlines before the bell:

Qualcomm—The chipmaker announced a 14-percent dividend hike to 48 cents per share as well as a $15 billion stock buyback program.

Credit Suisse—The bank has named Prudential PLC chief Tidjane Thiam as its new chief executive officer. His appointment will become effective at the end of June, when current CEO Brady Dougan will step down.

Hewlett-Packard—UBS upgraded HP to "buy" from "neutral," noting a recent pullback in the stock's price and CEO Meg Whitman's upgrade of the executive team.

Urban Outfitters—The apparel retailer reported quarterly profit of 60 cents per share, 2 cents above estimates, with revenue in line. Comparable store sales were up six percent for the quarter, better than the two percent reported for the full year. Urban's rise in comparable store sales was its first in a year.

United Continental—The airline reports passenger traffic was unchanged from a year ago in February, but capacity was lower, resulting in a higher "load factor."

Skyworks Solutions—Skyworks will join the S&P 500 after the closing of trading tomorrow. The semiconductor maker will replace PetSmart—which is being sold to private equity firm BC Partners—in the benchmark index.

PNC Bank—The bank has been ordered to pay $391 million in damages, related to an alleged insurance scam involving prepaid funeral contracts.

Procter & Gamble—P&G's Crest toothpaste division has been fined nearly $1 million in China for alleged false advertising.

FedEx—The delivery and logistics company will have to face claims related to alleged delivery of contraband cigarettes in New York State and New York City and depriving them of millions in tax revenue.

Zoetis—The stock is rising on speculation that investor Bill Ackman might press Valeant Pharmaceuticals to go after Zoetis, in which Ackman has a stake. That follows Monday's news that Ackman has purchased a $3.3 billion stake in Valeant, which he aided in its unsuccessful attempt to buy Allergan last year.

Supervalu—Deutsche Bank upgraded the supermarket operator to "buy" from "hold," calling it undervalued.

Twitter—The company has opened an office in Hong Kong, even as its services are blocked in mainland China.


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