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Early movers: MDLZ, TSLA, ODP, BLMN & more

A trader works on the floor of the New York Stock Exchange.
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A trader works on the floor of the New York Stock Exchange.

Check out which companies are making headlines before the bell:

Mondelez– Mondelez and DE Master Blenders won European Union approval for their proposed $7 billion coffee business combination. That approval came after the two companies agreed to sell various assets to lessen competitive concerns.

Tesla–Jefferies initiated coverage of the automaker's stock with a "buy" rating, saying concerns about China sales are "overblown".

Office Depot– The office supply chain matched estimates with adjusted earnings of 13 cents per share, but revenue was below estimates and the company said its 2015 sales would be lower than they were last year. Office Depot is in the process of being acquired by rival Staples.

Archer Daniels Midland–The agricultural products company beat estimates by six cents with adjusted quarterly profit of 77 cents per share, although revenue fell below estimates. Corn processing was the biggest drag on sales, with lower ethanol production volumes and weaker profit margins.

Bloomin' Brands–The parent of the Outback Steakhouse chain earned an adjusted 54 cents per share for its latest quarter, beating estimates by one cent, with revenue essentially in line. Same-restaurant sales in the U.S. increased by 3.6 percent over a year earlier.

Emerson Electric–Emerson missed estimates by 11 cents with adjusted quarterly profit of 65 cents per share, with revenue essentially in line. The industrial products maker cited negative impact from currency fluctuations and divestitures, and said headwinds in its end markets have been much more severe than anticipated.

Sprint–Sprint matched estimates with a quarterly loss of six cents per share, with revenue also below forecasts. However, the mobile services provider also said it added 1.2 million net new customers during the quarter, its biggest increase in nearly three years.

Discovery Communications– The cable network operator earned an adjusted 42 cents per share for its latest quarter, beating estimates by 7 cents, as its programming saw wider distribution both in the U.S. and internationally.

EOG Resources– EOG reported adjusted quarterly profit of three cents per share. Analysts had expected a breakeven quarter. The oil and gas producer was helped by cost cutting even as oil prices fell.

Anadarko Petroleum–Anadarko lost 72 cents per share for its latest quarter, eight cents more than expected, with revenue also missing the mark. The oil and gas company, like its competitors, is being hurt by lower oil prices, though it, too, has implemented a series of cost-saving measures.

Tenet Healthcare–Tenet earned an adjusted 67 cents per share for its latest quarter, well above estimates of 31 cents, with revenue also above forecasts. The hospital operator saw paying admissions rise by 6.2 percent, a reflection of more patients with health insurance.

Texas Roadhouse–Texas Roadhouse beat estimates by two cents with quarterly profit of 46 cents per share, while revenue was slightly below analyst forecasts. The restaurant operator was helped by an 8.9 percent increase in comparable restaurant sales at company-owned locations and an 8 percent increase at franchised outlets.

Brink's–Brink's has a new major shareholder, as Starboard Value disclosed an 8.2 percent stake in the security services company. Starboard said the shares are undervalued, and that it may discuss various strategies to increase shareholder value with Brink's management.

Morgan Stanley–The investment bank could lose more than $290 million from a Deutsche Bank lawsuit over mortgage securities, according to a Securities and Exchange Commission filing.

DaVita HealthCare Partners– DaVita agreed to pay $450 million to settle a lawsuit accusing the company of deliberately wasting drugs to receive higher Medicare payments.

Cisco Systems–Cisco will unveil new broadband-related products today, in hopes of cashing in on a move by cable companies to boost their broadband delivery speeds.

Panera Bread–The restaurant announced plans to remove at least 150 artificial sweeteners, preservatives and other products from its menu by the end of 2016.

Facebook–Facebook investor NorthStar Asset Management is backing a shareholder proposal that would eliminate so-called "supervoting" stock and diminish CEO Mark Zuckerberg's control of the social networking giant.

Goldman Sachs– Goldman has hired former Discover Financial executive Harit Talwar to lead an effort to build its digital banking services.


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