Early movers: WMT, PRGO, CAB, DISCA, IM, GDDY, DVN, JACK & more

Traders work on the floor of the New York Stock Exchange.
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Traders work on the floor of the New York Stock Exchange.

Check out which companies are making headlines before the bell:

Wal-Mart Stores — The retail giant beat estimates by 3 cents with adjusted quarterly profit of $1.49 per share, but revenue was shy of estimates as the company battled the effects of a stronger dollar. Wal-Mart also trimmed its full-year revenue forecast based on the U.S. currency's continued strength. The company also raised its annual dividend to $2 a share from $1.96 a share.

Perrigo — The maker of branded health care products fell 13 cents shy of estimates with adjusted quarterly profit of $1.80 per share, with revenue also missing the mark.The company also cut the high end of its 2016 profit forecast, which it had raised in January.

Cabela's — The sporting goods retailer earned an adjusted $1.26 per share for its latest quarter, 5 cents above estimates. Revenue also beat forecasts, despite what the company calls a negative weather impact on sales of fall and winter apparel and footwear products.

Discovery Communications — The media company fell 7 cents short of estimates with quarterly profit of 34 cents per share, with revenue slightly below analyst forecasts. Discovery was impacted by the effects of a stronger dollar on its international operations.

Ingram Micro — The technology products distributor agreed to be bought by China's HNA Group for about $5 billion, or $38.90 per share. Ingram had closed Wednesday at $29.65 per share.

GoDaddy — GoDaddy reported a breakeven quarter, better than the loss of 3 cents per share that analysts were anticipating. The web hosting company also saw revenue come in slightly above forecasts, but it did project current quarter revenue that falls below Street consensus due to a strong dollar.

Devon Energy — Devon announced a 55 million share stock offering, with the oil and gas producer planning to use the proceeds to improve its liquidity.

NetApp — NetApp came in 2 cents above estimates with adjusted quarterly profit of 70 cents per share, while the data storage products maker saw revenue fall below forecasts due to weaker demand. It also gave a weaker than expected outlook for this year and announced plans to cut about 12 percent of its workforce.

Jack In The Box — Jack In The Box fell 10 cents short of estimates with quarterly profit of 93 cents per share, while revenue for the restaurant chain also missed analysts forecasts. A decline in customer traffic is also prompting the company to issue weaker than expected 2016 guidance.

Brocade Communications — Brocade saw quarterly profit come in at an adjusted 29 cents per share, 5 cents above estimates, with revenue also beating forecasts. The maker of communications equipment was helped by lower tax rates, among other factors.

Nvidia — Nvidia beat estimates by 3 cents with quarterly profit of 35 cents per share, while revenue also beat analyst projections. The maker of graphics chips issued upbeat current quarter guidance, as sales to high end manufacturers offset a decline in personal computer sales.

SunPower — SunPower reported adjusted quarterly profit of $1.73 per share, beating estimates of $1.52, with revenue also beating forecasts. The solar power company also said strong demand will continue this year, although it did give full year revenue guidance that falls below Street estimates.

Newmont Mining — Newmont earned an adjusted four cents per share for its latest quarter, eight cents below estimates, with revenue matching forecasts. The mining company's results were hurt by lower prices, among other factors.

Marriott — Marriott came in 1 cent above estimates with quarterly earnings of 77 cents per share, while revenue was essentially in line. The hotel chain did report improvements in occupancy and average room rates.

General Electric — GE CEO Jeff Immelt missed out on part of a stock award worth more than $3 million, due to falling short in one of two performance targets set five years ago.

Marvell Technology — Marvell will pay Carnegie Mellon $750 million to settle a long running patent dispute involving hard disk drive technology.

Barrick Gold — The mining company lowered its 2016 production forecast, amid an overall slump in gold prices.


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