Early Movers: ADBE, FB, PAY & More
Check out which companies are making headlines before the bell on Friday:
Adobe Systems – The software maker reported fiscal fourth-quarter profit of $0.61 per share, four cents above estimates, with revenue also above consensus. The quarter also saw faster-than-expected adoption of Adobe's Creative Cloud Service.
Clearwire - Sprint Nextel's offer to buy the 49 percent of Clearwire it doesn't own is running into some snags, according to CNBC's David Faber. Clearwire shareholders want more than the $2.90 per share that Sprint is offering, but Japan's Softbank, which is buying 70 percent of Sprint, wants to cap the price that Sprint can offer.
Verifone Systems – Verifone reported fiscal fourth-quarter profit of $0.76 per share, matching estimates. However, revenue was below consensus, as was the electronic payments company's first-quarter earnings and revenue forecasts. Costs of recent major acquisitions have been weighing on profits, as have efforts to expand beyond Verifone's traditional payment terminal business.
Nordson – Nordson earned $1.07 per share for its third quarter, four cents above estimates, with revenues handily beating consensus. Nordson's beat came in the wake of wide ranging sales growth, aided by recent acquisitions. Nordson is a maker of equipment that applies adhesives and sealants to a variety of products.
Amgen – The company has increased its first quarter dividend by 31 percent to $0.47 per share. The biotech company has also upped its share repurchase authorization by $2 billion.
Wynn Resorts – Wynn has called a special shareholder meeting to vote on removing former Steve Wynn business partner Kazuo Okada from the casino operator's board. CNBC's Jane Wells reports the meeting is likely to take place in February. Okada has been accused by the company of engaging in improper practices, allegations he has denied.
United Technologies – The industrial conglomerate sees 2013 earnings of $5.85 to $6.15 per share, versus consensus estimates of $6.12 a share. It also sees 2013 revenue of $64 billion to $65 billion, which is below estimates of $66.4 billion.
Apple – Apple is debuting its iPhone 5 in China today, a move which will help it reverse the slide in its market share in that country.
Pfizer – The drugmaker may launch an initial public offering for its animal health unit in early 2013, according to The Wall Street Journal. The paper says the offering could be worth about $4 billion.
Alcatel-Lucent – Alcatel has inked a $2.1 billion debt financing deal from Credit Suisse and Goldman Sachs. The telecommunications equipment maker's deal is backed in part by its patent portfolio, as it seeks to shore up a business that has been hit hard by lower-cost equipment from China and a cut in spending by telecom operators.
PPG Industries – PPG has purchased the U.S. house paint unit of Amsterdam's Akzo Nobel for just over $1 billion. Akzo is the primary supplier of paint to Wal-Mart Stores and is also the company behind the Glidden paint brand.
Discovery Communications – The cable channel operator has acquired SBS Nordic, an operator of 12 TV networks in Europe, from ProSiebenSat.1 Group in a $1.7 billion deal. It's also announced a $1 billion increase in its share repurchase program
(Read More: See CNBC's Market Insider Blog)
—By CNBC's Peter Schacknow
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