Early Movers: F, PFE, HOG & More
Senior Producer, CNBC
Check out which companies are making headlines before the bell on Tuesday:
Ford Motor - The automaker earned $0.31 per share for the fourth quarter, above estimates of $0.25, with revenue also beating consensus. Ford did increase its estimate of European losses for this year to $2 billion from $1.75 billion, but said this year will see the bottom in the European market.
Pfizer - The drugmaker reported fourth quarter profit of $0.47 per share, excluding certain items, three cents above estimates. Revenue was also above analysts' forecasts, though it did fall due increasing competition from generic drugs.
Harley-Davidson - The motorcycle maker missed estimates by a penny with quarterly profit of $0.31, though revenue did register a beat. Harley reduced shipments during the quarter due to an upgrade at its largest assembly plant.
Eli Lilly - Lilly earned $0.85 per share for the fourth quarter, seven cents above estimates, with revenue also above consensus. Like Pfizer, Lilly is also facing increasing competition from generic drugs, but said its new products are making up for revenue lost to patent expirations.
Yahoo - Yahoo reported fourth-quarter profit of $0.32 per share, four cents above estimates, with revenue essentially in line. Yahoo's current-quarter revenue projection is below consensus, but its full-year projections topped consensus. Yahoo did benefit from higher ad prices in its first full quarter under CEO Marissa Mayer.
(Read More: The Chief of Yahoo Lifts Sales, and Spirits)
Seagate Technology - Seagate earned $1.38 per share for its fiscal second quarter, above estimates of $1.27. Revenue also came in above consensus, with hard disk drive shipments up about 23 percent from a year earlier. However, it does see third-quarter revenue below Street estimates.
VMWare - The company beat estimates by three cents with a fourth-quarter profit of $0.81 per share, but its first-quarter and full-year revenue projections came in below Street consensus. The software maker is also cutting 900 jobs as part of a restructuring plan.
BMC Software - BMC earned $0.99 per share for its third quarter, two cents below estimates, with revenue also missing consensus. The business software maker is also forecasting a lower-than-expected profit for the current fiscal year. It cites fewer license sales at its enterprise and mainframe management businesses.
Plum Creek Timber - Plum Creek earned $0.49 per share for the fourth quarter, 20 cents above estimates, with revenue also beating consensus by a wide margin. The real estate investment trust — one of the largest private timberland owners — is benefiting from a rebound in housing.
J.C. Penney - The retailer will begin offering targeted discounts, according to an Associated Press report. That would be a change of strategy for Penney, which had stopped discounting under CEO Ron Johnson.
UBS - The Swiss bank will be required to turn over records about certain U.S. taxpayers to the Internal Revenue Service, following a judge's ruling. The IRS wants information about taxpayers who may be holding bank accounts in Switzerland to avoid taxes.
(Read More: Three Simple Ways to Get a Bigger Tax Refund)
Goldman Sachs - The investment bank has raised about $1 billion through a sale of part of its stake in Industrial & Commercial Bank of China, according to Dow Jones.
(Read More: See CNBC's Market Insider Blog)
—By CNBC's Peter Schacknow
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