Early Movers: EA, SKUL, LULU & More
Check out which companies are making headlines before the bell on Tuesday:
Electronic Arts - John Riccitiello has stepped down as chief executive officer of the videogame maker. Chairman Larry Probst, who served as CEO from 1991 through 2007, will serve as interim CEO while a search is conducted for a permanent replacement.
Skullcandy - Skullcandy also has a new CEO, appointing Nike executive Hoby Darling to the position. Company founder Rick Alden had been serving as the headphone maker's interim CEO since Jeremy Andrus stepped down last month.
(Read More: Dr. Dre Is Taking SKUL to School)
Lululemon Athletica - Lululemon is forecasting first-quarter revenue of $333 million to $343 million, below Wall Street expectations of $354 million. This comes after the maker of athletic wear decided to pull yogawear products from store shelves because some shipments fell short of its standards. Lululemon said the move will have a "significant impact" on financial results and will lead to a shortage of its yoga pants in stores.
(Read More: See the Day's Top Percentage Winners & Losers)
FactSet Research Systems - The provider of financial information reported fiscal second-quarter profit of $1.14 per share, excluding certain items, two cents above estimates. While pleased with the quarter's results, CEO Philip Hadley said the company continues to operate in a challenging sell-side environment.
DSW - The shoe retailer earned $0.69 per share for the fourth quarter, excluding certain items, three cents below estimates. Revenue also came up short, and DSW said it doesn't yet know how 2013 will evolve.
Boeing - The jet maker has struck a deal to sell 175 737-800 jets to Ryanair. The jets are worth almost $15.6 billion at current list prices. Separately, Boeing's technical workers have approved a new four-year contract, after rejecting that pact in the initial vote held last month.
Affymax - The company is planning to cut its workforce by 75 percent, and the biotech firm is also considering putting itself up for sale. Affymax is focusing its resources on an investigation surrounding its flagship anti-anemia drug Omontys.
Citigroup - Citi will pay $730 million to settle a class action suit brought by investors in the bank's debt and preferred stock from 2006 to 2008. Those investors had charged Citi with providing misleading disclosures.
Transocean - Chief Executive Officer Steven Newman will testify today at the trial to determine causes and responsibility for the 2010 Gulf oil spill. Newman also testified before Congress when it held hearings on the disaster.
The Washington Post Co. - The paper announced it will put up a paywall on its website, similar to what other major newspapers have done. The Post will allow readers 20 free articles per month.
AmerisourceBergen - The drug distributor has signed a 10-year distribution contact with Walgreen and Walgreen affiliate Alliance Boots. As part of the deal, Walgreen and Alliance Boots gain the right to buy up to 23 percent of AmerisourceBergen.
EBay - Cantor Fitzgerald has upgraded the stock to "buy" from "hold," saying the online auctioneer's shares are attractive following a recent sell-off.
Kohl's - Morgan Stanley has downgraded the retailer's shares to "underweight" from "equalweight," saying macroeconomic headwinds may make it difficult for Kohl's to meet Street consensus earnings estimates.
Deere - UBS has downgraded Deere's stock to "neutral" from "buy," due in part to an expected correction in corn prices. Historically, Deere's stock performance has tracked the trend of corn prices closely.
(Read More: See CNBC's Market Insider Blog)
—By CNBC's Peter Schacknow
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