Early Movers: LULU, ORCL, JBL & More
Check out which companies are making headlines before the bell on Thursday:
Lululemon Atlectica - Lululemon's fourth-quarter profit beat estimates, but its current-quarter and full-year outlook are short of consensus. Earlier this week, Lululemon had warned that its fiscal-year outlook would fall short of projections, following the withdrawal of a popular line of yoga pants from its store shelves because they were too sheer.
Oracle - The software producer reported fiscal third-quarter profit of $0.65 per share, one cent below estimates. Revenue also fell short, as software sales and subscriptions dropped 2 percent compared to Oracle's forecast of a 3-13 percent rise.
Jabil Circuit - Jabil also fell one cent short of Street estimates, reporting fiscal second-quarter profit of $0.53 per share, though revenue did slightly exceed Street forecasts. The contract electronics maker also forecast current-quarter earnings and revenue below analyst estimates. Analysts point to the fact that Jabil's largest customer, Apple, is currently preparing for product transitions.
(Read More: See the Day's Top Percentage Winners & Losers)
Guess - The company reported higher-than-expected fourth-quarter earnings and revenue, but the apparel maker is forecasting current-quarter and full-year earnings below analysts' forecasts. Guess has been seeing falling sales in both North America and Europe, and the company said it continues to see a challenging macroeconomic environment.
Tumi Holdings - Tumi reported fourth-quarter profit of $0.25 per share, excluding certain items, one cent below estimates, with revenue also shy of consensus. The luggage maker also forecast earnings for this fiscal year below Street forecasts.
Dell - Blackstone Group has reportedly asked Oracle executive and former Hewlett-Packard CEO Mark Hurd if he wants to run Dell, according to Reuters. Blackstone is currently investigating the possibility of making an offer for Dell, currently set to be bought out by CEO Michael Dell and partners for $13.65 per share.
(Read More: Better Dell Deal Unlikely: Pro)
Suntech Power - The solar panel maker has filed for bankruptcy protection, as the global solar industry continues to slump. The bankruptcy could impact shares of other publicly traded solar stocks such as First Solar, SolarCity, and SunPower.
J.C. Penney - Bondholders have withdrawn a claim of default against the retailer. The dispute centered on Penney using inventory as collateral for a credit agreement.
(Read More: JC Penney Turnaround More Costly, Could Take Longer)
AstraZeneca - The company is cutting another 2,300 jobs from sales and administration as new CEO Pascal Soriot continues efforts to turn the drugmaker around.
Boeing - Boeing plans to conduct two flight tests for its revamped 787 battery system within the next few days, most likely during the weekend. It would be the first test flight of the now grounded 787 since last month.
Yahoo - Yahoo has been upgraded to "outperform" at Oppenheimer, which has also increased its Yahoo price target to $27 from $22 per share.
(Read More: See CNBC's Market Insider Blog)
—By CNBC's Peter Schacknow
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