GO
Loading...

Early Movers: GE, MDLZ, DELL & More

Check out which companies are making headlines before the bell on Friday:

McDonald's - McDonald's reported first quarter profit of $1.26 per share, a penny below estimates. Global comparable sales were down 1 percent for the quarter, with China and Japan weakness helping drive sales in the Asia/Pacific, Middle East, and Africa (APMEA) region down 3.3 percent.

General Electric - GE earned 35 cents per share for the first quarter, matching estimates, with revenues slightly above consensus.

Mondelez, PepsiCo - Nelson Peltz's Trian is making a $2.5 billion investment, splitting it evenly between the two companies.

Dell - Blackstone has dropped out of the bidding to buy the computer maker.

J.C. Penney - CNBC's Kayla Tausche reports that Goldman Sachs and J.P. Morgan Chase are among banks proposing loans of up to $1 billion for the retailer that would be backed by the company's real estate. The company is near closing a separate, $500 million loan backed by its inventory as it buys products for the back-to-school season.

Separately, chief operating officer Michael Kramer has left the company, according to an SEC filing. He will receive a lump sum cash payment of $2.1 million, and his restricted stock units will vest.

IBM - IBM reported first quarter profit of $3 per share, excluding certain items, 5 cents below estimates, with revenues also falling short of consensus. IBM also issued a full-year earnings forecast below estimates, and says it will accelerate the pace of job cuts after sales of software and mainframe computers slowed.

Microsoft - Microsoft earned 72 cents per share for its fiscal third quarter, 4 cents above estimates, with revenues in line with consensus. Separately, the software giant announced that chief financial officer Peter Klein will leave in June after 3-1/2 years in that job and 11 years with the company. Microsoft plans to name a new CFO from within its ranks within the next few weeks.

Google - Google reported first quarter profit of $11.58 per share, above estimates of $10.66, though revenues were slightly short, as prices for online ads on mobile devices drop. However, the rate at which those ad prices are dropping is slowing down.

Baker Hughes - The oilfield services company earned 65 cents per share for the first quarter, three cents above estimates, and has also forecast a modest increase in U.S. rig counts.

State Street - The bank reported first quarter profit of 96 cents per share, three cents above estimates, as it made more money from servicing feeds.

Under Armour - The sports apparel maker earned 7 cents per share for the first quarter, beating estimates by four cents, with revenues beating forecasts as well. The company has increased its 2013 revenue guidance, but the range of $2.21 billion to $2.23 billion is still partially below estimates of $2.23 billion.

Chipotle Mexican Grill - Chipotle reported first quarter profit of $2.45 per share, beating estimates of $2.13. The restaurant chain managed to increase profits despite a significant rise in food prices.

Vertex Pharmaceuticals - The drugmaker reported a successful trial for its experimental cystic fibrosis drug, with improved lung function in patients who took the drug known as VX-661 in combination with an already approved treatment called Kalydeco.

Intuitive Surgical - Intuitive earned $4.56 per share for the first quarter, well above estimates of $3.98. Revenues also beat consensus, but the maker of surgical products narrowed its 2013 revenue growth forecasts. Intuitive has often raised its forecasts over the course of the year, based on increases in procedures using its da Vinci surgical robots.

Advanced Micro Devices - The chipmaker lost 13 cents per share for the first quarter, five cents smaller than estimates. It's also forecasting current quarter revenue above Street consensus, as it deals with declining personal computer sales.

Restoration Hardware - The company beat estimates by three cents with fiscal fourth quarter profit of 64 cents per share, excluding certain items. Revenue was above consensus, as the home products retailer continues to gain market share.

SeaWorld - The theme park operator's shares will begin trading Friday after its initial public offering was priced at $27 per share, above the planned price range. The company will trade under the ticker symbol "SEAS."

Symbol
Price
 
Change
%Change
GE
---
MDLZ
---
PEP
---
4331
---
JCP
---
GS
---
JPM
---
IBM
---
MSFT
---
GOOGL
---
BHI
---
STT
---
UA
---
CMG
---
VRTX
---
ISRG
---
AMD
---
RH
---
MCD
---

Featured

  • Patti Domm

    Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.

  • A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

  • CNBC Senior Commodities Correspondent and Personal Finance Correspondent

  • JeeYeon Park is a writer for CNBC.com. Follow her on Twitter: @JeeYeonParkCNBC

  • Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.

  • Senior Producer at CNBC's Breaking News Desk.