Early Movers: VFC, DHI, TYC & More
Check out which companies are making headlines before the bell on Friday:
VF Corp. - The company behind such brands as North Face, Wrangler, and Timberland reported first-quarter profit of $2.43 per share, excluding certain items, compared to estimate of $2.19. VF also reported record gross margins during the quarter.
D.R. Horton - The home builder reported fiscal second-quarter profit of $0.32 per share, 13 cents above estimates, with revenue also ahead of consensus. Net sales orders increased by 34 percent during the quarter compared to a year earlier, with order backlogs up 54 percent.
Tyco International - The maker of security systems reported fiscal second-quarter profit of $0.42 per share, excluding certain items, three cents above estimates, with revenue also beating consensus.
(Read More: See the Day's Top Percentage Winners & Losers)
Amazon.com – The online retailer reported first-quarter profit of $0.18 per share, 10 cents above estimates, though revenue was slightly short of estimates. One of the most positive notes in Amazon's report was a gross profit margin of 26.6 percent, the highest in at least 10 ears.
Starbucks – Starbucks reported fiscal second-quarter profit of $0.48 per share, in line with estimates, though its current-quarter profit outlook is short of what analysts had been anticipating. For the full year, the coffee chain has raised its earnings-per-share outlook to $2.12 to $2.18 per share, compared to consensus estimates of $2.16 a share, as U.S. sales increase.
Expedia – Expedia earned $0.25 per share for the first quarter, excluding certain items, two cents above estimates, with revenue also beating analyst estimates. The travel services provider's growth has been helped by technology upgrades, with gross bookings up 16 percent in the latest quarter.
Yahoo - Chairman Fred Amoroso resigned effective immediately, to be replaced by current director Maynard Webb Jr. Amoroso had told Yahoo when he became chairman last year that he only intended to serve for one year.
Goodyear Tire - Goodyear earned $0.45 per share for the first quarter, excluding certain items, 15 cents above estimates. Revenue, however, was below estimates, partly on weakness on Goodyear's European markets.
Baidu – Baidu reported first-quarter profit of $1 per share, excluding certain items, missing estimates by three cents. China's largest search engine saw its results impacted by higher traffic acquisition costs.
Coinstar – Coinstar earned $0.93 per share for the first quarter, seven cents above estimates, and raised its full-year profit forecast. The improved forecast comes on stronger growth for its Redbox video rental business. Separately, Coinstar is planning to change its corporate name to Outerwall, pending shareholder approval.
VeriSign – VeriSign earned $0.58 per share for the first quarter, excluding certain items, four cents above estimates, with revenue beating forecasts, as well. The Internet domain name provider also reported improved profit margins.
Wynn Resorts – The casino operator reported first-quarter profit of $2.03 per share, excluding certain items, well above estimates of $1.55 a share. The beat came on the strength of increased revenue from its operations in Macau.
International Game Technology – IGT scored a six cent earnings beat with fiscal second-quarter profit of $0.36 per share. Revenue also beat estimates on improved sales of its slot machines, and IGT also raised its full-year forecast.
Humana - Humana raised its quarterly dividend to $0.27 per share from $0.26 a share. The hospital operator's increased payout will come on July 26 to shareholders of record as of June 28.
United Parcel Service – UPS reached a tentative five-year deal with the Teamsters Union that covers nearly 250,000 workers. The current contract expires on July 31.
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—By CNBC's Peter Schacknow
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