Early Movers: GMCR, GRPN & More
Check out which companies are making headlines before the bell on Thursday:
Green Mountain Coffee - Green Mountain announced an expansion of its partnership with Starbucks. The coffee retailer will triple the number of products offered on Green Mountain's Keurig Platform, and will continue the partnership for at least the next five years. At the same time, Green Mountain reported quarterly profit of $0.93 per share, excluding certain items, 19 cents a share above estimates.
Groupon - Groupon reported first-quarter profit of $0.03 per share, excluding certain items, matching Street estimates, while revenue exceeded analysts' forecasts and rose at a faster than expected 7.5 percent rate.
News Corp. - News Corp. earned $0.36 per share for the third quarter, one cent a share above estimates, while revenue beat consensus, as well. The company's results were helped by improved performance in its cable networks segment.
(Read More: See the Day's Top Percentage Winners & Losers)
Activision Blizzard - The videogame maker reported first-quarter profit of $0.17 per share, six cents a share above estimates, while its revenue also came in above analysts' consensus. However, it gave a cautious outlook for the remainder of the year because of slowing "World of Warcraft" game results, as well as concerns about updates to videogame consoles by companies like Nintendo, Microsoft, and Sony.
Monster Beverage - Monster earned $0.37 per share for the first quarter, missing estimates by nine cents a share, while revenue also came up short. The energy drink maker saw higher operating expenses, as well as negative impact from foreign currency transactions.
Transocean - Transocean reported first-quarter profit of $0.93 per share, excluding certain items, seven cents a share below estimates, with revenue coming up shy of consensus, as well. Equipment problems prevented Transocean's oil drilling rigs from operating for various periods of time during the quarter.
Barnes & Noble - The company is considering a Microsoft offer to pay $1 billion for the assets of its Nook division, according to TechCrunch.
Costco Wholesale - The warehouse retailer reported a 4 percent increase in April same-store sales, below analysts' estimates of 4.5 percent. Costco sales were impacted by lower fuel prices and the tronger dollar.
Tesla Motors - The electric car maker reported the first quarterly profit in its history and raised its sales outlook, saying sales could will reach 21,000 this year. Goldman Sachs has downgraded the stock to "neutral" from "buy" on a valuation basis, noting a 59 percent jump since March 19.
(Read More: See CNBC's Market Insider Blog)
—By CNBC's Peter Schacknow
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