Early Movers: ANF, PG, FL, P, SHLD & More
Check out which companies are making headlines before the bell on Friday:
Abercrombie & Fitch —The clothing retailer reported a quarterly loss of 9 cents per share, four cents wider than estimates, with revenue falling short of consensus as well. Abercrombie's full year forecast is also short of estimates, after a quarter which saw comparable store sales fall by 15 percent.
Foot Locker — The athletic shoe and apparel retailer earned 91 cents per share, excluding certain items, three cents above estimates. Foot Locker's quarterly profit reached a record high, as comparable store sales rose 5.2 percent.
Procter & Gamble — Former CEO A.G. Lafley has returned to that post effective immediately, replacing the man who succeeded him in 2009, Bob McDonald.
Pandora Media — Pandora lost 10 cents per share during the first quarter, matching estimates, yet both revenue and the current quarter forecast came in above analyst forecasts. The online radio service saw revenue jump 58 percent as it attracted new subscribers and grew mobile advertising revenue.
Marvell Technology — Marvell earned 19 cents per share for the first quarter, excluding certain items, five cents above estimates. Its revenue also came in above Street consensus, and the chipmaker's current quarter forecast is also largely above forecasts. Marvell saw strong demand for its storage and networking chips during the quarter.
Williams-Sonoma —The company reported first quarter profit of 41 cents per share, four cents above estimates, with revenue beating forecasts as well. The housewares retailer also increased its full year forecast on stronger comparable store sales.
Salesforce.com — Salesforce matched Street estimates with first quarter earnings of $0.10 per share, excluding certain items. Revenue for the business software producer was above estimates as well, but it issued a disappointing forecast for the current quarter.
Gap — The clothes retailer beat estimates by two cents, with first quarter profit of 71 cents per share, and bested the Street's revenue estimates as well. Gap's profits were 43 percent above year earlier levels as Gap continues to execute a successful turnaround.
Sears — Sears lost $1.29 per share for the first quarter, excluding certain items, more than double the $0.60 predicted by analysts, though revenue was slightly above estimates. Chairman Edward Lampert called the retailer's recent financial performance unacceptable, as both revenues and profit margins fell during the quarter.
Dish Network — Dish has secured $9 billion in financing for its $25.5 billion takeover bid of Sprint Nextel (S), according to Dow Jones. Dish is competing with Japan's SoftBank, which has a deal in place to buy 70 percent of Sprint for $20.1 billion.
Aeropostale — The clothing retailer lost 16 cents per share for the first quarter, a cent smaller than estimated, but investors are focusing on the company's current quarter forecast — which calls for a much bigger loss than analysts had expected. Aeropostale has been discounting heavily to clear unsold inventory.
Tempur-Pedic —The company will now be known as Tempur Sealy, as the mattress maker's shareholders approve the name change following its acquisition of fellow mattress producer Sealy in March.
Campbell Soup — Campbell is buying organic baby food maker Plum Organics for an undisclosed sum.
(Read More: See CNBC's Market Insider Blog)
—By CNBC's Peter Schacknow
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