Early Movers: BLC, GCI, HRB, AAPL & More
Check out which companies are making headlines before the bell on Thursday:
H&R Block — The tax preparation company reported fiscal fourth quarter profit of $2.42 per share, 19 cents below estimates. Revenue also fell short as the company's tax services business did not perform to expectations.
PVH — The clothing maker earned $1.91 per share, excluding certain items, for its first quarter, well above estimates of $1.35. Revenue was essentially in line for the company, and it's adjusted its current quarter forecast to $1.35 per share, in line with Wall Street estimates. PVH is benefiting from increased sales for its Tommy Hilfiger and Calvin Klein brands.
Apple — Apple is reportedly considering iPhones with bigger screens, as well as cheaper models, according to Reuters.
BlackBerry — The stock was upgraded to "buy" from "sell" at Societe Generale, which cited better than expected sales of BlackBerry 10 handsets.
Coty — The personal care products company priced its IPO at $17.50 per share, in the middle of the expected range. It will begin trading today on the New York Stock Exchange.
Five Below — Five Below earned 5 cents per share for the first quarter, one cent above estimates, with revenues also beating consensus. The discount retailer is also guiding its current quarter results above Street estimates, thanks to improving same store sales.
Safeway — The grocer is selling its Canadian operations to Sobeys, the largest grocery chain in the Canadian province of Alberta, for $5.7 billion. Safeway will use the proceeds to pay down debt and buy back stock.
AutoZone —The company has announced an additional $750 million stock buyback program. The auto parts retailer also said Executive VP/General Counsel Harry Goldsmith will retire next January.
Men's Wearhouse — Men's Wearhouse earned 65 cents per share for the first quarter, ten cents above estimates, with revenues also beating analyst estimates. The clothing retailer's results were helped by a boost in tuxedo rentals, stemming from an earlier Easter.
Clearwire —The communications giant is now supporting a buyout offer from Dish Network, switching from its earlier support for a takeover by majority shareholder Sprint Nextel . Dish is offering $4.40 per share for the wireless network operator.
Waste Management —The environmental services company's shares were lowered to "neutral" from "attractive" at Goldman Sachs on a valuation basis.
International Paper — The stock was upgraded to "buy" from "neutral" and added to the "conviction buy" list at Goldman Sachs, which points to price hikes and increased capital allocation.
(Read More: See CNBC's Market Insider Blog)
—By CNBC's Peter Schacknow
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