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Early Movers: RH, NWSA, SWHC, P & More

Friday, 14 Jun 2013 | 8:00 AM ET

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

Restoration Hardware—The company reported first quarter profit of 6 cents per share, excluding certain items, two cents above estimates. Revenues also beat consensus, as did the furniture retailer's raised forecast for the current quarter.

News Corp. — The media giant announced its chief financial officer David DeVoe will retire at the end of the fiscal year on June 30. He'll be replaced by deputy CFO John Nallen.

Smith & Wesson —The company expects fourth quarter financial results to top Street estimates on both the top and bottom lines when it reports its numbers on June 25. The gun maker pegs its preliminary Q4 earnings at 44 cents per share, four cents above estimates. It also plans to buy back up to $100 million in shares.

Market Correction Creates Buying Opportunity: Expert
Jeremy Siegel, Wharton professor of finance, and Barry Knapp, Barclays, discuss the long-term and short-term impact of the Fed's tapering process on the markets.

Pandora — The Internet radio site is the target of a lawsuit by Broadcast Music Inc., better known as BMI, over licensing fees. That comes after Pandora rejected a request to pay higher fees for playing songs across multiple devices.

Boeing (BA) — Boeing is expected to announce plans next week for a larger version of its 787 Dreamliner, according to multiple sources. The new version – to be announced at the Paris Airshow next week, would hold 323 passengers.

Google — The search giant is the target of an informal EU probe over the pricing of its Android mobile phone operating system, according to the Financial Times. The probe comes following complaints by Google competitors. Separately, Evercore has added the company's shares to its "conviction buy" list.

GameStop — Oppenheimer upgraded the video game seller to "outperform" from "perform", saying the upcoming launches of the PlayStation 4 and the Xbox One will drive a resurgence in sales and earnings.

Groupon — Deutsche Bank upgraded Groupon to "buy" from "hold", saying a best-case scenario will see shares double.

DuPont (DD) - Bankof America/Merrill Lynch downgraded DuPont to "neutral" from "buy".

Generac — Funds affiliated with the generator maker's largest shareholder, CMP Capital, are selling 6.5 million shares or about 9.5 percent of the company's outstanding shares.

(Read More: See CNBC's Market Insider Blog)

—By CNBC's Peter Schacknow

Questions? Comments? Email us at marketinsider@cnbc.com

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RH
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FOXA
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SWHC
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PANDORA
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BA
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GOOGL
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GME
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GROUPON
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DD
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GENERAC HLD
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SWY
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DIS
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AZO
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MW
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ULTA
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CME
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S
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DISH
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WM
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IP
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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.

  • Sharon Epperson is CNBC's senior commodities 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.

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