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Early movers: PG, JCP, CI, TWC, BZH, CBS & more

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

Procter & Gamble — The consumer products maker reported fiscal fourth quarter profit of 79 cents per share, two cents above estimates. CFO Jon Moeller told CNBC he's pleased with the quarter and the progress towards improving profitability under recently returned CEO A.G. Lafley.

J.C. Penney —The retailer said it was told directly by CIT Group that CIT is not cutting off credit to Penney suppliers, contrary to news reports that were out yesterday.

Cigna — The insurance company reported second quarter profit of $1.78 per share, excluding certain items, 18 cents above estimates. Cigna's results were helped by lower medical costs.

Time Warner Cable The cable operated earned $1.69 per share, excluding certain items, beating estimates by five cents. The company saw growth in business services revenue, but it lost more video subscribers, and growth in high speed data subscriptions slowed.

Beazer Homes —The home builder reported a smaller than expected loss of 22 cents per share for its third quarter, and said it expects to return to profitability this quarter as sale prices and the number of closings rise.

Barrick Gold — The gold miner earned 66 cents per share, excluding certain items, ten cents above estimates, but also slashed its dividend payout to five cents per share from 20 cents.

Cardinal Health —The drug wholesaler earned 79 cents per share for its fourth quarter, beating estimates by two cents, with revenue also above consensus.

Automatic Data Processing —The payroll processor earned 55 cents per share for its fourth quarter, excluding certain items, missing estimates by two cents. ADP was hurt by increased expenses

CBS —The media giant reported second quarter profit of 76 cents per share, four cents above estimates, with revenue beating consensus as well. An increase in online revenue was among the factors helping the company's bottom line.

Whole Foods —The grocer beat estimates by a penny with fiscal third quarter profit of 38 cents per share. Investors, however, are focusing on sales growth that was weaker than had been expected.

DreamWorks Animation — DreamWorks posted second quarter profit of 26 cents per share, six cents above estimates, with the movie studio's revenue topping estimates by a wide margin. The single biggest factor during the quarter was the success of the animated movie "The Croods".

Yelp —Yelp lost one cent per share for the second quarter, smaller than the four cent loss expected by Wall Street. The reviews web site operator was helped by better mobile advertising results.

Allstate — Allstate earned $1.12 per share, excluding certain items, for the second quarter, 14 cents above estimates, with revenue topping consensus as well. The insurance company saw fewer catastrophe losses and higher premium income during the quarter.

MetLife —The insurance company reported second quarter profit of $1.44 per share, excluding certain items, 11 cents above estimates, though revenue was shy of consensus.

Shutterfly — Shutterfly lost 29 cents per share for the second quarter, far smaller than the 54 cent forecast by analysts, with revenue beating consensus. The online photo service benefited from a greater number of orders during Mother's Day, Father's Day, and graduations.

Boston Beer —The company topped estimates by 11 cents in reporting second quarter profit of $1.45 per share, with revenue above estimates as well. The beer brewer raised its full year outlook as well on improved sales.

Marriott —Marriott matched estimates with second quarter profit of 57 cents per share, with revenue topping estimates on higher room rates. But the hotel operator's current quarter forecast is shy of consensus.

Pilgrim's Price —Pilgrim's Pride earned 74 cents per share for the second quarter, 17 cents above estimates. The poultry producer saw stronger sales during the quarter as well as higher profit margins.

(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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  • Patti Domm

    Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.

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