Early movers: BIG, CRM, GE, APA, PSUN, KKD & more
Check out which companies are making headlines before the bell on Friday:
Big Lots - The discount retailer reported second quarter profit of 31 cents per share, excluding certain items, seven cents above estimates, but lowered its full year outlook because of weaker sales.
Salesforce.com - The company posted second quarter profit of nine cents per share, excluding certain items, two cents above estimates. Revenue was well above forecasts, and the cloud software maker projected current quarter revenue and profit above Street estimates on strong demand from its corporate customers. Salesforce also raised its full-year forecast.
General Electric - The industrial giant is planning to spin off the consumer lending unit of its GE Capital division, according to the Wall Street Journal. GE would reportedly accomplish this through an initial public offering.
Pacific Sunwear - PacSun earned two cents per share, excluding certain items, for the second quarter, compared to estimates of a breakeven quarter. However, the teen retailer is also projecting an unexpected current quarter loss. The company's sales have been slumping and it's also been hit by the impact of store closure expenses.
Krispy Kreme - The donut chain earned 14 cents per share for the second quarter, excluding certain items, two cents below estimates, though revenue was slightly higher than consensus. Krispy Kreme results were hurt by increased expenses despite rising sales.
Nuance Communications - Investor Carl Icahn has raised his stake in the software maker to 16.9 percent from just over 16 percent. Icahn is also considering putting up a slate of nominees for the company's board.
Splunk - The company lost one cent per share for the second quarter, excluding certain items, smaller than the three cent loss analysts were projecting. The maker of data analysis software also raised its sales forecast for the year on expectations of more enterprise deals during the second half of the year.
Omnivision - Omnivision earned 55 cents per share for its first quarter, beating estimates by 12 cents, though its revenue fell slightly short of Street forecasts. The chip maker's margins have been pressured by manufacturing costs even as its sales have risen.
Dial Global (DIAL) - Dial Global is close to being acquired by radio broadcaster Cumulus Media (CMLS), according to Dow Jones. The price for the program syndicator is said to be $260 million.
Select Comfort - KeyBank raised its rating on the mattress maker to "buy" from "hold", citing increased confidence in the company's underlying fundamentals.
Pilgrim's Pride (PPC) - Standard & Poor's raised its rating on the poultry producer, saying it thinks the company will continue to see improved operating performance as well as benefiting from better poultry pricing.
(Read More: See CNBC's Market Insider Blog)
—By CNBC's Peter Schacknow
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