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Early movers: STZ, BBRY, LLY, DPZ, FB, VOD & more

Thursday, 3 Oct 2013 | 7:55 AM ET

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

Constellation Brands – The spirits maker earned 96 cents per share for its latest quarter, excluding certain items, beating estimates of 88 cents, although revenue was short of consensus.

BlackBerry – The stock was upgraded to "neutral" from "sell" at Citi, which said its thesis of market share losses has already played out.

Coach – Cantor Fitzgerald began coverage of the luxury goods maker with a "buy" rating, citing sales momentum and a discounted valuation. The firm also started coverage on Tiffany with a buy rating, on expectations of a continued gain in market share.

Eli Lilly – The drug maker said it expects to launch several new drugs next year that treat "unmet patient needs", and that it will return to revenue growth and expanding margins after 2014.

Domino's Pizza – Oppenheimer downgraded the pizza restaurant operator's shares to "perform", despite its opinion that operating metrics and management execution will remain elite. The firm sees constrained upside opportunity for earnings and a cycle of tough year-ago comparisons.

Vodafone – Chief financial officer Andy Halford is leaving the telecommunications company, effective at the end of March 2014 following the conclusion of Vodafone's deal to sell its 45 percent stake in Verizon Wireless to majority owner Verizon Communications.

Facebook – The company announced an alliance with Cisco Systems to integrate Facebook Wi-Fi into Cisco routers. The launch is aimed at businesses who can then allow their customers to check in on Facebook more easily.

United Technologies– The defense contractor will furlough 2,000 workers on October 7 and may add 3,000 to that total if the government shutdown continues. The immediate furloughs will take place at the company's Sikorsky Aircraft unit, which produces the Black Hawk helicopter.

Tesla–The automaker's shares remain on watch, after tumbling Wednesday on news of a fire that destroyed a Tesla vehicle near Seattle. Investigators now say the fire began in the battery pack.

BP — The oil major won a favorable ruling from a federal appeals court, which revived the oil company's claims that a judge misinterpreted the settlement related to the 2010 oil spill. BP had maintained that interpretation would result in billions of dollars in false or inflated claims by businesses.

General Electric– The manufacturing behemoth will float a majority stake in GE Money Bank, its Swiss consumer finance unit, and will rename the unit Cembra Money Bank after the IPO.

Google - The search giant has purchased Flutter, a startup specializing in gesture recognition technology.

Intel – Intel has been dropped by Lenovo for that company's new K900 smartphone, with Lenovo choosing to employ a chip made by Qualcomm instead.

Herbalife - Pershing Square's Bill Ackman has covered 40 percent of his massive Herbalife short position, according to the fund's latest investor letter.

Angie's List – The review site cut membership prices by 75 percent in several key markets, according to the Wall Street Journal.


—By CNBC's Peter Schacknow

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

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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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