GO
Loading...

Early movers: KO, AAPL, M, MSFT, TSLA, BBRY & more

Tuesday, 15 Oct 2013 | 7:54 AM ET

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

Coca-Cola – Coca-Cola earned 53 cents per share for the third quarter, excluding certain items, matching Street estimates. Worldwide case volume was somewhat shy of expectations.

AppleBurberry CEO Angela Ahrendts will move to Apple as Senior Vice President next year. Ahrendts will head Apple's retail efforts – the same position that was occupied by Ron Johnson before his departure for J.C. Penney - and report to CEO Tim Cook.

Macy's – Macy's will open on Thanksgiving for the first time in its history, saying the move was consistent with what its rivals are doing. Most Macy's stores will open at 8 p.m. on Thanksgiving night.

Microsoft – Jefferies upgraded Microsoft shares to "buy" from "hold", saying the company's new operating structure provides greater transparency, and on increasing customer adoption of Microsoft's cloud strategy surrounding Office 365.

Domino's Pizza – The pizza chain earned 51 cents per share for the third quarter, excluding certain items, a penny below estimates. Revenue was slightly above expectations, while same-store sales rose a better-than-expected 5.4 percent.

Entergy – The utility gave guidance for third quarter earnings that are above current Street consensus, in part because of higher net revenue and lower tax rates.

Teradata – Teradata projected current quarter earnings and revenue below analyst estimates. The data analytics firm has been hurt by price competition, affecting its revenue overseas. Meanwhile, the company also lowered its full year forecasts.

Tesla – Wedbush upgraded the automaker's stock to "overweight" from "neutral", based in part on growing acceptance by the general public of electric vehicles, as well as survey results showing mass market potential for the price range of Tesla's vehicles.

Consol Energy – The energy producer provided an upbeat operational update for the just-ended quarter, saying it produced and sold more gas and coal than expected.

Packaging Corporation of America – The company earned 91 cents per share, excluding certain items, for the third quarter, two cents above estimates, with revenue also beating consensus. It was helped by both increasing volumes and higher prices.

Alcatel-Lucent - Chief executive Michel Combes told a European radio audience the company could go out of business if it cannot cut costs and jobs. His comments come as workers plan a protest over Alcatel's recent announcement that it would cut more than 10,000 jobs.

BlackBerry – BlackBerry has launched an ad campaign to reassure its customers that it will remain in business. It's doing so in an open letter that will be published around the world.

Analog Devices– The company is selling its microphone business to InvenSense for $100 million in cash. The unit represents less than one percent of the chipmaker's business.

Coldwater Creek – Coldwater will explore strategic options, with the retailer's sales slide accelerating. It now expects its current quarter earnings to be below its prior guidance, despite cost cutting initiatives and other moves to streamline its operation.


—By CNBC's Peter Schacknow

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

  Price   Change %Change
KO
---
AAPL
---
BRBY
---
JCP
---
M
---
MSFT
---
DPZ
---
ETR
---
TDC
---
TSLA
---
PKG
---
CNX
---
ALU
---
BB
---
ADI
---
INVENSENSE
---
CWTRQ
---

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.

Executive Edge