Early movers: TIF, HRL, BBRY, DSW, CL, JCP & more
Check out which companies are making headlines before the bell:
Tiffany – The luxury goods retailer reported third quarter profit of 73 cents per share, 15 cents above estimates, with revenue also well above consensus. Comparable store sales were up 7 percent, above the StreetAccount consensus of a 4.3 percent increase. Tiffany also raised its full year forecast.
Hormel – The food producer beat estimates by four cents with fiscal fourth quarter profit of 58 cents per share, with revenues slightly above analyst forecasts. Hormel also raised its quarterly dividend to 20 cents per share from 17 cents.
Cracker Barrel–The restaurant operated earned $1.22 per share, excluding certain items, for its fiscal first quarter, beating estimates by nine cents. Revenue was also above Street expectations, and its 2.8 percent comparable restaurant sales increase was greater than analysts had been forecasting.
DSW – The shoe retailer matched estimates with third quarter profit of 58 cents per share, but its revenues were short of forecasts, and its same-store sales fell 0.7 percent during the quarter.
Colgate-Palmolive – RBC Capital Markets initiated coverage on the consumer products company with an "outperform" rating, saying the company's growth rate and undervalued stock price make it a good investment.
General Mills– RBC also rates the cereal maker "outperform" in new coverage, saying it has been one of the best long term value creators in its segment, and that overall sentiment surrounding the company is still "shaky".
Palo Alto Networks – Palo Alto reported fiscal first quarter earnings of eight cents per share, excluding certain items. That was one cent above estimates, with revenue also exceeding consensus. The network security provider saw a 73 percent gain in subscription and services revenue from a year earlier.
Nuance Communications – Nuance reported fiscal fourth quarter profit of 30 cents per share, beating estimates by a penny. However, the software provider's 2014 forecast is below Street estimates as it transitions to a subscription-based business.
Workday – The provider of human resources software reported a smaller than expected loss of 12 cents per share for the third quarter. Analysts had been looking for a 17 cent per share loss, but the company saw a 76 percent jump in revenue, and also forecast current quarter sales well above expectations.
J.C. Penney – Chief executive officer Mike Ullman purchased 112,000 shares in the retailer at $8.95 per share, according to an SEC filing.
BlackBerry – The bruised smartphone maker will see even more management changes coming, according to The Globe and Mail newspaper. That comes a day after interim CEO John Chen announced the departure of the company's chief financial officer, chief marketing officer, and chief operating officer.
Illinois Tool Works– The company's industrial packaging unit is the object of a bidding war between at least six private equity firms, according to Reuters, which said the firms want to buy the business for $3 billion or more.
—By CNBC's Peter Schacknow
Questions? Comments? Email us at firstname.lastname@example.org