Early movers: AZO, GM, LULU, NOK, TOL, PVH & more
Check out which companies are making headlines before the bell:
AutoZone – The auto parts retailer earned $6.29 per share for its first quarter, beating estimates by one cent. AutoZone's bottom line benefited from increased repair business.
Toll Brothers – The home builder posted fourth quarter profit of 54 cents per share, excluding items, 11 cents above estimates, with revenue also beating consensus. The company did say that demand leveled out during the quarter, thanks to a rise in interest rates and the political discord in Washington.
Lululemon – The apparel maker named Laurent Potdevin as its new chief executive, and also said founder Chip Wilson is stepping down from his post as non-executive chairman. Potdevin will take over in January from current CEO Christine Day. Potdevin joined Lululemon from TOMS Shoes and also previously worked at LVMH.
Outerwall – The president of Outerwall's Redbox video rental unit, Anne Saunders, has left the company. No reason was given for her departure. Separately, Outerwall said it was cutting 251 jobs, or 8.5 percent of its workforce.
Nokia – The company's tax bill in India could be as high as $3.4 billion rather than $340 million, according to Dow Jones. India had frozen some Nokia assets in September to ensure payment of the tax bill. Nokia says it has not broken any tax rules and is defending itself in court.
PVH – The clothing maker posted third quarter profit of $2.30 per share, excluding certain items, six cents above estimates, but forecast current quarter earnings and revenue below current consensus. PVH cites what it calls a "very competitive and highly promotional" retail environment.
Texas Instruments– The company narrowed its fourth quarter earnings guidance to 44 to 48 cents per share from the prior 42 to 50 cents, while narrowing its revenue guidance as well. The chipmaker said the quarter is tracking in line with its expectations.
Pep Boys – The auto parts retailer posted third quarter earnings and revenue that fell well below analyst estimates. Pep also saw a small drop in overall sales, although CEO Mike Odell said the tire segment has started to improve from levels seen earlier in the year.
Vail Resorts – Vail lost $2.04 per share for its first quarter, wider than the $1.91 per share loss analysts were forecasting. The resort operator pointed out that the fiscal first quarter is historically a losing one since its mountain resorts are not open for winter ski operations during the entire period.
Lumber Liquidators– The company raised its earnings and revenue guidance for 2013, prior to today's presentation at an investment conference in New York. The hardwood flooring retailer had come under pressure recently when hedge fund manager Whitney Tilson revealed a short bet against the stock.
Icahn Enterprises – The company controlled by activist investor Carl Icahn announced it would sell two million depositary units, and invest the proceeds back into the business.
Quest Diagnostics – Bank of America/Merrill Lynch downgraded the medical lab operator's shares to "underperform" from "buy".
—By CNBC's Peter Schacknow
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