Textron–The Cessna aircraft maker earned 60 cents per share, one cent above estimates, with revenue also above forecasts. However, the company gave a cautious outlook for the current quarter.
St. Jude Medical –The medical products maker earned 99 cents per share for the fourth quarter, beating estimates by two cents. Revenue was also slightly above estimates.
TE Connectivity–The electronic equipment maker earned 82 cents per share for its first quarter, five cents above estimates, and raised the midpoint of its fiscal 2014 sales and earnings outlooks.
Walgreen, CVS–ISI Group upgraded Walgreen to "neutral" from "cautious", while upgrading CVS Caremark to "strong buy" from "buy". The firm said its prior view of Walgreen missed the "big picture", now saying shares are relatively inexpensive given the potential upside. It points to strong growth for its CVS recommendation.
IBM-The company reported quarterly profit of $6.13 per share, excluding certain items, beating estimates by 14 cents. However, the technology services giant reported revenues below estimates for the fourth consecutive quarter, thanks to flagging demand in emerging markets.
Xilinx–Xilinx reported fiscal third quarter profit of 55 cents per share, a penny above estimates, but the specialty chipmaker's revenue was short of consensus. It also forecast current quarter sales mostly below analyst estimates, as customers in key segments like defense and telecom order fewer chips.
Amazon.com–The online retailer is denying a Wall Street Journal report that it is considering an online pay-TV service. In a statement to CNBC, Amazon said it is continuing to build selection for its Prime Instant Video service, but is not planning to license TV channels or offer a pay-TV service.
Nuance Communications–The company reported preliminary first quarter profit of 23 to 24 cents per share, above analyst estimates of 20 cents. It expects to report revenue above Street estimates as well, although the software maker did not give a reason for the increased guidance. Its full results are due out February 10.
Norfolk Southern–The railroad operator has increased its quarterly dividend by two cents to 54 cents per share.
Texas Instruments–Texas Instruments earned 49 cents per share, excluding certain items, for the fourth quarter, three cents above estimates, with revenue also above consensus. Separately, the chipmaker announced it would cut 1,100 jobs, or about three percent of its workforce, to save $130 million per year.
Advanced Micro Devices–The chipmaker reported fourth quarter profit of six cents per share, beating estimates by a penny. However, the company did forecast a drop in current quarter revenue.
Sears Holdings– The retail giant is closing its flagship downtown Chicago store in a cost-cutting move. A Sears spokesman said the store has lost millions since it opened in 2001.
—By CNBC's Peter Schacknow
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