Early movers: MMM, UPS, V, TWC, GOOG, MSFT & more
Check out which companies are making headlines before the bell:
UPS—The world's largest package delivery company posted a profit of $1.25, in line with Wall Street's estimates. Earlier this month, the company warned a surge in online shopping and cold weather had affected service.
Under Armour–The company earned 59 cents per share for the fourth quarter, six cents above estimates, with Under Armour registering especially strong sales of its fleeces and its "ColdGear Infrared" clothing line.
Whirlpool–The appliance maker missed earnings by six cents with fourth quarter profit of $2.97 per share, excluding certain items. Revenue was slightly above estimates, on strong sales gains in North and South America.
Time Warner Cable–The cable operator earned $1.82 per share, excluding certain items, for the fourth quarter, beating estimates of $1.73. The company also raised its quarterly dividend 15 percent to 75 cents per share.
Thermo Fisher Scientific–The laboratory equipment maker earned $1.43 per share, excluding certain items, for the fourth quarter, six cents above estimates, with revenue above consensus as well. Thermo Fisher saw growth in all its business segments during the quarter.
Eli Lilly–The drug maker matched estimates by reporting fourth quarter profit of 74 cents per share, though revenue beat consensus. CEO John Lechleiter said the quarter reflected the initial impact of U.S. patent expiration for Cymbalta, and noted that the U.S. patent for its Evista drug will expire in March.
PulteGroup–The home builder reported fourth quarter profit of $0.57 per share, 13 cents above estimates, with revenue essentially in line. The company's results were helped in part by higher selling prices for its homes.
ADT–The security products maker earned 43 cents per share for its first quarter, six cents short of estimates, with revenue short of consensus as well. ADT said customer growth did not meet its expectations during the quarter.
Viacom–The media company beat estimates by four cents with fiscal first quarter profit of $1.20 per share. Revenue, however, fell short as the company was impacted by a drop in its filmed entertainment division.
Pitney Bowes–The office products company reported fourth quarter profit of 53 cents per share, excluding certain items, beating estimates by four cents.
Facebook—Facebook beat estimates by four cents with fourth quarter profit of 31 cents per share, excluding certain items. \Revenue also beat estimates as the social network giant saw a significant increase in mobile ad sales.
Google–The search giant announced plans to sell its Motorola Mobility unit to China's Lenovo for $2.91 billion dollars. The move–just two years after Google bought the unit–would be the fourth largest ever U.S. acquisition by a China-based company.
Starbucks–The beverage chain promoted chief financial officer Troy Alstead to the newly created position of chief operating officer. Alstead will assume responsibility for the coffee chain's day to day operations, allowing CEO Howard Schultz to focus more on e-commerce.
Citrix Systems–The company reported fourth quarter profit of $1.04 per share, excluding certain items, six cents above estimates. However, revenue was short of forecasts, on slower than expected sales of cloud computing software and licenses.
Las Vegas Sands–The casino operator missed estimates by 12 cents with fourth quarter profit of 72 cents per share, excluding certain items, with revenue also falling short. The company did report a jump in revenue in Macau and Las Vegas, but not as much as analysts had thought.
Flextronics–The contract electronics maker topped estimates by three cents with fiscal third quarter profit of 26 cents per share, with revenue scoring a beat as well. Flextronics said revenue is being helped by strong demand from makers of game consoles and smartphones, although it also announced plans to reduce its workforce and cut other costs.
Microsoft–The software giant could announce its new CEO by the end of the week, according to Re/Code's Kara Swisher, who said executive Satya Nadella may be the most likely internal candidate to be tapped.
Amazon.com–Amazon will launch a Kindle-based mobile payment system as soon as this summer, according to a report in the Wall Street Journal.
—By CNBC's Peter Schacknow
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