Early movers: HPQ, UA, PCLN, WFM, GRPN, JPM & more
Check out which companies are making headlines before the bell:
Hewlett-Packard —HP reported fiscal first quarter profit of 90 cents per share, six cents above estimates. Revenue also came in above consensus, and the company also raised the lower end of its full year guidance. HP was helped by improving sales at its business-orienting computer and networking equipment businesses. CEO Meg Whitman will be a guest on Squawk on the Street at 9 a.m. ET.
Under Armour–The athletic apparel maker has reached a deal to extend its partnership with US Speedskating. That announcement follows the controversy at the Winter Olympics over whether this year's speedskating uniforms had slowed U.S. athletes down.
Priceline.com—Priceline earned $8.85 per share for the fourth quarter, excluding certain items, beating estimates of $8.29. The travel site was helped by stronger bookings and higher profit margins during the quarter. However, its current quarter outlook falls below Street forecasts.
Nordstrom—The retail chain reported fourth quarter profit of $1.37 per share, four cents above estimates. However, the retailer's full year guidance for 2014 falls below analyst forecasts, as its gross margins slip.
Whole Foods–Oppenheimer began coverage of the grocery chain with an "outperform" rating, saying Whole Foods is best positioned to gain market share in a rapidly growing category.
Groupon—Groupon beat estimates by two cents with fourth quarter earnings of four cents per share, excluding certain items, with revenue registering a solid beat as well. However, it forecast a surprise loss for the current quarter, as the daily deals site invests $25 million in marketing to grow its customer base.
Amazon.com–Amazon is talking to major brand-name retailers about offering direct links to their own websites, according to the Wall Street Journal.
JPMorgan Chase–JPM has reached a deal with activist shareholders that will prevent another fight at the bank's annual meeting over whether the roles of chairman and chief executive officer should be split.
Juniper Networks—Juniper initiated a ten cent per share quarterly dividend, and announced plans to buy back $2 billion in stock through the first quarter of 2015. It also announced plans to name to independent directors to its board.
Marvell Technology—Marvell reported fourth quarter profit of 29 cents per share, beating estimates by four cents. The chipmaker's revenue was also above consensus, as is its current quarter revenue projection. Marvell also said it expects its mobile business to pick up during this quarter.
Aruba Networks—The company earned 18 cents per share, excluding certain items, for its fiscal second quarter beating estimates by a penny. Revenue was also above forecasts, and the maker of wireless networking equipment also announced a $200 million stock buyback program.
Express Scripts— he pharmacy benefits manager matched estimates with fourth quarter profit of $1.12 per share, excluding certain items. The company added it is well positioned to benefit from the increasing emphasis on lowering costs under health care reform.
Seagate Technology–RBC upgraded the hard disk drive maker's shares to "outperform" from "sector perform".
—By CNBC's Peter Schacknow
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