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Early movers: TGT, LOW, DAL, BAC, BA, FSLR & more

Traders on the floor of the New York Stock Exchange.
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Traders on the floor of the New York Stock Exchange.

Check out which companies are making headlines before the bell:

Target–The retailer reported fourth quarter profit of 81 cents per share, two cents above estimates, with revenue above consensus as well. Target said the December data breach shaved two cents per share off its earnings and impacted sales as well, though CEO Gregg Steinhafel said sales trends have improved in recent weeks. Target's non-GAAP earnings came to $1.30 per share, at the high end of guidance it gave on January 10.

Lowe's – The home improvement retailer matched estimates with earnings of 31 cents per share, excluding certain items, for the fourth quarter. Oppenheimer analyst Brian Nagel told CNBC he is encouraged by Lowe's closing its sales gap with rival Home Depot. Lowe's also added $5 billion to its stock buyback program.

Dollar Tree–The discount retailer earned $1.02 per share for the fourth quarter, missing estimates of $1.05. Its forecast for the current year also falls below Street estimates.

Abercrombie & Fitch–The teen apparel retailer earned $1.34 per share for the fourth quarter, excluding certain items, beating estimates of $1.03, but sales fell below estimates. Comparable store sales fell 8 percent during the quarter, slightly better than estimates.

Delta Air Lines–Delta is revamping its SkyMiles program, effective in January 2015, awarding points based on dollars spent rather than miles flown.

Morgan Stanley–The investment bank reached a tentative settlement with the SEC in a sub prime mortgage securities case. The proposed deal would see Morgan Stanley pay $275 million, but still needs the approval of SEC commissioners.

Credit Suisse–Four executives at the bank testify before a Senate panel today looking into the issue of tax dodging by U.S. citizens through the use of Swiss bank accounts.

LinkedIn–RBC Capital upgraded the stock to "outperform" to "sector perform", with analyst Mark Mahaney saying the stock's underperformance has created a buying opportunity. The stock had jumped yesterday following news that it introduced a Chinese language website.

Humana–Citi downgraded the health insurer's stock to "sell" from "neutral", based on a recent run-up in the stock's price and concerns about an emphasis on membership over profit margins.

Bank of America–The bank is being probed by federal investigators over potential violations involving a U.S. government housing program. That news came from an SEC filing, which also details another investigation into the bank's foreign exchange practices.

Anheuser-Busch InBev–The company earned $5.2 billion for the fourth quarter, better than the $4.94 billion that analysts had expected. The beer brewer also said it expected the Brazil and Mexico beer markets to return to growth this year, thanks to both the World Cup and stronger economic performance in those countries.

Boeing–The aerospace giant won a $2.1 billion contract for 16 P-8A maritime spy planes, following Australia's decision to buy eight of those aircraft last week for $3.6 billion.

DreamWorks Animation–DreamWorks reported fourth quarter profit of 20 cents per share, 12 cents below Street estimates. Revenue was also shy of consensus, though the movie studio's bottom line was helped by a significant reduction in expenses.

First Solar–The solar equipment maker missed estimates by 10 cents with fourth quarter profit of 89 cents per share, excluding certain items. Revenue of $768 million was far below analyst forecasts of $965 million, and its current quarter earnings guidance also falls below consensus. The company did say it expects to receive a greater share of revenue from projects currently under construction later in the year.

Boston Beer–The beer brewer reported fourth quarter profit of $1.33 per share, below estimates of $1.51. Revenue did beat consensus, but the maker of Sam Adams beer is also giving full year EPS guidance that falls below analyst estimates.

Aeropostale–Aeropostale is reportedly working with Barclays on the same of a private equity stake, and the teen apparel retailer is also said to be weighing the sale of convertible debt or preferred stock.

By CNBC's Peter Schacknow

Questions? Comments? Email us at marketinsider@cnbc.com

  • Patti Domm

    Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.

  • A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

  • CNBC Personal Finance Correspondent

  • JeeYeon Park is a writer for CNBC.com. Follow her on Twitter: @JeeYeonParkCNBC

  • Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.

  • Senior Producer at CNBC's Breaking News Desk.