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Early movers: BBY, JCP, TIVO, GM, TSLA, LB & more

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

Check out which companies are making headlines before the bell:

Best Buy–The electronics retailer earned $1.24 per share, excluding certain items, for the fourth quarter, 23 cents above estimates, with revenue slightly below consensus. Best Buy had warned a month ago that holiday season profit margins were hurt by extensive discounting.

Kohl's–The retailer earned $1.56 per share for the fourth quarter, two cents above estimates, with revenue matching consensus. Kohl's also raised its dividend by 11.4 percent.

J.C. Penney–The struggling department store chain reported a fourth quarter loss of 68 cents per share, smaller than the 85 cent loss analysts were anticipating. Revenue was below estimates, but the retailer said its turnaround is on course and that the most difficult part is behind it.


Hilton Worldwide–The hotel chain missed estimates by five cents with fourth quarter profit of 11 cents per share, excluding certain items, though revenue came in above analyst forecasts.

Sears Holdings–Sears posted a loss for the fourth quarter, though it was smaller than analysts had thought, and revenue was in line with estimates. Same store sales declined by a less-than-expected amount as well.

Mylan–The generic drugmaker reported fourth quarter profit of 78 cents per share, beating estimates by three cents.The company said it is in position to execute another "substantial transaction" this year.

Wendy's–The restaurant chain earned 11 cents per share, excluding certain items, beating estimates by two cents. Revenue fell short, though the company said new menu items have been popular and that its "System Optimization" initiative is nearly complete.

Autodesk–Autodesk reported fourth quarter profit of 40 cents per share, six cents above estimates, with revenue scoring a solid beat as well. The design software company also saw a rise in subscription revenue. Autodesk did guide current quarter earnings below consensus estimates, however.

Noodles & Co–The company earned 11 cents per share for the fourth quarter, excluding certain items, one cent below estimates. The restaurant chain's sales also fell below Wall Street consensus.

L Brands–The retailer beat estimates by 7 cents with fourth quarter profit of $1.68 per share, excluding certain items, but the Victoria's Secret parent guided the current quarter below analyst forecasts.

TiVo–TiVo earned two cents per share for the fourth quarter, excluding certain items. That was two cents short of estimates, but the maker of digital video recorders saw revenue come in well above expectations. CEO Tom Rogers said he expected TiVo to benefit from Comcast's proposed $45 billion acquisition of Time Warner Cable.

RBS–The bank reported a $13.6 billion loss for 2013, and said it would cut $8.3 billion in costs and refocus its business on Britain.

DaVita–Warren Buffett raised his stake in the kidney dialysis company, buying 1.13 million more shares to raise his stake to 37.62 million shares, or about 17.65 percent.

Baidu–China's Internet search giant topped forecasts on both the top and bottom lines, benefiting from growth in its mobile business.

Nordstrom–The retailer raised its quarterly dividend to 33 cents per share from 30 cents, an increase of 10 percent.

Transocean–Transocean earned 73 cents per share, excluding certain items, for the fourth quarter, a penny above estimates. That beat comes despite higher costs and lower fleet utilization rates.

General Motors–GM will be investigated by the National Highway Traffic Safety Administration over its handling of a problem involving faulty ignition switches.

Tesla—The automaker unveiled plans for a so-called "gigafactory", which it said would build more lithium ion batteries annually by 2020 than were produced in the entire world in 2013.

Blackstone—The investment firm is reportedly near a deal to buy a 20 percent stake in Versace, according to the Financial Times.

By CNBC's Peter Schacknow

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

Symbol
Price
 
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BBY
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KSS
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JCP
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HLT
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SHLD
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MYL
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ADSK
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NDLS
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LB
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TIVO
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CMCSA
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TWC
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RBS
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DVA
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BIDU
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JWN
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OCRG-NO
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GM
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TSLA
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BX
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    Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.

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