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Early movers: BAC, PNC, TWC, TWTR, YHOO, GM & more

Traders on the floor of the New York Stock Exchange on April 11, 2014
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Traders on the floor of the New York Stock Exchange on April 11, 2014

Check out which companies are making headlines before the bell:

Bank of America–The bank reported first quarter earnings of 14 cents per share, excluding certain items, beating estimates by nine cents. The quarterly did include a one-time loss of six billion dollars related to BofA's mortgage settlement with regulators.

PNC Financial–The bank reported first quarter profit of $1.82 per share, beating estimates of $1.66, though revenue was shy of estimates. PNC credits an increase in loans and deposits, cost controls, and credit quality improvement for its earnings performance.

Time Warner Cable–The stock was upgraded to "outperform" from "market perform" at Wells Fargo, which said it does expect the proposed acquisition by Comcast to eventually be approved by regulators.

Twitter—Stern Agee upgraded Twitter to "neutral" from "underperform", saying recent changes will promote better user growth and engagement.

Yelp–Citi upgraded the online review site operator's stock to "buy" from "neutral", saying a recent pullback creates a buying opportunity and that it is confident in its growth forecasts for Yelp given the increasing importance of mobile use.

St. Jude Medical–The medical products maker earned 96 cents per share for the first quarter, one cent above estimates. The company said it is making progress at shifting its product mix to emphasize faster growing markets.

Intel –The chipmaker reported fiscal first quarter profit of 38 cents per share, one cent above estimates, with revenue essentially in line. Investors are also focusing on a better than expected forecast from Intel on its full year gross margin.

Yahoo–Yahoo matched Intel in the earnings department by reporting the exact same numbers: 38 cents per share for its fiscal first quarter, beating estimates by a penny. CEO Marissa Mayer said the company was poised for stable though modest growth, thanks to new initiatives in mobile and other areas.

CSX–The rail operator reported fiscal first quarter profit of 40 cents per share, three cents above estimates, with revenue in line. Overall, CSX's profits were down 14 percent from the year before, in large part due to weather related disruptions.

General Motors–The automaker plans to create a new unit that focuses on product quality and safety. The move was announced by CEO Mary Barra in a speech in New York.

UnitedHealth–The health insurance provider saw its rating cut to "neutral" from "buy" at Citi, citing limited opportunities for earnings growth this year.

Moelis & Co. (MC)–Moelis will begin trading on the New York Stock Exchange today, after pricing its IPO at $25 per share, below the expected range. The pricing values the independent investment bank at about $1.29 billion.

Syngenta–Syngenta said weak emerging market currencies will have a bigger impact on its results than it had previously thought. The Zurich-based company is the world's largest producer of crop chemicals.

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.