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Early movers: DIS, WFM, AOL, EBAY, YHOO, EA & more

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

Check out which companies are making headlines before the bell:

Mondelez International– The snack food giant earned 39 cents per share, excluding certain items, for the first quarter, four cents above estimates. Mondelez also announced it would combine its coffee business with that of D.E. Master Blenders, and will receive about $5 billion and a 49 percent stake in the new company. Additionally, the company announced a $3.5 billion restructuring plan.

Humana—The health insurer beat estimates by 41 cents with first quarter profit of $2.35 per share, with revenue above forecasts as well. Humana also said it expected to add more customers to its Medicare Advantage plans this year.

Encana–The Canadian natural gas producer is buying Texas shale assets from Freeport-McMoRan for $3.1 billion.


AOL–The online media company reported first quarter profit of 34 cents per share, excluding certain items, 11 cents below estimates, though revenue did beat forecasts. AOL said its results were impacted by a number of one-time items, and notes that global ad revenue posted a double-digit increase compared to a year earlier.

Duke Energy–The largest U.S. power provider beat estimates by five cents with first quarter profit of $1.17 per share, excluding certain items, with revenue above forecasts as well.

Ebay–Suntrust cut its rating on the stock to "neutral" from "buy". The firm does not see any significant change in fundamentals, but feels there is more upside in other comparable stock names.

J.C. Penney–UBS upgraded the retailer's stock to "neutral" from "sell", saying there's less risk that J.C. Penney will miss current same-store sales estimates.

Walt Disney–Disney fiscal second quarter profit of $1.11 per share, excluding certain items, beating estimates by 15 cents. Revenue also beat forecasts, with Disney's results boosted by the success of its animated film "Frozen."

Groupon—The daily deals company lost two cents less than analysts had forecast, posting a first quarter loss of one cent per share, with revenue well above expectations. Groupon also boosted its full-year outlook on optimism about its marketing efforts.

Electronic Arts–The video game maker blew away estimates of 11 cents per share for its fourth quarter by posting profit of 48 cents per share, excluding certain items. Revenue was also substantially above forecasts, as upbeat sales of new game consoles drive demand for EA's games.

Activision Blizzard– Activision had similarly upbeat results, as EA's primary rival earned 19 cents per share for the first quarter, excluding certain items, nine cents above estimates. Sales of $772 million were well above forecasts of $688 million.

Yahoo–Yahoo will be on our watch list today as China's Alibaba files for a U.S. initial public offering. Yahoo currently holds a 22.6 percent stake in the Chinese e-commerce company.

PepsiCo–Pepsi increased its quarterly dividend by 15 percent to 65-1/2 cents per share.

Whole Foods–The organic grocer posted second quarter profit of 38 cents per share, three cents short of estimates. The company also cut its full year forecast for same-store sales and earnings as competition grows in that category.

TripAdvisor–TripAdvisor fell one cent short of estimates with first quarter profit of 54 cents per share, excluding certain items. The travel review web site's profits were 9 percent above a year earlier, however, as it sold more ads and generated more referrals to booking sites.

First Solar–The maker of solar equipment eported that its first quarter profit nearly doubled from a year earlier, with revenue well above estimates. It also raised its full-year forecast.

Target —Interim CEO John Mulligan tells Reuters he has no interest in becoming the permanent CEO. Mulligan, who has been the company's chief financial officer, will fill in until a permanent successor to recently-departed CEO Gregg Steinhafel is found.

Hewlett-Packard—The tech giant will make a more than $1 billion investment in cloud-computing products and services over the next two years.


By CNBC's Peter Schacknow

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

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EA
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