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Early movers: AAPL, DISH, WFC, COST, TWTR & more

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

Check out which companies are making headlines before the bell:

Costco—The warehouse retailer reported fiscal third quarter profit of $1.07 per share, two cents shy of estimates. Revenue was also slightly shy of consensus, as the company saw higher expenses, including merchandise costs.

Abercrombie & Fitch–The teen apparel retailer posted a quarterly loss of 17 cents per share, smaller than the 19 cent loss forecast by analysts. Revenue was also better than expected, with the company saying it was pleased with its performance in a difficult environment.

Dollar Tree–The discount retailer's stock was upgraded to "buy" from "neutral" at Sterne Agee, which also downgrade competitor Dollar General to "neutral" from "buy." The firm points to new initiatives by Dollar Tree to drive sales and better protection for its profit margins compared to its competitors.


Pall Corp–The maker of filtration systems earned 81 cents per share for its third quarter, excluding certain items, two cents below estimates. Revenue did come in above consensus, however, and the company continues to back its prior full-year earnings forecast.

Twitter–Cantor Fitzgerald raised its rating on Twitter to "buy" from "hold," a day after Nomura Securities upgraded its Twitter rating to "buy." Cantor cites both the passing of the recent lockup expiration, as well as this year's pullback in Twitter's stock price.

Dish Network–The satellite TV operator will begin accepting bitcoin payments from customers in the third quarter.

Apple–The iPhone maker finally struck the long-rumored deal to buy Beats Electronics for $3 billion in cash and stock. Beats co-founders Dr. Dre and Jimmy Iovine will join Apple as part of the deal.

Palo Alto Networks–Palo Alto reported fiscal third quarter profit of 11 cents per share, excluding certain items, a penny above estimates, with revenue also beating forecasts, as the cyber security firm added more customers. Separately, the company settled a patent litigation dispute with Juniper Networks, with Palo Alto paying Juniper $75 million in cash and $100 million in common stock and warrants.

Wells Fargo–The bank failed in an attempt to dismiss a lawsuit against it filed by Los Angeles. The suit involves accusations of predatory lending practices.

Infosys–Company president B.G. Srinivas has resigned, becoming the 10th senior executive to leave the information technology services company in the past year.

Intercept Pharmaceuticals–The drug maker was granted fast-track status by the FDA for OCA, a treatment for autoimmune liver disease.

By CNBC's Peter Schacknow

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

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COST
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ANF
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DLTR
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DG
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PLL
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TWTR
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DISH
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AAPL
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PANW
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JNPR
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WFC
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INFY
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ICPT
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  • Patti Domm

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

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