GO
Loading...

Early movers: NKE, DD, PFE, GM, INTC, BMY & more

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

Check out which companies are making headlines before the bell:

Nike–Nike reported fourth quarter profit of 78 cents per share, three cents above estimates. Revenue also exceeded consensus, with Nike getting results from its marketing push ahead of the 2014 World Cup.

DuPont–DuPont cut its second quarter and full-year earnings guidance, pointing to slower than expected sales growth in its agriculture and performance chemicals units.

Finish Line–The athletic apparel company earned 28 cents per share for the first quarter, seven cents above estimates, with revenue also beating consensus. Finish Line credits its relationship with Macy's for helping it expand its market share.


Emerson Electric–Emerson said it is considering strategic alternatives for its power transmission solutions unit. It plans to announce its conclusions by the end of 2014.

Pfizer, Bristol-Myers Squibb–Eliquis, an anticoagulant made by the two drug makers, won a positive opinion from a European regulatory committee in an application for wider use. The opinion will now be reviewed by the European Commission in considering whether that application should be approved.

Manitowoc– The company is a target of investment fund Relational Investors, which has taken an 8.5 percent stake. Relational wants Manitowoc to split its food service equipment business from its crane-making unit, saying it's currently operating two "core, yet incongruent" businesses.

Michaels–The arts and crafts retailer priced its initial public offering at $17 per share, at the low end of the expected range. It raised about $473 million in the offering, and will begin trading today on the Nasdaq.

United Technologies, Lockheed Martin—UTC's Sikorsky Aircraft unit and Lockheed both won a $1.28 billion helicopter contract from the Air Force, in a deal that could eventually be worth up to $7.9 billion.

Liberty Global–The company has launched an offer for Dutch cable company worth $48.67 per share in cash and stock. Liberty already owns 28.5 percent of Ziggo.

Hewlett-Packard–HP won dismissal of a securities fraud lawsuit, linked to the 2010 ouster of former chief executive officer Mark Hurd.

General Motors–GM recalled about 29,000 Chevy Cruze models for possible air bag issues, after asking dealers to temporarily stop selling the Cruze models while the cars in question were specifically identified.

Intel–The chip maker's stock was upgraded to "market perform" from "underperform" at Bernstein.

Citrix Systems–CEO Mark Templeton will remain in his current position and not retire next year as previously announced.

By CNBC's Peter Schacknow

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

Symbol
Price
 
Change
%Change
NKE
---
DD
---
FINL
---
M
---
EMR
---
PFE
---
BMY
---
MTW
---
MIK
---
UTX
---
LMT
---
LBTYA
---
HPQ
---
INTC
---
CTXS
---

Featured

  • 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 Senior Commodities Correspondent and 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.