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Early movers: AA, TCS, C, B, AAPL, PFE, TCS & more

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

Check out which companies are making headlines before the bell:

Alcoa —The former Dow component reported fiscal second quarter profitof 18 cents per share, six cents above estimates, with revenue above consensus as well. The aluminum producer's cost-cutting efforts of the past few years were among key factors benefiting the bottom line.

Container Store–Container Store lost seven cents per share for the first quarter, excluding certain items, one cent more than analysts had anticipated. The retailer's full-year profit and revenue projections are also below Street estimates, with CEO Kip Tindell saying the factors impacting the company's results are more than just weather and calendar issues.

Bob Evans–The food producer reported quarterly profit of 48 cents per share, excluding certain items, beating estimates by five cents. However, its sales were short of estimates after dropping more than expected, and the company cut its earnings guidance for the year, citing weather and remodeling efforts as a drag on sales over the last few quarters. Activist investor Sandell Asset Management has been pushing for the company to separate its BEF Foods unit and buy back shares.


Garmin–The GPS products maker was downgraded to "underperform" from "sector perform" at Pacific Crest, citing potential headwinds over the next few quarters. Among them: the potential introduction by Apple of an 'iWatch" product.

Citigroup–The bank is said to be near a deal with the Justice Department to settle a suit over the sale of mortgage securities ahead of the 2008 financial crisis. Dow Jones reports Citi could pay more than $4 billion and that the settlement could be announced as early as next week.

Boeing—The aerospace giant finalized a $56 billion order for150 777X jets from Dubai's Emirates Airline, in a deal that also includes options for 50 more aircraft.

Apple–The tech behemoth lost a China court ruling which upheld a Chinese company's patent for speech recognition technology. Apple plans to take the case, which revolves around Apple's Siri vocal interface, to a higher court in China.

America Movil —The Mexican telecom giant controlled by billionaire Carlos Slim said it is prepared to divest assets to cut its market share below 50 percent. Such a move would avoid the impact of new, tougher regulations that seek to encourage more competition.

Pfizer–The drug maker won a court ruling dismissing a shareholder class action suit involving the safety of tis Celebrex and Bextra pain-killing drugs. The suit, which dates back to 2004, had accused the company of misleading investors.

AbbVie–The pharmaceutical maker has been forced to withdraw comments by its CEO saying that Shire shareholders had expressed support for the AbbVie's bid to take over the British drug maker. Under British rules, such a claim cannot be made unless that shareholder support is expressed in writing.

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's Senior 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.