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Early movers: FDX, LB, BAC, YELP, FOXA, WEN & more

A trader works on the floor of the New York Stock Exchange (NYSE).
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A trader works on the floor of the New York Stock Exchange (NYSE).

Check out which companies are making headlines before the bell:

FedEx–The delivery company's stock was added to the Focus List at Citigroup, which said the competitive dynamic in small package delivery has shifted in FedEx's favor.

Goldman Sachs–In an SEC filing, Goldman said it had eight days of trading losses during the second quarter, and that it had lowered the top of its range of possible legal costs to $3.2 billion from the prior $3.7 billion.

Mylan–The generic drugmaker missed estimates by one cent with second quarter profit of 69 cents per share, with revenue slightly short as well. Mylan also is forecasting current quarter earnings that are below current Street forecasts, citing higher expenses and delays in FDA approvals for key products.


L Brands–The retailer posted a July same-store sales increase of six percent, above the Thomson Reuters estimate of a 1.8 percent gain.

Duke Energy–Warmer than normal temperatures helped Duke beat estimates by 13 cents with second quarter profit of $1.11 per share, excluding certain items. The power producer also raised its full-year forecast.

Wendy's–The restaurant chain reported quarterly profit of nine cents per share, a penny shy of estimates, though revenue did exceed forecasts and reaffirmed its full-year forecast. Wendy's also said it would sell its company-owned stores in Canada.

Walgreen–The stock was upgraded to "hold" from "sell" at Cantor Fitzgerald , based on reaction to the company's purchase of the remainder of Alliance Boots as well as its earnings guidance.

Bank of America–The bank is near a settlement of roughly $17 billion with the Justice Department, according to CNBC's Kate Kelly. An agreement would settle probes into financial crisis-era mortgage-backed securities sold by the bank.

Keurig Green Mountain–The company reported quarterly profit of 99 cents per share, excluding certain items, 11 cents above estimates, with the maker of coffee brewing systems also raising its full-year outlook. However, revenue for the most recent quarter fell below estimates, with potential customers waiting for a new machine due to hit the market later this year.

Hasbro —CEO Brian Goldner was diagnosed with prostate cancer, but said his prognosis is excellent and he intends to continue to fulfill all his responsibilities as the toymaker's chief executive.

21st Century Fox–Fox beat estimates by four cents with fiscal fourth quarter profit of 42 cents per share, excluding certain items. Revenue also beat estimates on strong performances from both cable and film. President Chase Carey also told investors Fox has no plans to pursue other content companies after abandoning its bid to buy Time Warner.

Jack In The Box–The company earned 65 cents per share, excluding certain items, for its third quarter, beating estimates by eight cents. It also scored a top line beat, as the restaurant chain's sales rose, and Jack In The Box raised its earnings estimates for the full year.

Transocean–Transocean reported second quarter profit of $1.61 per share, beating estimates by 50 cents, with revenue also above Street forecasts. The oilfield services company's results were helped by lower shipyard expenses.

Yelp– Yelp was hit with a shareholder lawsuit, accusing executives of selling stock while deceiving consumers about the company's condition. The suit alleges that the site contained fraudulent reviews and that the executives knew about them.

Ctrip.com–Ctrip will get a $500 million investment from Priceline Group, giving Priceline a roughly 10 percent stake in the China-based online travel company.


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.