Take a look at some of Friday's morning movers:
J.M. Smucker - The food producer reported fiscal first-quarter profit of $1.17 per share, excluding certain items, 17 cents above estimates. Smucker also increased its quarterly dividend by 8 percent.
Foot Locker - The athletic footwear retailer reported second-quarter profit of $0.38 per share, excluding certain items, five cents above estimates. The better-than-expected performance comes amid improving profit margins.
Gap - The parent of Gap, Old Navy, and Banana Republic is reporting second-quarter profit of $0.49 per share, one cent above estimates. Gap did raise its 2012 earnings per share (EPS) outlook to $1.95 to $2 per share, but that forecast is below current consensus of $2.08.
Aeropostale - The company reported a breakeven second quarter, matching Street estimates, while sales fell slightly short of consensus. The teen retailer sees a soft start to the back-to-school season, and its third-quarter earnings forecast of $0.25 to $0.30 per share is below estimates of $0.38.
Plains All American Pipeline - Plains has declared a 2-for-1 stock split, effective Oct. 1 for shareholders of record Sept. 17. Plains is a transporter and seller of oil and natural gas.
Brocade Communication Systems - Brocade reported an estimate-beating fiscal third quarter profit, but investors are focusing on bigger news: The resignation of Chief Executive Officer Michael Klayko. He’ll stay on the job until a replacement is found. Klayko did not give a reason for his departure other than to say, “I believe it is the right time.” The maker of networking equipment earned $0.14 per share for the quarter, two cents above estimates.
Marvell Technology - Marvell earned $0.24 per share for the second quarter, excluding certain items, three cents below estimates. The chipmaker said a slowdown in the macroeconomic environment is impacting its key markets like storage and mobile.
Yahoo - The company is reportedly conducting a search for a chief operating officer, according to AllThingsD. The website operator said the person would serve as a No. 2 to new Chief Executive Officer Marissa Mayer. (CNBC.com and Yahoo have a content-sharing partnership.)
Cablevision - The cable operator is involved in the latest transmission fee battle, with Tribune Broadcasting stations going dark for Cablevision customers as of midnight.
Apple - Jefferies & Co. said its channel checks indicate that the not-yet-announced iPad Mini has gone into production. Jefferies has raised its Apple price target to $900 and is repeating a "buy" recommendation.
Vivus - Jefferies is downgrading the drugmaker's stock to "underperform" from "hold," citing concerns about generic competition.
BankUnited - The New York Post reports that a number of private-equity firms are interested in buying the firm, with the article mentioning a buyout price of $25 per share. That's less than Thursday's closing price of $25.70 for BankUnited shares.
Groupon - Evercore Partners downgraded Groupon shares to "underweight" from "equal weight," saying Street estimates for Groupon remain too high.
—By CNBC’s Peter Schacknow
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