Market Insider

Early Movers: BBRY, EBAY, UTX & More


Check out which companies are making headlines before the bell Thursday:

BlackBerry - The smartphone maker reported a quarterly profit of $0.22 per share, excluding certain items. The Street had been expecting a $0.29 per share loss. BlackBerry lost three million subscribers during the quarter, but says it's being helped by demand for its new Blackberry Z10 model.

Ebay - Investors will be watching for news from Ebay's analyst day, later Thursday. Ebay hasn't held an analyst day since 2011 and the company is expected to lay out its expectations for the rest of this year and beyond.

United Technologies - Morgan Stanley has initiated coverage of the Dow component at "overweight," saying United Technologies has "significant, broad-based" tailwinds.

U.S. Airways - A bankruptcy court judge approves the merger deal between U.S. Airways and bankrupt American Airlines parent AMR.

AIG - AIG has adopted a new compensation policy that will allow for so-called "clawbacks." The insurer will be able to take back bonuses from executives whose actions cause serious financial harm to the company.

Chevron - Chevron is reportedly cutting compensation for its CEO and other top executives, reflecting recent safety issues. The Wall Street Journal says an oil leak in Brazil and the fire at Chevron's refinery in Richmond, California are among the incidents that impacted pay.

Paychex - Paychex reported third quarter profit of $0.40 per share, one cent above estimates, though revenues fell shy of consensus. The provider of payroll services also saw an increase in its operating profit margins.

Red Hat - Red Hat reported fourth quarter profit of $0.33 per share, excluding certain items, three cents above estimates. Revenues fell slightly short of Wall Street estimates for the distributor of Linux software.

PVH - The company earned $1.54 per share for its fourth quarter, excluding certain items, four cents above estimates, with revenues also beating forecasts. However, the clothing maker forecast 2013 profit short of analyst consensus due to a drag from its acquisition of Warnaco.

JPMorgan Chase - JPM is now rated "stable" by Standard & Poor's from a prior "negative" rating, with S&P saying the bank has successfully addressed its risk-management missteps.

MetroPCS - Shareholders are being urged to vote against a merger with T-Mobile USA by proxy advisory firm ISS. The firm says the deal undervalues MetroPCS.

Sprint - Sprint may have to give the U.S. government oversight of its network equipment purchases in exchange for approval of a $20 billion Sprint takeover by Japan's Softbank. That's according to Reuters, which says the government will require Sprint to notify it if any national security concerns or public safety considerations arise.

Dell - Chief executive Michael Dell could stay on as CEO if Blackstone Group is successful in its bid to buy Dell, according to the Wall Street Journal. The paper says Blackstone is open to keeping Dell, an attitude that could help sway the opinion of a special committee with oversight of the proposed bids. - The online retailer will release a smartphone during the second quarter, according to DigiTimes, which says Amazon has opted for a larger 4.7 inch screen because it sees increasing demand for larger-sized screens.

Finish Line - The sporting goods retailer reported quarterly profit of $0.76 per share, beating estimates by two cents. However, revenues were short of consensus, and its same-store sales growth of 0.7 percent was the weakest in three years.

Heinz - Argus Research has downgraded the stock to "sell" from "buy." The stock, of course, has benefited from the pending buyout from Warren Buffett's Berkshire Hathaway, with a shareholder vote scheduled for April 30.