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Check out which companies are making headlines before the bell:

Procter & Gamble–The consumer products company beat estimates by a penny, with fiscal second quarter profit of $1.21 per share, excluding certain items. Procter said it expects to see strong earnings growth during the second half of the fiscal year, despite some headwinds from currency issues.

Stanley Black & Decker–The tool maker reported fourth quarter profit of $1.32 per share, excluding certain items, two cents above estimates. The company is being helped by the recovering housing market and stronger sales in the construction and do-it-yourself market segments.

Covidien–The health care products company earned $1.00 per share for the fiscal first quarter, excluding certain items, beating estimates by six cents. Its expenses rose from a year earlier, but sales were higher as the company added new products.

Xerox–Xerox matched estimates with quarterly profit of 29 cents per share, and announced an 8.7 percent increase in its quarterly dividend.

Honeywell–The company reported fourth quarter profit of $1.24 per share, excluding certain items, beating estimates by three cents. Revenue was also slightly above analyst forecasts, with Honeywell saying it was pleased with its performance despite a slow growth environment.

Microsoft –The software giant reported fiscal second quarter profit of 78 cents per share, ten cents above estimates, with revenue also beating forecasts. Microsoft's results were helped by strong holiday season sales for Xbox game consoles and Surface tablets, as well as its Office software suite.

Starbucks–The coffee giant reported fiscal first quarter profit of 71 cents per share, two cents above estimates, with same-store sales increasing by 5 percent from the prior year. However, the company is predicting current quarter profit slightly below street consensus.

Juniper Networks–Juniper earned 43 cents per share for the fourth quarter, excluding certain items, six cents above estimates. The maker of networking equipment was helped by increased spending by its core telecom industry customers. Separately, Jana Partners has taken a big stake in Juniper Networks, according to the Wall Street Journal, although the size of the stake isn't disclosed. Jana wants Juniper to cut costs and return more capital to shareholders.

Altera–The programmable chip maker reported fourth quarter profit of 31 cents per share, a penny above estimates, with revenue coming in above consensus as well. Altera's results were helped by sales of its new offerings.

Morgan Stanley–CEO James Gorman received $4.9 million in restricted stock as part of his 2013 bonus, according to an SEC filing.

Hewlett-Packard–HP sold 2,400 mobile patents to Qualcomm (QCOM) for an undisclosed amount. The bulk of the patents were originally acquired by HP when it bought Palm in 2010.

Intuitive Surgical–The company reported fourth quarter profit of $4.28 per share, well above estimates of $3.82, but the stock is coming under pressure because the maker of surgical equipment did not issue 2014 revenue guidance. It cited a "lack of visibility" as the primary reason.

Yelp–Director Keith Rabois has resigned from the online review site's board. The former PayPal executive is being replaced by founder and chief executive Mariam Naficy.

Boeing—Vice president Mike Fleming told an Oslo news conference that the reliability of the Dreamliner is slowing improving but still is not satisfactory. Separately, Boeing and General Dynamics reached a $400 million settlement to resolve the legal dispute over the cancellation of the A-12 aircraft program in 1991.

JPMorgan Chase–JPM's board has voted to give CEO Jamie Dimon a raise for 2013, according to the New York Times. Dimon's compensation had been cut in half in 2012 following the London Whale trading incident that resulted in a multi-billion loss for the firm.

Target—Chief financial officer John Mulligan will testify before a Senate panel on February 4 regarding the recently revealed data breach.

Home Depot–Home Depot bought Houston-based online window treatment company for an undisclosed amount.

By CNBC's Peter Schacknow

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