Market Insider

Early movers: MRK, COH, ADM, HLF, DIS, NFLX & more

Traders work on the floor of the New York Stock Exchange, April 16, 2014.
Getty Images

Check out which companies are making headlines before the bell:

Merck–The pharmaceutical giant reported first quarter profit of 88 cents per share, nine cents above estimates, though revenue was slightly short. Merck said its bottom line was helped by strategic initiatives that helped cut costs, as well as portfolio divestitures.

Coach–The luxury goods retailer earned 68 cents per share for the third quarter, seven cents above estimates, with sales roughly in line. Coach saw weakness in its women's bag and accessories business, but did note strength in men's products as well as footwear.

Archer Daniels Midland–The commodities processor fell 19 cents shy of estimates with first quarter profit of 55 cents per share. Revenue fell short of forecasts as well, with weak results in ADM's agriculture business due to low margins and bad weather.

Herbalife suspends dividend, beats on earnings
Herbalife suspends dividend, beats on earnings

Forest Labs–The drug maker reported fourth quarter profit of 87 cents per share, well above estimates of 44 cents, and revenue was significantly above analyst forecasts as well. Forest is currently in the process of being acquired by Actavis.

Eaton Corp–The manufacturer earned $1.01 per share for the first quarter, excluding certain items, a penny above estimates. Eaton's acquisition of Cooper Industries added to earnings, as it expands its offerings to reduce exposure to cyclical sectors.

Coca-Cola–Nomura Securities began coverage of Coca-Cola with a "buy" rating, based on the effectiveness of strategy initiatives the beverage maker is likely to undertake.

Cummins–The engine maker earned $1.83 per share for the first quarter, 16 cents above estimates, with revenue also beating consensus. It also raised its yearly revenue outlook, based on improving demand in North America.

Goodyear Tire–The tire maker fell four cents shy of estimates with first quarter profit of 56 cents per share, with revenue also short of consensus. Goodyear is among the companies citing bad weather as impacting its bottom line.

Buffalo Wild Wings–The company reported first quarter profit of $1.49 per share compared to estimates of $1.34. Revenue was also above consensus, with the restaurant chain aided by strong same-store sales growth and lower chicken wing prices.

AT&T–The wireless giant plans to launch a high speed in-flight broadband service for airlines and their passengers, with a target date of late 2015. That's having a direct impact on shares of Gogo Internet, a leading provider of in-flight internet services.

Zillow–Zillow could get a boost today on news that Tiger Global Management has taken a 9.5 percent stake in the real estate website operator.

Container Store–Container Store missed estimates by five cents with fiscal fourth quarter profit of 22 cents per share, with revenue also falling short of projections. The storage products retailer also forecast full year earnings that are below Street estimates, yet pointed out that its profit jumped from a year earlier, despite the worst weather in its 35-year history.

Herbalife–Herbalife reported first quarter profit of $1.50 per share, excluding certain items, 20 cents above estimates. Its current quarter projection is slightly below forecasts, but its revenue growth projection is better than analysts have been expecting. The health care products company has also terminated its dividend, and will instead use that money to buy back more stock.

Walt Disney–Disney was in talks to acquire BuzzFeed earlier this year, according to Fortune magazine. However, Disney CEO Bob Iger did tell CNBC that the two sides had talked a few months ago, but nothing came of those discussions.

Netflix–The streaming video service and Verizon have struck a deal that will provide Netflix with faster delivery of its content, similar to the deal Netflix struck earlier in the year with Comcast.

Cirrus Logic–The company is buying Britain's Wolfson Electronics for $489 million in cash. Wolfson is a maker of microchips that specializes in audio technology.

By CNBC's Peter Schacknow

Questions? Comments? Email us at