Early movers: TIF, AAPL, T, AGN, PFE, TIVO & more

Traders work on the floor of the New York Stock Exchange (NYSE) on Friday.
Spencer Platt / Staff | Getty Images
Traders work on the floor of the New York Stock Exchange (NYSE) on Friday.

Check out which companies are making headlines before the bell:

Tiffany–The luxury goods retailer earned 95 cents per share for its second quarter, beating estimates by 11 cents. Revenue also beat forecasts and the company also raised its 2014 forecast, noting improving sales and expanding profit margins.

Express–The retailer earned eight cents per share for the second quarter, beating forecasts for a break even quarter. It also raised its full year forecast, which now comes in above analyst estimates. The company said its profit margins are improving amid a difficult environment.

Michaels Cos–The arts and crafts retailer earned 15 cents per share for its second quarter, beating estimates by seven cents, with revenue also above forecasts. The company said profit margins were "healthy" during the quarter, and gave a 2014 full-year forecast that is above current Street consensus.

Pfizer, Eli Lilly–Deutsche Bank initiated coverage on the drug makers with "buy" ratings, while giving "hold" ratings to Bristol-Myers Squibb and Merck.

Facebook–The stock was downgraded to "neutral" from "buy" at Janney Montgomery Scott, with the firm saying Facebook would begin to face "valuation headwinds" in 2015.

Smith & Wesson—The gun manufacturer earning 26 cents per share for its first quarter, one cent above estimates. However, revenue was shy of consensus, and the company also lowered its outlook for the year because of high inventories.

TiVo–TiVo beat estimates by one cent with second quarter profit of eight cents per share, while subscription levels rose by one third to 4.8 million. However, the maker of digital video recorders also forecast a current quarter profit range that falls largely below analyst estimates.

AT&T–The cellular giant is combining its wireless and business units, with AT&T Mobility chief Ralph de la Vega becoming chief executive of the combined entity.

Apple–The tech behemoth is reportedly planning to roll out a new, larger version of its iPad in 2015, according to Bloomberg. The new version would be 12.9 inches, compared to the current 10-inch iPad and 7.9-inch iPad Mini.

Allergan–Allergan has called a special shareholders meeting for December 18, at which activist investor Bill Ackman will attempt to oust most of the company's board. Ackman is trying to move forward a hostile acquisition bid for Allergan by Valeant Pharmaceuticals.

Aruba Networks–The networking equipment maker reported better than expected earnings and revenue for its fourth quarter, and also announced it would cut 3.7 percent of its workforce.

By CNBC's Peter Schacknow

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