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Early Movers: IBM, VFC, HAL, VRX, HAS, YHOO & more

Check out which companies are making headlines before the bell on Monday:

IBM (IBM) – IBM reported third quarter profit of $3.68 per share, excluding certain items, missing estimates of $4.31. Revenue was also below estimates, in a performance that the company calls "disappointing". Separately, IBM will pay Globalfoundries $1.5 billion to take over its semiconductor unit, after unsuccessful attempts to sell the business.

Read MoreApple earnings: What investors will be looking for

VF Corp. (VFC) – The parent of North Face and other clothing brands reported third quarter profit of $1.08 per share, missing estimates by one cent, with revenue also slightly below consensus. However, VF raised its forecast for the year and also boosted its quarterly dividend by 22 percent.

Halliburton (HAL) – The oilfield services provider beat estimates by nine cents with third quarter profit of $1.19 per share, and its revenue also exceeded estimates. Halliburton also announced a 20 percent increase in its quarterly dividend to 18 cents per share.

(Read More: See the Day's Top Percentage Winners & Losers)

Hasbro (HAS) – Hasbro beat estimates by one cent with third quarter profit of $1.46 per share, excluding certain items. Revenue was in line with estimates, increasing in all of the toymaker's business segments.

Valeant (VRX) – The drug maker earned $2.11 per share for the third quarter, 12 cents above estimates, though revenue was slightly below forecasts.

Yahoo (YHOO) – Yahoo will announce new cost-cutting efforts and potential acquisitions tomorrow, according to the Wall Street Journal. Yahoo has been under pressure from activist investor Starboard for a "bloated" cost structure.

SAP (SAP) – The software giant cut its full year profit outlook, due to a shift in how customers are buying its software. The change to cloud software purchases from packaged software delays recognition of revenue from those sales.

Microsoft (MSFT) – Microsoft will launch a smartwatch in the next few weeks, according to Forbes.

Apple (AAPL) – Apple will roll out its Apple Pay service this morning, allowing users to pay for items at stores using an iPhone and its fingerprint ID technology.

Read MoreGoodbye wallet, hello iPhone? Apple's big Pay day

QEP Resources (QEP) – QEP sold its natural gas business to Tesoro Logistics for $2.5 billion. Tesoro Logistics is a master limited partnership controlled by Tesoro Corp. (TSO).

Cleco Corp. (CNL) – Cleco will be acquired by a group of North American investors for $3.4 billion, or $55.37 in cash. That represents a 15 percent premium over Friday's closing price for the public utility company's shareholders.

(Read More: See CNBC's Market Insider Blog)

Micron Technology (MU) – Pacific Crest upgraded the chip maker's stock to "outperform" from "sector perform", based on stronger pricing for memory chips.

Norwegian Cruise Line (NCLH) – Citi removed the cruise line operator's shares from its focus list, citing the recent drop-off in booking volumes on health-related concerns. However, Citi still feels Norwegian, along with Royal Caribbean (RCL) and Carnival (CCL), are attractive long-term investments.

Family Dollar (FDO) – The company received a letter from activist investor Elliott Advisors, stating that it is nominating seven candidates to the discount retailer's board. Elliott feels Family Dollar missed opportunities to maximize shareholder value in agreeing to be acquired by Dollar Tree (DLTR).

Sears Holdings (SHLD) – Sears got an injection of $169 million last week from the hedge fund run by chief executive officer Edward Lampert, with the fund buying some of the retailer's shares in Sears Canada.

—By CNBC's Peter Schacknow

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