Early Movers: SHLD, LB, EXPR, ARO, TWX, TM & more

A trader works on the floor of the New York Stock Exchange.
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A trader works on the floor of the New York Stock Exchange.

Check out which companies are making headlines before the bell:

Sears—The retailer reported a smaller-than-expected loss, with better-than-expected revenue and same-store sales. Its quarterly loss was wider than a year ago and its revenues were lower, as Sears focuses on spinning off businesses and improving its finances.

L Brands—The Victoria's Secret parent reported an 8 percent jump in comparable-store sales for November, above estimates of a 4.6 percent increase.

Dollar General—The discount retailer fell short of estimates by 1 cent with adjusted quarterly profit of 79 cents per share, with revenue and same-store sales also below consensus. Dollar General did say it saw a pickup towards the end of the quarter, and that it remains committed to buying rival Family Dollar.

Wal-MartUBS downgraded the retailer to "neutral" from "buy" on a valuation basis, noting an 11 percent increase over the past month.

Dish NetworkBarclays cut its rating on the satellite TV operator to "underweight" from "equal weight," saying Dish likely will have to focus on capital-intensive options for expansion.

Express—The specialty apparel retailer beat estimates by 1 cent with quarterly profit of 17 cents per share, but revenue and comparable store sales were below estimates. The company has cut its full-year guidance based in weaker in-store performance, although it added that its e-commerce business is improving.

Walt Disney—Disney raised its annual dividend by 34 percent to $1.15 per share, payable on January 8, 2015, to shareholders of record on Dec. 15.

Aeropostale—Aeropostale matched estimates by losing 45 cents per share, its eighth straight quarterly loss. Revenue did come in above expectations, but same-store sales fell 11 percent and the company also gave weaker-than-expected forward guidance. The teen retailer also said it would close 75 stores during the fourth quarter.

PVH—The clothing maker reported adjusted quarterly profit of $2.56 per share, 8 cents above estimates, though revenue was slightly below forecasts. PVH did lower its forward guidance, citing the negative impact of foreign exchange rates.

Guess—The clothing retailer beat estimates by 6 cents with quarterly profit of 24 cents per share, but sales fell below analysts' forecasts. Guess also lowered its full-year forecast amid a decline in sales.

Pacific Sunwear—The apparel retailer lost an adjusted 3 cents per share for its latest quarter, 1 cent smaller than estimates, and also reported stronger-than-expected sales. PacSun did report a four-percent rise in comparable-store sales, well above analysts' forecasts.

Devon Energy—Chief Executive Officer John Richels will retire on July 31, 2015, with current Chief Operating Officer Dave Hager set to succeed him.

Time Warner—The company's HBO unit could run into problems with DirecTV, depending on the success of its planned streaming service. Reuters reports DirecTV would have the right to scale back marketing of HBO if it signs up more than 450,000 subscribers for the new service.

Toyota—The automaker has expanded its recall of cars with Takata air bags in Japan and China by 190,000 vehicles. At the same time, Ford is also adding 13,000 vehicles to its recall of affected vehicles.

Best Buy—The electronics retailer will sell its China business to concentrate on its North American stores. It did not reveal the price paid by the buyer, China-based real estate firm Zhejiang Jiayuan Group.

Blackstone—President and Chief Operating Officer Tony James is considering taking a job away from Blackstone, including a possible government post, according to a Reuters report.

By CNBC's Peter Schacknow

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