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Early movers: TIME, AVP, RIO, NLSN, CSCO & more

Check out which companies are making headlines before the bell:

Time – The magazine publisher gave a downbeat sales outlook for 2015, on weaker circulation. Time, which publishes magazines like People and Sports Illustrated, sees a three to six percent drop in revenue this year, more than the consensus forecast for a two percent decline. Time earned an adjusted 73 cents per share for its latest quarter, five cents below estimates.

Avon Products – The maker of personal care products earned an adjusted 20 cents per share for its latest quarter, missing estimates by five cents, and revenue was also below analyst projections. Currency fluctuations had a significant impact on Avon's results, and the company said that will continue to be the case this year as it does most of its business outside the U.S.

McGraw-Hill Financial – The parent of Standard and Poor's earned 95 cents per share for its latest quarter, a five-cent beat, while revenue was above estimates as well.

Rio Tinto – The mining company beat estimates for its latest quarter on both the top and bottom line, and also said it would buy back $2 billion in stock this year. All that comes despite pressure from weak iron ore prices.

Nielsen – The media rating company beat estimates by one cent with adjusted quarterly profit of 81 cents per share, though revenue was shy of forecasts.

Cisco Systems – Cisco earned an adjusted 53 cents per share for its latest quarter and beating estimates by two cents. Revenue was also above forecasts, and the networking equipment maker also raised its dividend by two cents to 21 cents per share.

Whole Foods – Whole Foods beat estimates by a penny with quarterly profit of 46 cents per share, while revenue matched consensus. The natural foods grocer also said same-store sales are increasing, and customers have responded positively to a cut in prices.

Tesla – Tesla reported an adjusted quarterly loss of 13 cents per share, compared to forecasts for a 31 cent per share profit. Revenue also fell below estimates, with the automaker pointing to weather and shipping problems affecting delivery of cars. Tesla also said it would begin shipping the Tesla Model X in six months.

Applied Materials – Applied Materials matched estimates on both the top and bottom line, although the semiconductor equipment maker said new specialty chip orders fell during the quarter. The company also forecast current quarter profit and sales below Street estimates.

Twitter – Twitter bought content creation tool maker Niche for an undisclosed price.

FireEye - FireEye lost 38 cents per share for its latest quarter, 11 cents smaller than analyst forecasts. Revenue was above estimates for the provider of cybersecurity products, as business and government increase spending to protect themselves from hacking attacks.

Zulily – Zulily missed estimates by three cents with adjusted quarterly profit of 11 cents per share, and revenue was well short of estimates as well. The online discount retailer's sales outlook for the current quarter is also well under Street forecasts

Baidu – Baidu posted lower than expected earnings and revenue for its latest quarter, and its current quarter outlook falls well short of analyst projections. China's biggest search engine is being hit by a shift to mobile browsing, which is less profitable.

Cheesecake Factory – The company fell 12 cents shy of estimates with adjusted quarterly profit of 48 cents per share, with revenue also falling short. The restaurant chain was hurt by higher costs.

NetApp – NetApp missed estimates by two cents with adjusted quarterly profit of 75 cents per share, and revenue also missed estimates, as does its current quarter outlook. The maker of data storage products did increase its stock buyback program by $2.5 billion.

Panera Bread – Panera matched estimates with adjusted quarterly profit of $1.82 per share, but revenue and current year guidance fell below analyst forecasts. The restaurant chain did see sales growth, but that was offset by higher costs.

TripAdvisor – TripAdvisor reported adjusted quarterly profit of 35 cents per share, two cents short of estimates, though revenue did beat forecasts as the travel website operator saw higher advertising and subscription sales.

Nvidia – Nvidia scored a 14 cent beat with adjusted quarterly profit of 43 cents per share, with the graphics chipmaker's revenue above estimates as well. Nvidia has been increasing its push toward chips for mobile devices and cars.

General Electric – General Electric will begin allowing shareholder groups to nominate candidates for the company's board of directors, if those candidates are backed by shareholders who have owned at least three percent of GE's outstanding shares for at least three years.

By CNBC's Peter Schacknow

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