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Early movers: DE, LH, ABBV, WMT, DSW, YHOO & 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:

Deere—The farm equipment maker earned $1.12 per share for its latest quarter, well above the 83 cent consensus estimate, with revenue also beating forecasts. However, Deere highlighted difficult global market conditions and said it expected a 17-percent drop in equipment sales for 2015.

LabCorpThe medical lab operator earned an adjusted $1.65 per share for its latest quarter, 2 cents above estimates, with revenue also above analyst forecasts. The company also projected 2015 earnings that are above current Street estimates, and sees improvements from its "LaunchPad" initiative to update its systems.

AbbVieJefferies named the drug maker as "top global pick," bumping Pfizer to second place on that list. Jefferies points to a strong set of positive drivers for AbbVie in the first half of this year, including strong growth for its best-selling Humira drug.

Wal-MartBarclays downgraded the retailer's stock to "equal weight" from "overweight," saying Wal-Mart is unlikely to see near-term benefits from its just-announced increase in wages that offset the higher expenses.

DSWCannacord upgraded the show retailer to "buy" from "hold," because of brighter prospects in women's footwear. That category is DSW's largest, and may see a boost from fashion updates from key suppliers.

NordstromThe retailer fell 3 cents shy of estimates with quarterly profit of $1.32 per share. Revenue was essentially in line, but Nordstrom's full-year outlook was well below Street forecasts. Nordstrom has been increasing its investment in technology upgrades, and has also been increasing promotional activity at its Nordstrom Rack business.

Yahoo—The company plans to develop a new mobile developer suite. The announcement was made by CEO Marissa Mayer at the Yahoo's mobile conference.

IntuitThe maker of the TurboTax software reported a quarterly loss of 6 cents per share, smaller than the 13 cent loss analysts were projecting. Intuit did beat Street estimates with its revenue, and also raised projected yearly online subscriber growth for its Quickbooks accounting software.

Marvell TechnologyThe chip maker reported adjusted quarterly profit of 25 cents per share, beating estimates by a penny, but revenue and current quarter guidance fell below Street estimates. Marvell has been stepping up its efforts to design and manufacture chips aimed at the so-called "Internet of Things".

Newmont Mining—The mining company earned an adjusted 17 cents per share for its latest quarter, 7 cents above estimates, with its revenue also beating forecasts. Newmont said its "growth projects" are doing particularly well.

Noodles & Co.The restaurant chain missed estimates by a penny with adjusted quarterly profit of 13 cents per share, with revenue falling just below estimates as well. It also cut its full-year guidance, as same-restaurant sales growth fails to meet prior forecasts.

Rocket Fuel—The online advertising company lost 18 cents per share for its latest quarter, a loss that was 3 cents smaller than analysts had expected. However, revenue and current quarter sales guidance for Rocket Fuel were below analyst estimates. The company said it is implementing cost controls and slowing down hiring to improve its results.

SanofiThe drug maker appointed Bayer executive Olivier Brandicourt as its new chief executive officer, effective April 2.

BP—The oil major lost its bid to reduce the maximum fine it may face for the 2010 Gulf oil spill. A judge's ruling means it could be forced to pay up to $13.7 billion, rather than the $9.57 billion maximum sought by BP. No final decision has been made on how much BP will ultimately pay.

IDT—The company reached an agreement with Cuba's national telecom company to provide international long distance service between the US and Cuba.


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