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Early movers: BIG, SPLS, FL, MGM, WYNN, GPS & more

Trader on the floor of the New York Stock Exchange.
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Trader on the floor of the New York Stock Exchange.

Check out which companies are making headlines before the bell:

Big Lots—The discount retailer beat estimates by a penny with adjusted quarterly profit of $1.76 per share, with revenue essentially in line. However, current quarter and full-year guidance is shy of Street forecasts.

Staples—The office supplies retailer earned an adjusted 31 cents per share, 1 cent above estimates, though revenue was slightly short. Staples did see a notable increase in profit margins during the quarter.

Foot Locker—The athletic apparel retailer reported adjusted quarterly profit of $1 per share, beating estimates by 9 cents. Revenue was above estimates as well, and Foot Locker's same-store sales increase of 10.2 percent was well above forecasts of a 5.8 percent increase.

Gap—The apparel retailer reported February same-store sales were down 4 percent. Analysts had expected the parent of Old Navy, Gap, and Banana Republic to post a 1.4 percent increase.

MGM Resorts—The gaming and hospitality company will begin construction on an $800 million Springfield, Massachusetts casino and resort on March 24.

JPMorgan Chase, Citigroup, Bank of America, Wells Fargo—These and other large banks will be on watch today, on news that all 31 banks tested by the Federal Reserve passed this year's so-called stress test.

Finisar—The network equipment maker reported quarterly profit of 25 cents per share, matching estimates, with revenue in line with forecasts as well. Finisair gave an upbeat current quarter forecast for revenue and profit on increased demand for its wireless transceivers, as well as more business from several of its data communications customers.

Fresh Market—The specialty grocer beat estimates by 4 cents with adjusted quarterly profit of 55 cents per share, though revenue and 2015 earnings guidance are slightly below consensus. Fresh Market also announced plans to close its remaining stores in California.

Wynn Resorts—Co-founder Elaine Wynn has filed proxy materials for re-election to the company's board. The company has been seeking to block the ex-wife of chairman Steve Wynn from returning as a director.

Life Time Fitness—The fitness center chain is in advanced talks to be bought by private equity bidders, according to the Wall Street Journal.

Google—The company's planned new wireless service will only work initially on Google's Nexus 6 smartphone, according to the Journal.

Costco—Costco wants to eliminate chicken and meat that are grown with human antibiotics, according to a Reuters report.

Apple—The company's Apple Pay system has been hit by a series of fraudulent transactions in recent weeks. The Wall Street Journal said those transactions stemmed from breaches at retailers like Home Depot and Target.

SAP—The software company is cutting 2,250 jobs—about 3 percent of its workforce—while creating a similar number of jobs in other parts of its business that it considers growth areas.


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