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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:

Lululemon—The apparel retailer beat estimates by 5 cents with quarterly profit of 78 cents per share, with revenue essentially in line and same-store sales increasing by five percent. However, Lululemon's forecast for the current quarter is short of Street estimates.

SanDisk—The memory chip maker cut its revenue outlook for its fiscal first quarter to about $1.3 billion from the prior forecast of $1.4 billion to $1.45 billion. SanDisk cites lower than expected sales and lower pricing for some products, among other factors.

ConAgra—The food producer beat estimates by seven cents with quarterly profit of 59 cents per share, with revenue and its full-year forecast also above estimates. ConAgra did note that its private brands business was not performing up to expectations.

Winnebago—The recreational vehicle maker missed estimates by 8 cents with quarterly profit of 30 cents per share, with revenue also well below forecasts. The company said it was hurt by labor-related constraints and higher operating expenses, although it also said it was seeing its profit margins improve and expects positive cash flow during the second half of the year.

GoPro—The high definition camera maker's stock was upgraded to "outperform" from "neutral" at Baird, which points to the strength of the GoPro brand, its distribution network, as well as the company being in the early stages of penetration in the action sports market.

Accenture—The consulting firm earned $1.08 per share for its latest quarter, 1 cent above estimates, with revenue also above forecasts. Accenture's results were boosted by growth in its North American outsourcing business.

Union Pacific—Cowen downgraded the rail operator's stock to "market perform" from "outperform," saying growth prospects appear to be weaker than Cowen had previously thought.

McDonald's—New CEO Steve Easterbrook will meet with analysts today for the first time since assuming the top job at the fast food giant.

PVH Corp.—The apparel maker reported adjusted quarterly profit of $1.76 per share, 3 cents above estimates. Revenue was slightly below forecasts, and PVH's full-year guidance is below Street forecasts. The maker of the Calvin Klein and Tommy Hilfiger brands points to the negative effects of the strong dollar.

Five Below—The discount retailer earned 61 cents per share for its latest quarter, 1 cent above estimates, with revenue also beating forecasts. However, Five Below also gave revenue guidance below estimates.

Red Hat—Red Hat reported adjusted quarterly profit of 43 cents per share, beating estimates by 2 cents, with revenue well above analyst projections. The Linux distributor is seeing increasing demand for its cloud-based products, and also announced a $500 million share buyback program.

McCormick—The spice maker authorized a new $600 million share buyback program. This will replace McCormick's current $400 million program when it is completed sometime this year.

American Express—The company may cut jobs if it can't keep clients who got their Amex cards through a relationship with Costco. The 16-year deal between the two parties will expire next year and Costco has already signed a deal with Visa and Citigroup to replace the American Express deal.

Exxon Mobil, Chevron—These and other oil companies will be on watch today as crude prices surge following the Saudi air strikes in Yemen.

Toyota—The automaker is seeking to cut in half the amount of money it takes to retool factories for new models, compared with it was spending in the past decade.

Apple—Apple and its Beats music service are working on a subscription streaming services that won't have a free tier, according to a story in the New York Times. Separately, Apple is planning an iPhone trade-in program in China, according to Bloomberg.

Twitter—Twitter will pass Yahoo for third place in U.S. online ad sales this year, according to the Wall Street Journal.

Expedia, Orbitz Worldwide—The two online travel companies have each been asked for more information about their pending merger by the Justice Department.

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