×

Early movers: GE, NFLX, GM, GPS, RT, CTRX & more

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

Check out which companies are making headlines before the bell:

General Electric—GE announced a major restructuring of GE Capital, including the sale of most of the unit's assets, and will institute a $50 billion stock buyback program with proceeds from the move.

Netflix—Citi upgraded Netflix to "buy" from "neutral," saying it doesn't share competition concerns that are currently reflected in the stock's price.

General Motors—Citi added the automaker's stock to its Citi Focus List, saying a recent pullback makes for an even more attractive entry point and that it retains the optimism reflected in a January analyst report.

Gap—The apparel retailer reported a two-percent rise in comparable store sales for March, above the 0.6-percent consensus estimate. The results were entirely driven by a 14-percent gain by Gap's Old Navy chain, while the Gap and Banana Republic brands saw declines.

Ruby Tuesday—Ruby Tuesday lost 1 cent per share for its latest quarter, smaller than the 4 cent loss expected by analysts. Revenue was in line, but the restaurant chain did lower its same-restaurant sales outlook for 2015, now expecting a one-percent decline compared to its prior forecast for a one percent increase.

Citrix Systems—The business software maker cut its profit and sales outlook for its first quarter, citing both negative impact from currency fluctuations, as well as Citrix's restructuring initiatives.

PriceSmart—The warehouse club operator earned 82 cents per share for its latest quarter, 16 cents below estimates, although PriceSmart did see revenue above forecasts. The company, which operates in Latin America and the Caribbean, pointed specifically to the devaluation of the Columbian peso as a primary reason for the earnings shortfall.

eBay—eBay and its PayPal unit announced an agreement that will maintain an interdependence between the two when PayPal splits into a separate company. EBay agreed not to create its own payment system for that five-year period, while PayPal agreed not to create an online marketplace during that time.

Apple—Apple debuts its highly-anticipated Apple Watch today, with consumers having already flocked to locations overseas where the watch is on display.


Questions? Comments? Email us at marketinsider@cnbc.com