Market Insider

Early movers: AOL, WHR, PM, CBS, NOK & more

Traders work on the floor of the New York Stock Exchange.
Brendan McDermid | Reuters

Check out which companies are making headlines before the bell:

AOL–The company reported adjusted quarterly profit of 34 cents per share, two cents above estimates, while revenue was well above forecasts. AOL's results were driven by strength in video, mobile, and programmatic advertising.

Whirlpool–RBC initiated coverage of the appliance maker with an "outperform" rating, calling Whirlpool an exceptionally well-managed company that will benefit from a favorable competitive environment in North America.

Philip Morris InternationalGoldman Sachs upgraded the tobacco producer to "neutral" from "sell", pointing to better underlying fundamentals in the company's key markets.

CBS–CBS reported quarterly profit of 78 cents per share, three cents above estimates, with revenue slightly higher than forecasts. CBS benefited from higher revenue from affiliates and subscription fees.

Monster Beverage–Monster Beverage reported adjusted quarterly profit of 62 cents per share, six cents below estimates, and the energy drink maker's revenue was shy of forecasts as well. The company suffered from the end of various third-party distribution partnerships.

Nvidia–Nvidia fell two cents short of estimates with quarterly profit of 24 cents per share, though the chipmaker's revenue was in line. Slower personal computer sales hurt demand for Nvidia's graphics cards, and the company was also impacted by the stronger dollar.

Sprouts Farmers Markets–Sprouts came in one cent short of estimates with adjusted quarterly profit of 25 cents per share, while revenue also missed analyst forecasts. The organic grocer's same store sales growth of 4.8 percent also fell shy of projections, with the company citing bad weather and the West Coast port strike.

Biogen–Biogen announced a new stock buyback program of up to $5 billion.

Nokia–Nokia reportedly received an offer of as much as $3 billion from car service operator Uber for its "Here" mapping service. Nokia had said last month that it was considering a sale of that unit.

Syngenta–Syngenta rejected a $45 billion takeover offer from Monsanto, saying the offer undervalued the maker of agricultural chemicals.

Toyota-The automaker is predicting a third straight year of record profits, thanks to stronger U.S. sales that are offsetting weakness in Asia.–Salesforce stock is on watch again today, with Reuters reporting that Microsoft is not considering a bid for the business software maker. Reports earlier this week said Microsoft was considering an offer for Salesforce.

SandRidge Energy–SandRidge is being investigated for possible violations of federal antitrust law, according to an SEC filing. SandRidge said the inquiry is related to the leasing of its oil and gas properties and that it is cooperating.

Ericsson–The technology supplier is suing Apple in Germany, Britain, and the Netherlands over technology licensing payments, and said its offer to enter into arbitration with Apple has now expired.

Bojangles–Bojangles priced its initial public offering at $19 per share, above the expected range, giving the company a $680 million value. The restaurant chain will begin trading today on Nasdaq.

Micrel–Micrel is being bought by fellow chipmaker Microchip Technology for $839 million or $14 per share. Micrel shareholders will have the option of taking either cash or Microchip shares.

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