Check out which companies are making headlines before the bell:
Lowe's–The home improvement retailer missed estimates by four cents with quarterly profit of 70 cents per share. Revenue missed forecasts, and same-store sales rose less than expected. JPMorgan Chase analyst Chris Horvers told CNBC that rival Home Depot has an advantage over Lowe's in both execution and store location.
Johnson & Johnson–The company said it expects to have 10 or more new drugs in the pipeline by 2019, each with potential sales of $1 billion.
Staples– The office supplies retailer matched estimates with adjusted quarterly profit of 17 cents per share, but revenue fell short and sales fell more than anticipated. Staples is in the process of merging with rival Office Depot, just two years after acquiring OfficeMax.
Hormel Foods–Hormel reported quarterly profit of 67 cents per share, five cents above estimates, although revenue was shy of forecasts. Hormel does say that its Jennie-O turkey business could be "significantly challenged" due to the impact of the bird flu outbreak in the U.S. However, Hormel did reaffirm its full-year earnings forecast.
Northrop Grumman–The aerospace company raised its quarterly dividend to 80 cents per share from 70 cents, an increase of 14 percent.
Lions Gate–Jefferies initiated coverage on the movie studio's stock with a "buy" rating, saying it's an attractive "pure play" for premium content.
FireEye–Evercore began coverage on the cybersecurity products maker's stock with a "buy" rating.
Autodesk—The maker of design software reported adjusted quarterly profit of 30 cents per share, two cents above estimates. Revenue also beat forecasts, but Autodesk also forecast lower than expected earnings and revenue for the current quarter because of a stronger dollar.
Etsy–Etsy lost 84 cents for its latest quarter, though revenue matched estimates. The online crafts seller's quarterly loss was more than seven times larger than the loss it posted in the year ago quarter. Etsy said it would hire more people this quarter and spend more on marketing.
Analog Devices–Analog Devices reported adjusted quarterly profit of 73 cents per share, beating estimates by a penny. Revenue was slightly above forecasts, and the chip maker said it is seeing stable order rates in its various markets.
Bunge–Bunge announced a new $500 million stock buyback program, and the grain trading firm also said it was raising its quarterly dividend by four cents to 38 cents per share, an increase of 12 percent.
United Technologies–The company is in talks with possible buyers for its Sikorsky Aircraft unit, according to sources quoted by The Wall Street Journal. The company has previously said it is considering its options for that business.
UBS–The Swiss bank will pay $545 million to settle an investigation by U.S. officials into alleged rigging for currency markets.
Time Warner Cable–The cable company could be in play once again today, with French telecom company Altice announcing a deal to buy Suddenlink Communications of the U.S., and reportedly having held talks to buy TWC, according to Reuters.
Yahoo–Yahoo shares came under pressure on concern that possible U.S. tax law changes could affect the company's planned spinoff of its Alibaba stake. However, Yahoo issued a statement saying it understands that the latest IRS statement on the matter is not specific to the planned move.
Norwegian Cruise Lines–The cruise line operator said its Norwegian Dawn cruise ship will be inspected in Bermuda today for any possible damage after it ran aground on a reef. The company said all were safe and there were no injuries.
Pep Boys–Pep Boys has been approached by possible buyers, according to The Wall Street Journal, which said Golden Gate Capital is among the suitors interested in the auto parts retailer.
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