Market Insider

Early movers: TIF, KORS, TOL, BWS, HRL, AMZN & more

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

Check out which companies are making headlines before the bell:

Tiffany—The luxury goods retailer earned 81 cents per share for its latest quarter, 11 cents above estimates, and revenue was also well above forecasts despite the negative effects of a strong dollar. The results follow a downbeat forecast given by Tiffany earlier this year.

Michael Kors—Kors fell 1 cent shy of estimates with quarterly profit of 90 cents per share, with revenue essentially in line. The company, however, reported its slowest sales growth in 3½ years, and its full-year forecast, however, is below Street estimates.

Toll Brothers—The company earned 37 cents per share for its latest quarter, 2 cents above estimates. The luxury home builder did see revenue come in below estimates as the number of homes sold fell 2 percent.

DSW—The shoe retailer reported quarterly profit of 53 cents per share, 6 cents above estimates, and revenue also was above analyst forecasts. The company's results were led by a jump in athletic footwear sales, though it did see growth in all its major categories.

Brown Shoe—Brown Shoe's latest quarter profit exceeded estimates by 9 cents at 44 cents per share, and revenue also came in above consensus. The company behind Famous Footwear, Dr. Scholl's, and Naturalizer said it was able to overcome the negative effects of a late start to spring as well as West Coast port delays. Brown Shoe also raised its full-year forecast.

Movado—The watch retailer reported adjusted quarterly profit of 25 cents per share, 1 cent below estimates, though revenue was slightly above. Movado said it was impacted by currency fluctuations but added it was able to overcome that as well as a weaker retail environment.

Hormel Foods—The maker of Spam and Dinty Moore is buying organic meat company Applegate Farms for $775 million, the company's largest ever acquisition.—The online retail giant is hiring more than 6,000 workers at some of its 50 U.S. fulfillment centers. Amazon said the new jobs will help it meet growing customer demand.

Google, Yahoo—The two have made inquiries about buying news app Flipboard, according to the Wall Street Journal. Previous reports had also said Twitter had expressed interest in Flipboard. Separately, Yahoo was downgraded to "hold" from "buy" at Evercore, on concern about the tax efficiency of Yahoo's spin-off of its Alibaba stake.

Novartis—The drug maker is partnering with U.S. startup Rani Therapeutics on a "robotic pill" that is swallowed, but has tiny needles to deliver drugs into intestinal walls.

Reynolds American—The tobacco producer won government approval to buy rival Lorillard.

Caterpillar—CEO Douglas Oberhelman's pay package should be rejected, according to a recommendation by proxy advisory service ISS.

TiVo—The digital video recorder maker earned 8 cents per share for its latest quarter, 1 cent above estimates, while TiVo's revenue was also above forecasts. Total subscribers jumped 27 percent from a year earlier.

Workday—The maker of human resources software reported a quarterly loss of 2 cents per share, smaller than the 8 cents analysts were expecting, and revenue for Workday was also better than expected. However, its forecast for current quarter billings are short of Street forecasts.

FireEye—The maker of cybersecurity software announced a $600 million convertible note offering.

Express Scripts—The pharmacy benefits manager is seeking deals with drug companies that would tie the cost of cancer drugs to their effectiveness, according to the Wall Street Journal.

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