Check out which companies are making headlines before the bell:
Lululemon—The yogawear retailer beat estimates by 1 cent with quarterly profit of 34 cents per share, and revenue was above estimates as well. The results were helped by a 6 percent rise in comparable-store sales.
General Electric—GE announced a deal to sell its U.S. Sponsor Finance business to the Canada Pension Plan Investment Board for $12 billion.
Pep Boys—The auto parts retailer matched estimates with adjusted earnings of 3 cents per share, though revenue was above estimates. Same-store sales were up 0.8 percent compared to a year earlier.
Campbell Soup—Campbell is buying Garden Fresh Gourmet for $231 million. Garden Fresh is a producer of salsa and hummus and has about $100 million in yearly sales.
Hewlett-Packard—The company settled a securities class action lawsuit over the charge it took following its acquisition of Autonomy. HP said it still believes the action has no merit, but it settled to avoid "burdensome and protracted" litigation. The company's insurance will pay $100 million into a settlement fund.
Quiksilver—The maker of action sports apparel reported a 22 cent per share loss for its latest quarter, 8 cents wider than expected, with revenue also falling short of consensus. Quiksilver said it did not achieve profit improvement in North America as fast as it had expected.
H&R Block—The tax preparation firm reported adjusted fiscal year profit of $1.75 per share, 2 cents above estimates, with revenue essentially in line. H&R Block did not separately break out its fiscal fourth quarter, and said its total U.S. returns were down by 4.4 percent over a year earlier.
FedEx—FedEx increased its quarterly dividend to 25 cents per share from the prior 20 cents, an increase of 25 percent.
Deutsche Bank—Deutsche Bank headquarters were searched by authorities this morning, with the bank saying the search involved securities transactions by its clients.
Sage Therapeutics—The drug maker announced positive results in an exploratory clinical trial involving a treatment for postpartum depression.
Dave & Buster's—Dave & Buster's reported adjusted quarterly profit of 46 cents per share, beating estimates by 9 cents, with revenue also above forecasts. The restaurant chain also raised its full year forecast and sees same-store sales growth rising 4-5 percent this year.
Etsy—Etsy could see some extra buying interest today, as the online crafts site operator saw Tiger Global Management increase its stake to 8.9 percent from 6.4 percent.
HSBC—The bank will cut nearly 50,000 jobs as well as significantly scaling back its investment bank. The move will cut its assets by about 2 percent.
Procter & Gamble—The consumer products company has received bids from Coty and Germany's Henkel for separate parts of its beauty-related businesses, according to Reuters. Those businesses could be worth a total of up to $12 billion.
Atmel—Atmel is exploring a possible sale and other strategic alternatives, according to Reuters. The chipmaker is said to be working with Qatalyst Partners on those options.
Questions? Comments? Email us at firstname.lastname@example.org