Check out which companies are making headlines before the bell:
Tiffany—The luxury goods retailer earned an adjusted 86 cents per share for its latest quarter, missing estimates by 5 cents. Revenue was also below forecasts, with Tiffany pointing to the negative effects of a strong dollar and challenging economic conditions in certain markets.
J.M. Smucker—The food producer earned an adjusted $1.32 per share for its latest quarter, 9 cents above estimates, with revenue also above analyst forecasts. Smucker was helped by a jump in coffee sales, with lower prices spurring more consumer demand.
Dollar General—The discount retailer beat estimates by 1 cent with quarterly profit of 95 cents per share, though revenue was slightly below forecasts. Dollar General said both customer traffic and average purchases grew during the quarter.
Michaels—The crafts retailer came in 1 cent above estimates with earnings of 17 cents per share for its latest quarter, with revenue slightly above forecasts as well. Michaels said its profit margins expanded and comparable store sales rose by 2.9 percent.
CSX—The railroad operator's stock was upgraded to "buy" from "hold" at Stifel Nicolaus, which noted an 18 percent drop for the stock since the company reported earnings in mid-July. Stifel feels CSX is the best performing eastern-based railroad and that it has been exhibiting operational improvement.
Tesla—Consumer Reports gave Tesla's new P85D version of its Model S a perfect 100 score in testing—calling it "the best-performing car that Consumer Reports has ever tested."
Guess—The apparel maker reported quarterly profit of 21 cents per share, 6 cents above estimates. Revenue also came in above forecasts, but the stock is being pressured by a weaker-than-expected forecast for the rest of the year. Guess is among the companies hit hard by the effects of a strong dollar, with a large portion of its sales taking place overseas.
PVH—PVH earned an adjusted $1.37 per share for the latest quarter, 8 cents above estimates. Revenue was slightly above forecasts, and the maker of the Tommy Hilfiger, Calvin Klein, and Van Heusen clothing brands also raised its full-year outlook.
Williams-Sonoma—The company matched estimates with quarterly profit of 58 cents per share, with revenue slightly above Street consensus. However, the housewares retailer issued a weak third quarter outlook, and said it is still feeling the effects of this year's West Coast port disruptions.
Gap—The apparel retailer will end on-call shifts at its stores and improve its scheduling policies, in an agreement announced by the office of New York State Attorney General Eric Schneiderman.
Wal-Mart—Wal-Mart will start its holiday layaway plan on Friday, two weeks earlier than last year. About 40,000 items will be available under the payment plan, about 20 percent more than a year ago.
American Express, Bank of America—The two may be dropped as partners at Fidelity Investments, according to a Bloomberg report. The report said Visa and MasterCard are in talks with the brokerage giant to strike new partnerships.
Seadrill—Seadrill delayed delivery of 10 new rigs and ships for up to two years, amid what the oilfield services company calls "challenging market conditions."
Workday—Workday forecast third quarter billings below analyst forecasts,pressuring the stock. The provider of human resources and financial cloudapplications also said it took more money up front for older contracts,resulting in smaller payments now.Workday forecast third quarter billings below analyst forecasts, pressuring the stock. The provider of human resources and financial cloud applications also said it took more money up front for older contracts, resulting in smaller payments now.
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