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Early movers: PEP, ABC, DD, CSCO, STRZA, BABA, FDX, SNE, AMZN & more

Traders work on the floor of the New York Stock Exchange.
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Traders work on the floor of the New York Stock Exchange.

Check out which companies are making headlines before the bell:

PepsiCo — Pepsi earned an adjusted $1.35 per share for its latest quarter, beating estimates by 9 cents. Revenue also beat forecasts, and Pepsi raised its full-year growth target as well.

AmerisourceBergen — The drug distributor bought PharMEDium Healthcare from private equity firm Clayton, Dubilier & Rice for $2.575 billion in cash. PharMEDium is a provider of drug compounds used at acute care hospitals.

DuPont — The chemical company's chairman and Chief Executive Officer Ellen Kullman announced plans to retire October 16. Director Edward Breen will serve as interim chairman and CEO. DuPont also cut its outlook for the year and announced an acceleration of its plans to trim expenses.

Container Store — The company reported quarterly profit of 6 cents per share, missing estimates by 1 cent, and its revenue also came in below forecasts. The storage products retailer is the latest to point to the negative effects of a stronger dollar, and it also saw its results impacted by higher marketing expenses.

Cisco Systems — Citi began coverage on the networking products maker with a "buy" rating, saying recent moves are growing profit margins faster than the Street generally expects.

Illumina — Illumina cut its sales outlook for the remainder of the year, with the genetic sequencing products company pointing to a weak European market, and Japan sales that are not recovering as fast as expected.

Lions Gate Entertainment, Starz — The two companies are in advanced merger talks, according to the Los Angeles Times. The paper said the movie studio and the movie cable channel have been in talks for several months, but there is still no assurance that a deal will be struck.

Sony — Sony will split off its image sensor business into a separate company. The unit, whose products are used in Apple's iPhone and other products, has been one of Sony's best performers in recent years.

Alibaba — The China e-commerce giant's Taobao shopping website is under attack from the American Apparel and Footwear Association, which is asking the U.S. Trade Representative's office to put Taobao on its "notorious" list, for alleged persistent intellectual property rights violations.

SunEdison — SunEdison will cut about 15 percent of its workforce under a restructuring. The solar company will take a charge of up to $40 million as a result.

PMC-Sierra — PMC-Sierra will be bought by Skyworks Solutions in a $2 billion cash deal that unites two makers of semiconductors.

FedEx — FedEx has joined UPS in raising its fuel surcharge. The move — coming just ahead of the key holiday shopping season — is the second increase by FedEx this year and will take effect Nov. 2. Separately, Stifel Nicolaus upgraded FedEx to "buy" from "hold," citing improving profit margins and an improved risk/reward profile ahead of the company's planned acquisition of Europe's TNT Express.

Amazon.com — Amazon is "eviscerating" online rivals, according to a study cited in a Re/code story. More than four in 10 customers go to Amazon first when searching for products online, according to the study.