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Lucas Jackson | Reuters

Check out which companies are making headlines before the bell:

Lowe's — The home improvement retailer reported a 5.6 percent increase in quarterly revenue, while its earnings per share came in line with expectations. Lowe's shares, however, were down 2 percent in premarket trading.

Target — Shares of the retail giant rose slightly in the premarket, despite posting quarterly results that slightly missed analyst expectations. The company, however, said it expects fiscal 2016 earnings per share to come in between $5.20 and $5.40, above the expected $4.72.

Chesapeake Energy — Shares of the natural gas company rose more than 9 percent in premarket trading, despite reporting a fourth-quarter loss of $3.36 per share. The company also said it expects a production decline of as much as 5 percent for 2016.

Yahoo — Canyon Capital, a major Yahoo shareholder, is urging the company to move quickly with its core business sale. Yahoo officially launched the sale of its core business on Friday, a move that Canyon Capital and other shareholders, including activist Starboard Value, had been pushing for since late last year. (DISCLOSURE: CNBC has a content-sharing agreement with Yahoo's finance site.)

First Solar — The solar panel maker posted third-quarter revenues that beat analysts' expectations, but its earnings per share fell to $1.60 from $1.90 the year before. The company's stock was up more than 2 percent in premarket trading.

Johnson & Johnson — A Missouri state jury ordered the Dow component to pay $72 million in damages to the family of a woman whose death from ovarian cancer was linked to her use of the company's talc-based Baby Powder and Shower to Shower.

Viacom — The media giant's CEO, Philippe Dauman, said Viacom is looking to farm out a minority stake in Paramount Pictures.

— Reuters contributed to this report.