Check out which companies are making headlines before the bell:
Lululemon — The yoga wear maker reported quarterly profit of 85 cents per share, 5 cents above estimates, with revenue also exceeding forecasts as same-store sales rose 5 percent. However, Lululemon's full-year profit forecast of $2.05 to $2.15 per share is largely below the consensus estimate of $2.15.
Apple — Cowen & Co. upgraded Apple to "outperform" from "market perform," saying year-over-year comparable sales and forward earnings estimates have bottomed out. Cowen also mentions an upcoming upgrade cycle, new technology, and valuation. Separately, Apple signed an agreement with Major League Baseball to provide all teams with iPad Pro tablets for their coaching staffs, as teams move to make better use of data.
General Electric — In a separate deal, GE agreed to its hotel real estate financing business to Western Alliance Bank for an undisclosed amount.
Valeant Pharmaceuticals — The drug maker said it has not seen any additional issues affecting its prior financial statements, following a review of those statements. It's also asked for an extension of time to file its annual report, as well as its report for the current quarter.
Restoration Hardware — Restoration Hardware reported quarterly profit of 98 cents per share. That was 1 cent below the preliminary number the high end furniture retailer had reported in late February. Revenue matched the preliminary number, but the company gave weaker than expected 2016 revenue guidance. The company said shipping problems and extra costs debuting a new furniture line are among the factors weighing on its results.
Boeing — Boeing will cut more than 4,500 jobs, in is ongoing effort to cut the cost of producing jetliners. Boeing expects 2,400 of those cuts to occur through attrition and the rest through voluntary layoffs.
Sonic — The restaurant chain reported adjusted quarterly profit of 18 cents per share,2 cents above estimates, with revenue also topping forecasts and same-restaurant sales rising 6.5 percent.The fast food chain said it benefited from strong sales of core menu items.
Verint Systems — Verint earned an adjusted 90 cents per share for its latest quarter, well below the $1.17 consensus estimate, and revenue was well below forecasts as well. The software maker is forecasting flat results for the current year, due in part to weakness in its security intelligence business.
Dave & Buster's Entertainment — Dave & Buster's beat estimates by 10 cents with adjusted quarterly profit of 53 cents per share, while revenue for the arcade and restaurant chain also came in above forecasts. Dave & Buster's also gave an upbeat earnings outlook for 2016, but did say that same-restaurant sales would grow at a slower pace than last year.
McCormick & Co. — The spice maker raised its bid for London-based Premier Foods for a second time. Premier has been resisting the overtures, instead signing a cooperation deal with Japan's Nissin. The new offer is equivalent to 93 cents per share, 20 percent higher than its initial bid.
Colgate-Palmolive — The consumer products maker promoted executives Justin Skala and Noel Wallace to chief operating officer roles, setting up the two as possible eventual successors to current CEO Ian Cook.
United Continental — United pilots are planning to picket the headquarters of shareholders PAR Capital Management and Altimeter Capital. The two hedge funds are trying to overhaul the airline's board of directors.
Questions? Comments? Email us at email@example.com