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Early movers: KO, DISH, TUP, NLSN, GOOGL, INTC, GPN, VMW, YUM & more

Traders work on the floor of the New York Stock Exchange.
Lucas Jackson | Reuters
Traders work on the floor of the New York Stock Exchange.

Check out which companies are making headlines before the bell:

Coca-Cola — Coke earned an adjusted 45 cents per share for the first quarter, 1 cent above estimates, with revenue slightly above forecasts. Worldwide case volume was up two percent, slightly below analysts' forecasts.

Dish Network — The satellite TV service provider came in 22 cents above estimates with quarterly profit of 84 cents per share, while revenue was in line with forecasts. Those results come despite a decline of 23,000 in subscribership compared to a year earlier.

Alphabet — The European Union formally charged Alphabet's Google unit with abusing the dominance of its Android mobile operating system. The EU's complaint accuses Google of restricting Android device makers and forcing them to make Google the default search engine on their devices.

Tupperware — The household products maker beat estimates by 5 cents with quarterly profit of 91 cents per share, while revenue was very slightly below estimates. The company did give weaker-than-expected current quarter guidance, but it also raised its full-year earnings forecast. Analysts point out that the raise only restores part of the forecast that the company slashed back in January.

Nielsen Holdings — The ratings service reported adjusted quarterly profit of 51 cents per share, 1 cent above analysts' forecasts, while revenue was in line with estimates. Nielsen also raised its quarterly dividend by 11 percent to 31 cents per share.

Yahoo — The company reported adjusted quarterly profit of 8 cents per share, a penny above estimates, with revenue in line. However, most of the attention from investors is focusing on the ongoing sale process for Yahoo's core internet business, which reportedly sees Verizon as the leading contender.

Intel — Intel beat forecasts by 6 cents with adjusted quarterly profit of 54 cents per share, with revenue essentially in line. However, the chip maker gave lower-than-expected revenue guidance and cut its full-year profit margin outlook. It also announced it would cut up to 12,000 jobs and that Chief Financial Officer Stacy Smith would leave that post to lead Intel's sales efforts.

Global Payments — The stock will replace video game retailer GameStop in the S&P 500 index after the close of trading on Friday. The credit card processor is benefiting from the increase in market capitalization that will result after it closes its deal to buy Heartland Payment Systems. GameStop will take Global Payments' spot in the S&P MidCap 400.

VMWare — VMWare earned an adjusted 86 cents per share for its latest quarter, two cents above estimates, with revenue essentially in line. The maker of virtualization software also gave strong current quarter revenue guidance and announced a $1.2 billion share buyback.

Yum Brands — The parent of Taco Bell, Pizza Hut, and KFC is in talks to sell a controlling stake in its China unit to a consortium consisting of China Investment Corp., KKR and Baring Private Equity Asia, according to Reuters. The company wants to spin off its nearly 7,000 China-based restaurants by the end of the year.

United Continental — The airline announced the appointment of two new directors chosen by activist investors PAR Capital and Altimeter Capital, and will add another mutually agreeable independent director within six months.

Intuitive Surgical — Intuitive Surgical reported first quarter profit of $4.42 per share, 9 cents above estimates, while revenue also beat forecasts. The maker of surgical devices saw shipments of 110 da Vinci surgical systems during the quarter, up from 99 a year earlier.

Lexmark — The printer and imaging services company agreed to be bought by an investment group consisting of China's Apex Technology, PAG Asia Capital, and Legend Capital Management in a cash transaction worth $3.6 billion. The $40.50 per share offer for the printer maker is nearly 17 percent above Tuesday's closing price of $34.66.


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