Check out which companies are making headlines before the bell:
St. Jude Medical — The medical device maker is being bought by Abbott Labs for $25 billion in cash and stock, or $85 per share. Abbott expects the deal to add significantly to earnings beginning in 2017.
Ford — The automaker beat estimates by 20 cents with adjusted quarterly profit of 68 cents per share. Revenue was slightly below forecasts, but Ford reported record profit margins both globally and in North America.
Facebook — The company swamping estimates by reporting adjusted quarterly profit of 77 cents per share. That was 15 cents above consensus, with revenue also above analyst forecasts as it benefited strongly from growing use of its mobile app. Separately, Facebook proposed a new class of non-voting shares which would be given as a dividend to existing shareholders.
Dunkin' Brands — The parent of Dunkin' Donuts and Baskin-Robbins came in one penny above estimates with adjusted quarterly profit of 44 cents per share, with revenue also above estimates. The results were helped by a 2 percent same-store sales increase for Dunkin' Donuts and growth of 5 percent for Baskin-Robbins.
Aetna — The insurance company reported adjusted quarterly profit of $2.30 per share, beating estimates of $2.23. Revenue came in above analyst expectations, and the company raised its full year forecast based on the quarterly results. Aetna also said it is on track to close its acquisition of Humana during the second half of the year.
Raytheon — The defense contractor earned $1.43 per share for its first quarter, beating estimates by 5 cents, with revenue also scoring a beat. Raytheon's results were helped by strong sales of its missile systems.
Beazer Homes — The home builder reported a loss of 4 cents per share, surprising analysts who had expected a profit of 2 cents per share. Revenue did beat estimates, but Beazer did see new home orders slide 9.4 percent compared to a year earlier.
Cabela's — Cabela's has at least five bidders for its credit card business, according to Reuters. The outdoor goods retailer has been exploring a possible sale of the company or of various units. Separately, Cabela's reported quarterly profit of 43 cents per share, beating estimates by 5 cents despite a revenue miss, thanks to the benefit of cost controls.
PayPal — PayPal earned an adjusted 37 cents per share for its latest quarter, 2 cents above estimates, with revenue slightly ahead of expectations. The payment service saw per-user transactions climb, and is continuing its rollout of its Venmo peer-to-peer payment service.
Cheesecake Factory — Cheesecake Factory came in 7 cents ahead of estimates with quarterly profit of 68 cents per share, with revenue just slightly below Street consensus. The restaurant chain's bottom line benefitted from more cost controls, and same-restaurant sales were up 1.7 percent from a year earlier.
Marriott — Marriott reported adjusted quarterly profit of 87 cents per share, three cents above estimates, while revenue also beat forecasts. Marriott had lower costs during the quarter and better Asia business. However, the hotel chain's current quarter forecast is short of forecasts.
Texas Instruments — The company beat estimates by 3 cents with earnings of 65 cents per share for its latest quarter, with revenue also above estimates. The chipmaker is weathering weakness in the mobile phone and wearables market, but is predicting solid earnings and revenue guidance for the current quarter.
Xilinx — Xilinx reported quarterly profit of 54 cents per share, 2 cents above estimates, and revenue was above consensus forecasts as well. The specialty chipmaker's current quarter revenue guidance is short of Street estimates, but it did announce a 2-cent increase in its quarterly dividend to 33 cents per share.
O'Reilly Automotive — O'Reilly saw quarterly earnings come in 10 cents above estimates at $2.59 per share, and the auto parts retailer's revenue was also above estimates. However, it gave a lower-than-expected current quarter and full-year outlook, even as it sees sales at established stores grow strongly.
Medivation — Medivation received a $9.3 billion takeover offer from French drugmaker Sanofi, worth $52.50 per share. That's just barely above Medivation's Wednesday close of $52.05, but the stock had risen sharply on reports that the U.S.-based biotech firm was a buyout target.
Sony — Sony reported a fiscal year profit of $2.7 billion, its biggest since 2007. Sony's bottom line was helped by cost cuts and healthy sales of its PlayStation 4 videogame console.
Valeant — Valeant will announce sweeping board changes, according to the Wall Street Journal, which said five directors will step down, replaced by four unnamed new board members and incoming CEO Joseph Papa.
Terex — Terex may see its deal with European crane maker Konecranes fall apart because of new Treasury Department tax inversion rules. Konecranes said the new rules would wipe out nearly a quarter of the anticipated cost savings from the deal.
Charles Schwab — Schwab will stop selling mutual fund shares that carry a load as of May 2. Figures from the Investment Company Institute show that investors pulled more than $500 billion from such fund classes between 2010 and 2014.
Hershey — Hershey will dismiss KPMG as its auditor following the completion of the chocolate maker's 2016 financial statements. The company said the decision was made as part of a competitive bidding process.
Questions? Comments? Email us at firstname.lastname@example.org