×

Early movers: LOW, SPLS, HRL, JPM, NOC, GPS, AAPL, BABA & more

A trader works on the floor of the New York Stock Exchange.
Getty Images

Check out which companies are making headlines before the bell:

Lowe's — The home improvement retailer reported adjusted first-quarter profit of 87 cents per share, 2 cents a share above estimates. Revenue was also above forecasts, and the same-store sales increase of 7.3 percent was well above the consensus estimate of a 4.4 percent rise.

Staples — The office supplies retailer beat estimates by a penny a share, with adjusted first-quarter profit of 17 cents per share. Revenue was slightly above analysts' forecasts. North American same-store sales were down 4 percent, a bigger drop than the 3.1 percent drop that analysts had expected.

Hormel — The maker of Dinty Moore, Spam, and other food brands reported adjusted quarterly profit of 40 cents per share, a penny a share above estimates. Revenue essentially matched forecasts. Hormel also raised its full-year earnings forecast, due to increases in pork segment profit margins and other efficiencies.

JPMorgan Chase — The bank raised its quarterly dividend to 48 cents per share from the prior 44 cents a share. It will be paid on July 31 to shareholders of record as of July 6.

Northrop Grumman — The defense contractor increased its quarterly dividend, pushing the payout up 10 cents a share, or 12.5 percent, to 90 cents per share, payable on June 22 to shareholders of record as of June 6.

Gap — Chief Executive Officer Art Peck told the clothing retailer's annual meeting that he would consider Amazon.com as a possible distributor of the company's products, saying to not consider Amazon as a possible outlet for sales would be "delusional."

Apple — Apple will set up a software lab in India to help companies and developers that work with Apple's iOS operating system. The announcement comes as Apple CEO Tim Cook begins his visit to that country.

Alibaba — CEO Jack Ma canceled a speech at an anti-counterfeiting conference after the International AntiCounterfeiting Coalition suspended the China-based e-commerce company's membership.

General Motors — The automaker will have its decision making regarding safety issues overseen by federal regulators for an additional year. GM was informed of the decision by the National Highway Traffic Safety Administration in a letter made public Tuesday. GM first came under additional scrutiny in 2014 because of its response to the widely-publicized ignition switch defect.

Verizon — Verizon and striking unions will hold contract talks in Washington this week, with the Labor Department assisting in the talks. No public comments will be made about the discussions during that time.

Andersons — Andersons is the target of a $1 billion cash buyout bid by HC2 Holdings, which is run by former hedge fund manager Phil Falcone. The grain-handling company's CEO, Patrick Bowe, had told Reuters on Monday that Andersons was not seeking to be acquired.

Alphabet — Alphabet's Google unit will introduce a voice-activated home device at its annual developers conference today, according to The New York Times.

Questions? Comments? Email us at marketinsider@cnbc.com