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Early movers: DE, CPB, FL, HIBB, BKE, TWTR, GPS, ROST & more

A trader on the floor of the New York Stock Exchange.
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A trader on the floor of the New York Stock Exchange.

Check out which companies are making headlines before the bell:

Deere — The heavy equipment maker earned $1.56 per share for its second quarter, 9 cents a share above estimates. Revenue also beat Street forecasts. Deere noted the continuing downturn in the global farm economy, as well as weakness in the construction equipment sector, but said it was helped by its flexible cost structure, among other factors.

Campbell Soup — The soup and food maker reported adjusted quarterly earnings of 65 cents per share, a penny a share above estimates. Revenue was slightly short of forecasts, but the company did raise its full-year earnings forecast. Campbell said the consumer environment continues to be challenging and that it is not satisfied with recent organic sales growth levels.

Foot Locker — The athletic footwear and apparel retailer matched estimates with first-quarter profit of $1.39 per share. Revenue was slightly below analysts' expectations, and the comparable-store sales increase of 2.9 percent was below consensus estimates of a 4.5 percent jump. The company notes that profits were at a record level, and that the company did well in dealing with rapidly shifting customer tastes.

Hibbett Sports — The sporting goods retailer came in 2 cents a share above estimates, with quarterly profit of $1.22 per share. Revenue fell shy of Wall Street projections, however. Comparable-store sales were up 1.1 percent, below estimates of a 2.2 percent increase, but Hibbett did note improvements in footwear and apparel, as well as higher profit margins.

The Buckle — The apparel and accessories retailer reported quarterly profit of 48 cents per share, 8 cents a share below estimates. Sales also fell short of expectations. Comparable-store sales fell 11.1 percent, a bigger drop than the 6.8 percent decline that analysts were anticipating.

Twitter — Twitter will prohibit the re-pricing of employee stock options without the consent of shareholders. The new proposal is contained in Twitter's latest proxy statement ahead of its annual meeting on May 25.

Gap — The apparel retailer will close 75 of its Old Navy and Banana Republic stores. That includes all 53 Old Navy locations in Japan. Gap did issue a cautious 2016 outlook after reporting in-line earnings for its latest quarter. Separately, Standard & Poor's cut Gap's credit rating to "junk" levels, saying it doesn't see company results improving in the near term.

Applied Materials — The company reported adjusted quarterly profit of 34 cents per share, beating estimates by 2 cents a share. Revenue was very slightly ahead of forecasts. The maker of semiconductor manufacturing equipment did give an upbeat current-quarter outlook, on increasing demand for equipment used to make smartphone and solid-state drive chips.

Ross Stores — Ross Stores matched estimates with quarterly profit of 73 cents per share, though the discount retailer's revenue was short of forecasts. Ross also gave a weaker-than-expected current quarter and full-year outlook, as sales growth slows.

Autodesk — AutoDesk lost 10 cents per share for its latest quarter, 4 cents a share less than analysts had been anticipating. Revenue was slightly short of analysts' expectations. The maker of design software also gave weaker-than-expected guidance for both the current quarter and the full year, as it continues its transition to a subscription software model.

Brocade Communications — Brocade matched estimates with adjusted quarterly profit of 22 cents per share, but its revenue came up short as sales of its networking hardware dropped more than had been expected.

Mentor Graphics — Mentor earned an adjusted 2 cents per share for its latest quarter, compared to analysts' forecasts of a breakeven quarter. The design automation hardware and software maker did give current quarter guidance that was slightly above analysts' estimates, following a year that Mentor had called its most challenging since the financial crisis.

Shoe Carnival — Shoe Carnival reported quarterly profit of 56 cents per share, 1 cent a share shy of estimates. The shoe retailer's revenue and fiscal 2016 guidance also missed the mark. The company said it is seeing strength in athletic footwear and is controlling expenses, as well.

Fiat Chrysler — Fiat Chrysler is coming under criticism in Europe, after the automaker failed to show up at a meeting on emissions with German officials.

Netflix, Amazon.com — These and other companies that offer video streaming would be required to devote 20 percent or more of their video offerings to European content in the European Union market, under proposals that are set to be announced next week. Overall video content on streaming services is above those levels, but there currently is no quota in place.

Tesla — Tesla will be able to get an accelerated investment from Panasonic for its so-called "Gigafactory," if it is necessary for the automaker's planned acceleration of Model 3 production. Panasonic has plans in place to invest $1.6 billion in the battery factory. Separately, Tesla raised $1.46 billion in new capital from its 6.8-million share stock offering.

Valeant Pharmaceuticals — Valeant got a default notice from its bondholders because of the drugmaker's delay in filing its first quarter financial report. However, Valeant said the default would be averted if it files by July 18.

Yahoo — Yahoo is seeing bids for its core internet assets come in at the low end of prior expectations, according to The Wall Street Journal. The paper said Verizon and others are expected to bid in the $2 billion to $3 billion range, compared to earlier expectations of up to $8 billion.

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