Check out which companies are making headlines before the bell:
Sears Holdings — Sears reported an adjusted loss of $1.86 per share for its latest quarter, smaller than the loss of $3.20 expected by analysts. Revenue was above estimates, and a same-store sales drop of 5 percent at Kmart and 7.1 percent at Sears stores wer in line with estimates. Sears also said it was exploring options for its Kenmore, Craftsman, Diehard, and Home Services businesses.
Time Warner — Apple executive Eddy Cue raised the idea of bidding for the media giant in a meeting with Time Warner head of corporate Strategy Olaf Olafsson. That's according to the Financial Times, which says talks never got beyond preliminary stages.
Abercrombie & Fitch — The teen apparel retailer lost 59 cents per share for its latest quarter, wider than the 51 cents a share loss predicted by analysts. Revenue and same-store sales also fell shy of forecasts, on a drop in customer traffic. Abercrombie's total sales fell for the 13th straight quarter.
Dollar Tree — The dollar store operator beat estimates by 8 cents a share, with adjusted quarterly profit of 89 cents per share. Revenue was slightly short of forecasts, but its same-store sales increase of 2.3 percent was above the consensus forecast of a 2.2 percent increase.
Sanderson Farms — The poultry producer reported quarterly profit of $2.11 per share, well above the consensus estimate of $1.52 a share. Revenue also beat forecasts on improved retail volume and a better export market.
HP Inc. — The computer hardware maker reported adjusted quarterly profit of 41 cents per share, 3 cents a share above estimates. Revenue did miss forecasts, however, and HP also gave weaker-than-expected current-quarter guidance. It also cut the high end of its full-year outlook with the personal computer market still under pressure.
Costco — Costco reported quarterly profit of $1.24 per share, 2 cents a share above estimates. Revenue fell shy of forecasts, however, and the warehouse retailer's comparable-store sales were flat for the first time in more than six years.
Dollar General — The discount retailer reported quarterly profit of $1.03 per share, 8 cents a share above estimates. Revenue did fall shy of forecasts, and a comparable-store sales increase of 2.2 percent was under the consensus forecast of a 2.4 percent increase.
Lions Gate — Lions Gate earned a profit of 7 cents per share for its latest quarter, surprising analysts who had expected a 2 cents per share loss. The movie studio's revenue was also above forecast, with TV show revenue helping offset softer results from its movies.
Williams-Sonoma — Williams-Sonoma beat estimates by 3 cents a share, with adjusted quarterly profit of 53 cents per share. Revenue was also above estimates. The housewares retailer did give current-quarter guidance that is below consensus forecasts, but its full-year outlook is in line with expectations. The latest quarterly results were helped by improved performance at the company's Pottery Barn chain.
PVH — PVH came in 7 cents a share above estimates, with adjusted quarterly profit of $1.50 per share. Revenue also topped forecasts. The apparel company also gave strong earnings guidance for the full-year amid increasing sales of its Calvin Klein and Tommy Hilfiger brands.
US Foods (USFD) — The company priced its initial public offering at $23 per share, within the expected range of $21 to $24 a share. The food distributor's shares will begin trading today on the New York Stock Exchange.
General Electric — GE won a contract to supply engines for South Korea's KF-X fighter jet project in a deal that could be worth an estimated $3.5 billion.
KKR — The private-equity firm is among those in talks with Japan's Takata Corp. about investing in a possible restructuring of the air bag maker, according to Reuters.
Starbucks — The coffee retailer is planning to open its first coffee roaster outside the United States. The new facility will open in Shanghai in 2017.
New York REIT — New York REIT will merge with JBG Cos., forming a real estate investment trust worth $8.4 billion and focusing on commercial properties in the New York City and Washington, D.C. markets.
LendingClub — The online lender's fund that invests in the company's loans gained just 0.12 percent in April, according to The Wall Street Journal, the second worst performance in the fund's five years of existence. It also disclosed that the loans it purchased were riskier than originally intended, according to the report.
Questions? Comments? Email us at firstname.lastname@example.org