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Early movers: AAPL, AAL, UAL, HSY, MDLZ, ANF, DSW, GIII & more

Apple — The European Commission has ordered the Irish government to recover up to 13 billion euros ($14.5 billion) and interest in back taxes from the iPhone maker. Shares were 1 percent lower in premarket trade.

Mondelez, Hershey — Merger talks between the two food manufacturers fell apart after the Oreo cookie maker said late Monday it ended discussions of a potential combination with the chocolate company. Mondelez shares were more than 3.5 percent higher in premarket trade, while Hershey shares were nearly 11 percent lower.

American Airlines, United Continental — American Airlines President J. Scott Kirby left the firm for the same role at United, the companies said late Monday. American shares were off more than 2 percent in premarket trade, while United shares were up more than 4 percent.

Abercrombie & Fitch — The teen apparel retailer posted a 14th-straight quarterly decline in sales. Same-store sales at Abercrombie stories open at least a year fell 7 percent in the quarter, versus the expected 6.5 percent decline, according to Consensus Metrix. Shares were more than 13 percent lower in premarket trade.

DSW — The footwear retailer reported second-quarter earnings of 30 cents a share, matching expectations. Revenue of $659 million was a touch above the Reuters forecast of $658.7 million, while comparable sales for the quarter declined 1.4 percent. DSW reaffirmed full-year earnings guidance and its board of directors approved a quarterly dividend of 20 cents a share. Shares rose more than 2 percent in premarket trade.

G-III Apparel — The owner of brands such as Guess and Calvin Klein reported a fiscal second-quarter loss of 3 cents a share. Sales of $442.3 million came in below the $484.9 million estimate. Full-year earnings and revenue forecasts were also below expectations. Shares fell more than 17 percent in premarket trade.

McDonald's — Baird upgraded the stock to "outperform" with a $128 price target, for a nearly 12 percent upside from Monday's closing price. Baird cited more favorable risk-reward given the stock's underperformance so far this year, as well as support from the fast food giant's attractive dividend yield and opportunity for investor sentiment to improve with progress in the business model. Shares were more than half a percent higher in premarket trade.

Reuters contributed to this report.