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Stocks to Watch: November 2, 2016

Check out which companies are making headlines before the bell:

Alibaba — The China-based online operator beat estimates on the top and bottom lines in its latest quarter, with revenue rising 55 percent over a year earlier.

Time Warner — Time Warner earned an adjusted $1.55 per share, beating estimates of $1.37 a share. Revenue also exceeded forecasts and the media giant also raised its full-year forecast. Time Warner recently announced a deal to be acquired by AT&T.

Allergan — The drugmaker missed estimates by 24 cents a share, with adjusted quarterly profit of $3.32 per share. Revenue also missed forecasts, despite good sales numbers for its glaucoma treatment and Botox treatments. Allergan also announced a $10 billion stock buyback and a first-time quarterly dividend of 70 cents per share.

Brocade Communications — The maker of networking equipment will be bought by chipmaker Broadcom in a deal worth $5.5 billion excluding debt or $12.75 per share in cash.

Estee Lauder — The cosmetics maker came in four cents a share above estimates, with adjusted quarterly profit of 84 cents per share. Revenue came in below analysts' forecasts. The company said it is pleased with its results in the face of macroeconomic challenges such as lower U.S. retail store traffic and slower overseas markets.

Clorox — The household products maker fell six cents a share shy of estimates, with quarterly profit of $1.36 per share. Revenue was very slightly above forecasts. Clorox has been helped by price increases and lower commodity costs, but it has also spent more on advertising and on research and development.

Valeant Pharmaceuticals — The drugmaker confirmed that it is in talks to sell its Salix stomach drug business. Earlier stories had pegged the price at about $10 billion, with Valeant saying it was in talks about various divestitures including but not limited to the Salix unit and that the talks may or may not lead to an agreement.

Square — Square reported a quarterly loss of nine cents per share, two cents a share smaller than expected. The mobile payments company's revenue exceeded forecasts. Square also raised its full-year guidance as it processes more transactions.

Gilead Sciences — Gilead fell 11 cents a share shy of estimates, with adjusted quarterly profit of $2.75 per share. Revenue did slightly exceed forecasts. The drugmaker's results were pressured by lower-than-expected sales of its hepatitis C drugs.

Zillow Group — Zillow beat estimates by four cents a share, with adjusted quarterly earnings of 17 cents per share. The real estate website operator also saw revenue come in above Street forecasts. Zillow raised its revenue outlook for the full-year as the number of users increases.

Etsy — Etsy lost two cents per share for its latest quarter, matching estimates, with revenue for the online handmade goods marketplace slightly above forecasts. Etsy also raised its full-year guidance and announced that CFO Kristina Salen is leaving the company in March to pursue other opportunities.

Electronic Arts — Electronic Arts reported adjusted quarterly profit of 56 cents per share, 13 cents a share above estimates. The video game maker's revenue also exceeding consensus. However, its sales forecast for the holiday shopping season is below what analysts had expected, with competition increasing from other companies introducing new games.

Herbalife — Chief Executive Officer Michael Johnson will step down next year after 13 years on the job, to be replaced by Chief Operating Officer Richard Goudis. Johnson will become executive chairman of the nutritional products maker.

Tesla — Tesla said its planned merger with SolarCity will add $500 million to the automaker's balance sheet over the next three years, while contributing more than $1 billion in revenue next year.

Tableau Software — Tableau came in nine cents a share above estimates, with adjusted quarterly profit of 16 cents per share. The business software company's revenue was below estimates, with the company citing extended sales cycles on certain U.S. deals, as well as softness in emerging markets.

US Steel — US Steel reported adjusted quarterly profit of 40 cents per share, half of what analysts were projecting. Revenue also missed forecasts. The steelmaker said operational issues "remain a headwind" for the company.

Match Group — Match beat estimates by four cents a share, with adjusted quarterly profit of 23 cents per share. The operator of dating websites saw revenue come in above forecasts on an increase in paid users.

Microsoft — Microsoft plans to release a new patch for its Windows operating system on November 8, following news that Russia-linked hackers were exploiting a Windows flaw.

WageWorks — WageWorks bought ADP's consumer health spending account business for an undisclosed amount, with the deal expected to close by the end of the month.

Avianca Holdings — The airline operator is considering various options including the sale of a controlling stake, according to Bloomberg. The airline operator is expected to get bids from Delta and United Continental.