Check out which companies are making headlines before the bell:
Tiffany – The luxury goods retailer earned 92 cents per share for the second quarter, six cents a share above estimates. Revenue also beat forecasts, but comparable-store sales fell one percent compared to forecasts for a 0.2 percent drop.
Dollar Tree – The discount retailer reported quarterly profit of 98 cents per share, 11 cents above estimates. Revenue was also above forecasts, and the company also raised its sales forecast. Dollar Tree was helped by lower costs and fewer promotions. ons.
Abercrombie & Fitch – The apparel retailer lost an adjusted 16 cents per share for its latest quarter, less than half the 33-cent-a-share consensus estimate. Revenue beat forecasts, and comparable-store sales fell a less-than-expected one percent. Abercrombie said it expects the retail apparel market to remain "challenging" and "promotional" during the remainder of the year.
Sears Holdings – The retailer lost $1.16 per share for the second quarter, better than the $2.48-per-share loss expected by the single analyst who covers Sears. Revenue beat forecasts, but a comparable-store sales drop of 11.5 percent was larger than the Thomson Reuters consensus for a 7.1 percent drop. Sears said the last month of the quarter was the best of that three-month period for comparable sales.
Hormel – The maker of Spam, Dinty Moore, and other food brands fell three cents a share short of estimates, with quarterly profit of 34 cents per share. Revenue also missed forecasts and the company cut its full-year forecast due to high commodity price volatility.
Signet Jewelers – The jewelry retailer earned $1.33 per share for its latest quarter, well above estimates of $1.04 a share. Revenue was above forecasts, and comparable-store sales increased by 1.4 percent. Analysts had been forecasting a 3.8 percent decline in same-store sales.
Chipotle Mexican Grill – The restaurant chain's stock was upgraded to "equal weight" from "underweight" at Stephens, which points to current valuation and low expectations. Stephens believes moves to boost soft sales could be successful and give a positive bounce to the stock.
J.M. Smucker – Smucker fell 11 cents a share shy of estimates, with adjusted quarterly profit of $1.51 per share. Revenue fell short of expectations, as well. The company points to softness in the retail consumer foods and coffee segments. Smucker also cut its full-year forecast due to weakness in the coffee segment.
Dick's Sporting Goods – Cowen downgraded the sporting goods retailer to "market perform" from "outperform," saying it had overestimated the company's ability to achieve its prior guidance and maintain its profitability. Cowen points to a number of headwinds for Dick's, including increasing digital competition and the negative side of industry cyclical trends.
Teva Pharmaceutical – Credit Suisse downgraded the drugmaker's stock to "underperform" from "neutral," saying pricing pressure and more intense U.S. generic competition would continue to be headwinds for the foreseeable future.
HP Inc. - The computer and printer maker beat estimates by a penny a share, with adjusted quarterly profit of 43 cents a share. Revenue also beat forecasts, although HP's current-quarter earnings outlook falls slightly below consensus estimates. HP's most recent results were driven by improved sales of personal computers.
Williams-Sonoma – Williams-Sonoma reported quarterly earnings of 61 cents per share, two cents a share above estimates. The housewares retailer's revenue matched forecasts, and the company gave upbeat guidance for the current quarter.
PVH – PVH beat Street forecasts by five cents a share, with adjusted quarterly profit of $1.69 per share. The parent of Calvin Klein, Tommy Hilfiger, and other apparel brands also saw revenue beat estimates and the company raised its full-year guidance.
Guess – Guess nearly doubled analyst estimates with adjusted quarterly profit of 19 cents per share. The Street had forecast the clothing retailer's profit to come in at 10 cents per share. Guess also saw revenue easily surpass expectations, although it did give mixed current-quarter guidance. The company said cost reductions and stronger Europe and Asian sales are helping its bottom line.
Beacon Roofing Supply – Beacon is buying the U.S. distribution business of Irish building materials maker CRH for $2.63 billion in cash. Beacon is North America's largest publicly traded roofing and building products distributor, while CRH is the world's third largest building materials supplier.
AstraZeneca – The company's blood-thinning drug Brilinta saw positive results in a trial aimed at winning approval for extended use of the drug. The trial saw the drug reduce the risk of heart disease-related death by 29 percent in patients who had suffered heart attacks in the past.
Ford – Ford appointed Jason Luo as the new head of its China operations. Luo had been Chief Executive Officer of auto parts maker Key Safety Systems.
General Electric – GE has resumed talks to sell its industrial solutions unit to Switzerland engineering company ABB, according to a Reuters report. Reuters said the talks resumed after GE scaled back its expectations of the unit's value in a deal.
Hershey — Some 4.5 million Hershey shares will be sold by the Hershey Trust, which controls the chocolate maker. Three million of the shares will be sold to Morgan Stanley, the rest to Hershey itself. The company will pay $106 per share, compared to yesterday's close of $107.44.