Check out which companies are making headlines before the bell:
Facebook – Facebook has unveiled changes to its data and privacy tools, in response to the recent controversy over how user data is used. Among the changes: the settings will now be on a single page, rather than being spread across nearly 20 different screens.
Apple – Goldman Sachs is predicting lower iPhone sales in March and for the June quarter than Wall Street is generally expecting. Analyst Rod Hall cut his price target on Apple stock by $2 to $159. That price target is the second lowest on the Street and far below the median target of $195.
Walgreens Boots Alliance – The drugstore chain operator
BlackBerry – BlackBerry
Nike – Nike and the National Football League agreed to a long-term extension of their partnership, which provides all NFL teams with uniforms and sideline apparel.
Lululemon – Lululemon reported adjusted quarterly profit of $1.33 per share, beating estimates by 6 cents a share. The yogawear maker saw revenue and comparable-store sales beat estimates, as well. Lululemon also issued a better-than-expected earnings and revenue forecast for the current quarter.
RH – The home furnishings company beat estimates by 14 cents a share, with adjusted quarterly profit of $1.69 per share. The Restoration Hardware parent did see revenue come in slightly below Street forecasts. RH did give strong guidance for the full year on both the top and bottom lines.
American Express – UBS labeled the financial services giant a "top pick" in a new analyst note, noting improving revenue growth. In the same note, the firm also made upbeat comments about Capital One and recommended selling Discover Financial and Synchrony Financial. It said the latter two companies are growing above industry levels but face an erosion of asset and revenue growth.
Shire – Japanese drugmaker Takeda confirmed that
RSP Permian – The oil and natural gas company will be acquired by rival Concho Resources in an $8 billion all-stock deal. The combined company will run the largest drilling program in the Permian Basin.
NXP Semiconductors – NXP sold its stake in a China-based chip design joint venture to its partner, Taiwan-based Advanced Semiconductor Engineering. The sale could potentially ease competitive objections to Qualcomm's planned $44 billion takeover of NXP, which still needs approval from Chinese regulators.
Shoe Carnival – Shoe Carnival reported adjusted quarterly profit of 11 cents per share, coming in 2 cents a share above estimates. The shoe retailer's revenue was below forecasts. The company said it executed well in the face of external challenges such as hurricanes in Puerto Rico and elsewhere.
Sonic – Sonic beat estimates by 1 cent a share, with adjusted quarterly profit of 17 cents per share. The restaurant chain's revenue was below Street consensus. The company said aggressive competition cut into its sales for the quarter, and it also gave a weaker-than-expected forecast for the full year.
Tyson Foods – The beef and poultry producer said it is exploring the sale of its pizza crust unit known as TNT crust, as part of its strategic focus on protein-based products.