Early movers: AET, TIME, REGN, BABA, ADM, COH, CVS, S, AIG, JCP & more

Published Tue, Aug 4 2015 7:54 AM EDT

Peter Schacknow

Check out which companies are making headlines before the bell on Monday:

Aetna (AET) – The insurer earned an adjusted $2.05 per share for its latest quarter, beating estimates of $1.82, though revenue was slightly below forecasts. Aetna also raised its forecast for the full year, on better than expected performance in its Medicare and Medicaid businesses.

Time Inc. (TIME) – The publisher reported adjusted quarterly profit of 27 cents per share, 12 cents above estimates, while revenue also beat forecasts despite weaker print ad sales and the negative impact of a stronger dollar.

Regeneron Pharmaceuticals (REGN) – The drug maker beat estimates by 12 cents with adjusted quarterly profit of $2.89 per share, while revenue was also well above Street forecasts. Regeneron raised its U.S. sales growth forecast for its macular degeneration drug Eyelea to 45 percent to 50 percent from the prior 30 percent to 35 percent.

Alibaba (BABA) – The Chinese online retailer named ex-Goldman Sachs executive Michael Evans as president. Evans will oversee Alibaba's international expansion strategy.

Archer Daniels Midland (ADM) – The grain processor missed estimates by six cents with adjusted profit of 60 cents per share, and revenue was well short of forecasts. Record levels of ethanol production is hurt ADM's profit margins, and margins were also an issue in other agricultural service businesses.

Coach (COH) – Coach beat estimates by two cents with adjusted quarterly profit of 31 cents per share, and revenue also came in ahead of forecasts. The beat came despite an eighth straight quarter of falling sales for the company's handbags and accessories.

CVS Health (CVS) – CVS beat estimates by two cents with adjusted quarter profit of $1.22 per share, with revenue essentially in line. CVS narrowed its full-year guidance, and its third quarter earnings forecast is below current analyst estimates.

Sprint (S) – The telecommunications company lost one cent per share for its latest quarter, eight cents narrower than analysts had been predicting. Revenue also came in below forecasts, although Sprint did raise its 2015 guidance for earnings before interest, taxes, depreciation, and amortization. Sprint also said Chief Financial Officer Joseph Euteneuer will be leaving the company, with former FlexiGroup CEO Tarek Robbiati succeeding him in late August.

AIG (AIG) - The insurer reported adjusted quarterly profit of $1.39 per share, 17 cents above estimates. It also more than doubled its quarterly dividend, raising it to 28 cents per share from 13 cents, and announced a $5 billion addition to its stock buyback program. AIG's results were aided by new investments in China.

J.C. Penney (JCP) – The company hired Home Depot executive Michael Amend as executive vice president for omnichannel, while Mike Robbins joins the retailer from rival Target as senior vice president of supply chain.

Avis Budget (CAR) – Avis Budget beat estimates by 16 cents with adjusted quarterly profit of 84 cents per share, though revenue was slightly below forecasts. The car rental company lowered its full year outlook because of weak pricing and a strong dollar.

Texas Roadhouse (TXRH) – The restaurant chain fell seven cents short of consensus with quarterly profit of 30 cents per share, despite beating on the top line and registering an 8.2 percent same-restaurant sales increase at company-owned locations and 6.9 percent at franchises. The company attributes the quarter's results to higher commodity prices which more than erased the benefit of price increases.

Allstate (ALL) – Allstate reported adjusted quarterly profit of 63 cents per share, well below estimates of 97 cents, and revenue also missed Street forecasts. The insurance company reported more automobile-related claims, and those events were also more severe in nature and cost.

MedAssets (MDAS) – The company is under pressure from activist investor Starboard Value, which has taken an 8.7 percent stake in the health care technology company and is seeking to force an overhaul of operations and changes on its board of directors.

Royal Bank of Scotland (RBS) – RBS brought in $3.3 billion for the British government, which sold part of its stake in the bank. RBS was bailed out by the government during the 2008 financial crisis.

Toyota (TM) – The automaker reported a record first quarter profit despite weaker sales, helped by lower expenses and currency-related gains.

Community Health (CYH) – Community Health is planning to spin off 38 hospitals as well as its consulting unit into a separate company called Quorum Health. Community Health is the second largest publicly traded hospital operator in the United States.