Early movers: TWX, PCLN, ENR, GNRC, KSS, CBS, FCAU, Z & more
Check out which companies are making headlines before the bell:
Time Warner — Time Warner earned an adjusted $1.49 per share for the first quarter, 19 cents a share above estimates. Revenue was slightly above forecasts. The bottom line was helped by earnings growth at the HBO and Turner units.
Priceline Group — The travel services website operator reported adjusted quarterly profit of $10.54 per share, outdistancing estimates of $9.65 a share. A 31 percent jump in hotel room night reservations was a key factor in Priceline's results. However, the company's current-quarter forecast is well below Street estimates.
Energizer — The battery maker came in 5 cents a share above estimates with adjusted quarterly profit of 26 cents per share. Revenue was well above forecasts, as well. The company also increased its full-year outlook, as it benefits from stronger pricing in international markets and wider U.S. distribution.
Generac — The maker of power generators reported adjusted quarterly profit of 46 cents per share, 4 cents a share above estimates. Revenue beat forecasts, as well. Generac did see a decline in its commercial market, but residential sales increased slightly compared to a year ago.
Kohl's — RBC began coverage of the retailer with an "underperform" rating, saying Kohl's is more subject to secular pressure than its peers.
CBS — CBS reported quarterly earnings of $1.02 per share, 8 cents a share above estimates. Revenue was slightly above forecasts. CBS was helped by a surge in ad spending, due in part to the Super Bowl, as well as the presidential campaign.
Fiat Chrysler — The automaker has struck a partnership with Alphabet's Google unit to build a fleet of 100 self-driving minivans.
Zillow — Zillow lost 13 cents per share for its latest quarter, 4 cents a share wider than expected, but revenue for the real estate website operator was higher than forecasts as its user base grew. Zillow also increased its revenue forecast for the full year.
Etsy — Etsy earned 1 cent per share for its latest quarter, compared to the Street's forecast of a 2 cents per share loss. It was the handmade goods seller's first quarterly profit since it went public a year ago. Revenue was also well above estimates, and Etsy was able to slow growth in its marketing costs.
Under Armour — Under Armour announced the departure of Chief Merchandising Officer Henry Stafford, effective in July, as will Chief Digital Officer Robin Thurston. The executive changes are mentioned in Brean Capital's downgrade of the athletic apparel maker's shares to "hold" from "buy."
Match Group — Match Group reported quarterly earnings of 11 cents per share, 3 cents a share above estimates, while revenue was also above Street forecasts. The dating service website operator saw its paid member count rise 36 percent above a year ago to 5.1 million, primarily due to growth at its Tinder service.
Illumina — Illumina missed estimates by 3 cents a share, with adjusted quarterly profit of 71 cents per share. The genetic sequencing company's revenue also missed estimates due to rising expenses for research and development. Illumina also lowered its full-year forecast due to rising expenses.
Avis Budget — Avis Budget posted a 28 cents per share loss for its first quarter, 20 cents a share wider than analysts had been expecting. Revenue for the car rental company did match estimates, and its full-year revenue projection is above Street forecasts. The company said the first-quarter loss reflects "unusually soft pricing" in certain markets, as well as modest demand growth.
Medivation — Medivation has been approached by Pfizer about a possible acquisition, according to Reuters. The cancer drug maker has already turned down a $9.3 billion by France's Sanofi, saying the bid undervalues Medivation.
Target — Target is tightening deadlines, raising fines for late deliveries, and implementing several other steps regarding its suppliers, according to Reuters, as it tries to improve its competitive position against the likes of Wal-Mart Stores and Amazon.com.
Cablevision — The planned acquisition of Cablevision by French telecom company Altice has been approved by the Federal Communications Commission. The $17.7 billion deal still needs the approval of New York State and New York City.
Cedar Fair — Cedar Fair lost 87 cents per share for its latest quarter, a smaller loss for the amusement park operator than the $1.12 analysts had been forecasting. Revenue beat estimates, with the company citing strong results at its Knott's Berry Farm operation, among other factors.
Anheuser-Busch InBev — The company saw profit dip to $844 million for its latest quarter, down from $2.3 billion a year ago, due in part to weak sales in Brazil for the beer brewing giant.
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