Take a look at some of Wednesday's morning movers:
Comcast - The parent of NBCUniversal, which is the parent of CNBC and CNBC.com, reported
Time Warner - Time Warner earned $0.67 per share for the first quarter, excluding certain items, three cents above estimates. Revenue also beat the Street, with the company crediting strong demand for its content, such as HBO programming.
CVS Caremark - The drugstore chain and pharmacy benefits manager reported first-quarter profit of $0.65 per share, excluding certain items, two cents above estimates. Revenue of $30.8 billion came in above analyst forecasts of $30.3 billion. The company also raised its yearly outlook, as sales rise, and CVS continues to win over former patrons of rival Walgreen.
Garmin - The maker of GPS devices earned $0.45 per share, four cents above estimates, and also registered a sizable beat in the revenue department with $557 million. Analysts had forecast first-quarter revenues of $520 million. Garmin saw particularly strong growth in fitness and outdoor GPS products.
Herbalife - The company says the questions asked by
Pfizer - The U.S. Food and Drug Administration approved Pfizer's drug Elelyso to treat a form of Gaucher’s disease. Protalix Bio Therapeutics is Pfizer’s partner in development of that drug.
Chesapeake Energy - Chesapeake is reporting first-quarter profit of $0.18 per share, 11 cents below estimates. Revenue for the energy producer was also short of Wall Street consensus. Investors are particularly concerned about Chesapeake’s exposure to low-priced natural gas.
Chipmaker Broadcom - Broadcom reported first-quarter profit of $0.65 per share, 10 cents above estimates, with revenues also registering a beat. Broadcom did say that acquisition related costs would cut into profit margins for the current quarter.
OpenTable - The company issued current-quarter guidance below analysts' estimates. The restaurant reservation service did beat consensus by six cents with first-quarter profit of 40 cents per share.
Genworth Financial - The insurer's quarterly profit of $0.06 per share, excluding certain items, was five cents below estimates, and its chief executive, Michael Frazier, has resigned. He’ll be replaced on an acting basis by Chief Financial Officer Martin Klein.
TripAdvisor - TripAdvisor reported first-quarter profit of $0.38 per share, excluding certain items, five cents above estimates. The travel services company saw travel reviews and opinions hit the 60 million mark during the quarter.
Charming Shoppes - The retailer will be bought by women’s apparel retailer Ascena Retail for $890 million, or $7.35 per share. The price represents a nearly 25 percent premium over yesterday’s close for Charming Shoppes shareholders.
Standard Microsystems - The company will be bought by Microchip Technology for $829.2 million in cash. The $37 per share price represents a 41 percent premium over Tuesday's close.
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