Check out which companies are making headlines before the bell:
Humana — Humana earned an adjusted $3.18 per share for the third quarter, three cents a share above estimates. Revenue also came in above Street forecasts. Its performance was driven by upbeat results in its health care services operation, as well as its Medicare Advantage business.
Regeneron Pharmaceuticals — The drugmaker reported adjusted quarterly profit of $3.13 per share, well above estimates of $2.71 a share. Revenue was shy of estimates, however. Sales were up more than seven percent over a year earlier, thanks to increasing revenue from its eye drug Eyelea.
ITT Corp. — The manufacturing company matched estimates, with adjusted quarterly profit of 58 cents per share. Revenue came in very slightly above forecasts. However, the company cut its outlook, pointing to unfavorable currency trends and lower profits on various projects, among other factors.
Starbucks — Starbucks came in a penny a share above estimates, with adjusted quarterly profit of 56 cents per share. The coffee chain’s revenue was also slightly above Street forecasts. Comparable-store sales for the Americas region were up five percent, matching forecasts. Additionally, the company’s board approved a 25 percent quarterly dividend increase.
CBS — CBS reported adjusted quarterly profit of $1.05 per share, beating estimates of 98 cents a share. Revenue was also above analysts’ projections, with CEO Leslie Moonves saying that advertising remains strong and was accelerating during the quarter.
Activision Blizzard — Activision beat forecasts by ten cents a share, with adjusted quarterly profit of 52 cents per share. The video game maker also raised its full-year forecast as its digital content proves increasingly popular.
Las Vegas Sands — Las Vegas Sands beat estimates by 12 cents a share, with adjusted quarterly profit of 72 cents per share. The casino operator’s revenue also beat forecasts. The company’s results were helped by improving fortunes in Macau after a long slump in that market.
GoPro — GoPro lost 60 cents per share for its latest quarter, much wider than the 35 cent loss expected by analysts. The high definition camera maker’s revenue was well below estimates, as is its current-quarter guidance. GoPro did say it expects to be profitable in 2017, however.
Twilio — Twilio reported a quarterly loss of four cents per share, half the size expected by Wall Street. The company, which provides a variety of customer interaction tools, also saw revenue come in above estimates on a jump in the number of active customer accounts.
FireEye — FireEye lost 18 cents per share for its latest quarter, smaller than the 31 cents a share Wall Street was anticipating. The cybersecurity products company’s revenue came in above forecasts, as demand for its cloud-based products rose.
Kraft Heinz — Kraft Heinz beat estimates by eight cents a share, with adjusted quarterly profit of 83 cents per share. The food company’s revenue came in slightly below forecasts. Kraft Heinz was helped by a cut in expenses.
Lions Gate — Lions Gate lost 11 cents per share for its latest quarter, smaller than the consensus forecast of a 24 cent loss. The studio’s revenue was well above expectations on strong results for both its movies and its TV shows.
Monster Beverage — Monster missed by 13 cents a share, with quarterly profit of 99 cents per share. The energy drink maker also saw revenue miss the mark. The results were impacted in part by a stronger dollar, as well as distribution issues.
Weight Watchers — Weight Watchers reported quarterly earnings of 53 cents per share, eight cents a share above estimates. The weight-loss company’s revenue came in below forecasts. The company also raised its full-year forecast above analysts’ expectations, even as it struggles to improve membership numbers.
Herbalife — Investor Carl Icahn raised his stake in the nutritional products company to 23.1 percent from his prior 20.8 percent stake.
NetApp — NetApp will lay off about six percent of its workforce in a further restructuring for the data storage company. It expects to complete the cuts by the end of its fiscal year in April.
source”cnbc”
