Early movers: DISH, ACT, ROSE, HLT, BID & more
Check out which companies are making headlines before the bell:
Dish Network (NASDAQ: DISH)-The satellite TV operator saw revenue rise 3.6 percent in its latest quarter, compared to a year ago, even though overall subscriber numbers dropped. Dish now makes an average $86.01 per subscriber compared to $82.36 a year ago.
Actavis (NYSE: ACT)-The drug maker reported adjusted quarterly profit of $4.30 per share, above estimates of $3.93, with revenue also above Street forecasts on higher sales of its branded drugs in North America.
Rosetta Resources (NASDAQ: ROSE)-Rosetta will be acquired by fellow energy producer Noble Energy (NYSE: NBL) in an all-stock transaction valued at $2.1 billion. Rosetta shareholders will receive 0.542 Noble shares for each share they now hold, an implied value of $26.62 per share.
Hilton Worldwide (NYSE: HLT)-The hotel operator announced a 90 million share secondary offering, with the shares coming from stockholders affiliated with Blackstone Group. Hilton will not receive any proceeds from the offering.
Sotheby's (NYSE: BID)-The auction house reported adjusted quarterly profit of 7 cents per share, beating expectations for a breakeven quarter. Revenue also exceeded forecasts, as auction sales and commissions rose compared to a year earlier.
Caterpillar (NYSE: CAT), Joy Global (NYSE: JOY)-Baird upgraded both stocks to "outperform" from "neutral," saying the worst may be over for the commodity deflation cycle.
GoDaddy (NYSE: GDDY)-Citi began coverage of the domain name registrar with a "buy" rating, saying it is positive on GoDaddy's sales and profitability outlook.
Cisco Systems (NASDAQ: CSCO)-Pacific Crest upgraded the networking equipment maker to "overweight" from "sector weight," citing the beginning of a multi-quarter recovery driven by new product cycles.
Post Holdings (NYSE: POST)-Citi downgraded the food maker to "neutral-high risk" from "buy," pointing to the potential negative effect of bird flu on the company's processed egg business.
Salesforce.com (NYSE: CRM)-Morgan Stanley removed the stock from its "Best Ideas" list, mentioning both the recent run-up on takeover talk, and what it sees as the low probability of a buyout deal.
Zillow (NASDAQ: Z)-SunTrust upgraded the real estate website operator to "buy" from "neutral," saying Zillow will benefit over the long term from its dominant market position.
Goldman Sachs (NYSE: GS)-The Wall Street Journal reported the firm is expected to pay $129.5 million to settle a lawsuit that accused several banks of foreign exchange market manipulation.
GlaxoSmithKline (London Stock Exchange: GSK-GB)-Glaxo will collaborate with U.S. scientists to develop a cure for AIDS. Glaxo will invest $20 million to help fund a joint venture with the University of North Carolina.
Walt Disney (NYSE: DIS)-Disney's "Avengers: Age of Ultron" topped the weekend box office once again, with $77.2 million in North American ticket sales.
Toyota (Tokyo Stock Exchange: 7203.T-JP)-The automaker is in talks with Mazda to expand their technology partnership, according to Reuters.
Blackstone (NYSE: BX)-Blackstone's fee practices are under examination by the Securities and Exchange Commission, according to an SEC filing.
Charter Communications (NASDAQ: CHTR)-Charter is reportedly in talks to arrange financing of up to $30 billion as it pursues a deal with Time Warner Cable (NYSE: TWC). The Wall Street Journal also said both parties have reached out to cable operator Bright House Networks about buying it.
Syngenta (Swiss Exchange: SYNN-CH)-Syngenta will continue to be pursued by Monsanto (NYSE: MON), according to Reuters, even though the maker of agricultural chemicals rejected Monsanto's initial overture as undervaluing the company.
Zulily (NASDAQ: ZU)-The flash sale retailer now has Alibaba (NYSE: BABA) as a 9.2 percent stakeholder, according to an SEC filing. That comes following a three-day buying spree by the China-based online retail giant.
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