Early movers: MS, HAS, HAL, STI, NOK & more
Check out which companies are making headlines before the bell:
Morgan Stanley (NYSE: MS)-The firm earned an adjusted 85 cents per share, beating estimates of 78 cents, with revenue also above forecasts. Morgan Stanley's results were helped in part by better-than-expected performance in investment management and fixed income.
Hasbro (NASDAQ: HAS)-Hasbro reported quarterly profit of 21 cents per share, swamping estimates of 8 cents, with revenue also beating forecasts by a wide margin despite the negative impact of the strong dollar. Hasbro saw particularly strong performance in its Transformers and pre-school units.
Halliburton (NYSE: HAL)-The oilfield services company beat estimates by 12 cents with adjusted quarterly profit of 49 cents per share, with revenue scoring a slight beat as well. But Halliburton does say it expects the oil sector to remain "challenged."
SunTrust (NYSE: STI)-The bank earned 78 cents per share for its latest quarter, 6 cents above estimates, with revenue essentially in line. SunTrust was helped by lower expenses, and growth in noninterest income.
Nokia (Helsinki Stock Exchange: NOK-FI)-Nokia is planning to return to the consumer mobile handset market, according to Re/code.
Raytheon (NYSE: RTN)-The defense contractor announced a deal to buy control of cyber security firm Websense from private equity firm Vista Equity Partners for nearly $1.6 billion.
Callaway Golf (NYSE: ELY)-Jefferies began coverage on the golf club maker with a "buy" rating, saying market dynamics are likely to give Callaway a "powerful and sustainable" comeback.
Symantec (NASDAQ: SYMC)-Jefferies upgraded the cyber security software maker's stock to "hold" from "underperform," following the company's Financial Analyst Day event. It cited a lack of negative catalysts, and potential benefit in a variety of breakup scenarios.
Splunk (NASDAQ: SPLK)-Citi began coverage of the cyber security firm's stock with a rating of "buy/high risk." Citi said Splunk may benefit from a rapidly expanding market, but pointed out that the stock has been volatile as Splunk changed its pricing structure multiple times.
Michael Kors (NYSE: KORS)-Mizuho downgraded the luxury goods maker to "neutral" from "buy," following the results of a proprietary survey that the firm said does not necessarily bode well for future sales.
Comcast (NASDAQ: CMCSA), Time Warner Cable (NYSE: TWC)-Sources tell CNBC that the two companies will meet with Justice Department officials this week to negotiate possible concessions to get their planned merger deal approved.
Procter & Gamble (NYSE: PG)-The multinational consumer goods company increased its dividend by 3 percent to just over 66 cents per share, payable to shareholders of record as of the close of business on April 27.
Costco (NASDAQ: COST)-The wholesale retailer increased its quarterly dividend to 40 cents per share from 35½ cents, and also announced a new stock repurchase program of up to $4 billion. The new program replaces an existing $4 billion authorization which still has about $2.5 billion unused.
Prologis (NYSE: PLD)-The owner of warehouses and retail distribution centers will buy the real estate assets of KTR Capital Partners for $5.9 billion.
Sony (Tokyo Stock Exchange: 6758.T-JP)-The company introduced its new Xperia mobile phone, even as Sony mulls an exit from its mobile handset business.
Patterson Cos. (NASDAQ: PDCO)-Patterson is seeking a sale of its rehabilitation supply business for up to $600 million, according to Reuters.
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