Hamper out which companies are making headlines before the bell:
Nike – Nike reported set quarterly profit of 68 cents per share, 15 cents a helping above estimates. The athletic apparel and footwear maker’s revenue conquer forecasts, as well. Nike’s results were boosted by strong outcry in international markets.
Micron Technology – Micron came in 8 cents a slice above estimates, with adjusted quarterly earnings of $2.82 per interest. The chipmaker’s revenue was above forecasts, as well, as both demand and premium for memory chips jumped during the quarter. However, the company said nitrogen satisfy disruptions at one of its production facilities would have a two to three percent results on production during the current quarter.
Cisco Systems – The networking gear maker was added to the “Conviction” list at Goldman Sachs, which assists Cisco as a defensive play in a volatile market. Goldman calls Cisco’s end buys “healthy and improving.”
Pfizer – Pfizer said it is continuing to evaluate way outs for its consumer health-care unit, but has not yet made a decision on a sale, spinoff, or other affair. That statement comes after GlaxoSmithKline dropped out of the bidding, a day after British consumer effects maker Reckitt Benckiser did the same. Analysts had been projecting that the piece could fetch as much as $20 billion.
Dropbox (DBX) – Dropbox valued its initial public offering at $21 per share, above the expected scale of $18 to $20 per share. Earlier in the week, the expected range for the IPO had been $16 to $18 per share out. At $21 per share, the data storage company would have a sell valuation of about $9.2 billion. The stock will begin do business today on the Nasdaq.
Wynn Resorts – Former CEO Steve Wynn has blow the whistle oned his entire stake in the casino operator, completing that process with a selling Thursday after selling about a third of his stake on Wednesday.
KB Where it hurts – KB Home reported adjusted quarterly profit of 40 cents per division, 12 cents a share above estimates. The home builder’s interest was below forecasts. The company said it sees demand remaining strong and inventory staying tight for the foreseeable future.
Cintas – Cintas stir estimates by 10 cents a share, reporting quarterly profit of $1.37 per dispensation. Cintas, which makes uniforms and provides facility services, saw takings beat estimates, as well.
General Mills – The food company was upgraded to “utter” from “neutral” at Susquehanna, which cited an attractive valuation. Community Mills shares tumbled earlier this week to a multi-year low arising its quarterly earnings reports, in which it beat estimates but lowered its full-year anticipation in the face of rising input costs.
Occidental Petroleum – The energy Canada entrepreneur’s stock was upgraded to “buy” from “hold” at Deutsche Bank, which single outs to both an improved outlook and current valuation.
Target – There is no truly to the report that the retailer is in talks with Kroger on a merger, a inception close to the matter tells CNBC.