Early movers: BIG, GME, DECK, AMZN, EQIX & more
Check out which companies are making headlines before the bell:
Big Lots (NYSE: BIG)-The discount retailer reported quarterly profit of 60 cents per share, 1 cent above estimates, with revenue in line with forecasts. However, the company's current quarter earnings forecast is below estimates, with comparable store sales expected to grow by two to 3 percent.
Genesco (NYSE: GCO)-The footwear and apparel retailer fell 16 cents shy of estimates with adjusted quarterly profit of 51 cents per share, with revenue also missing forecasts. Genesco cites West Coast port-related delays and gross margin pressure, although it does say the current quarter is off to a good start with a 7 percent increase in same-store sales. Genesco also cut its full-year forecast.
GameStop (NYSE: GME)-The video game retailer earned 68 cents per share for its latest quarter, 7 cents above estimates. Revenue was slightly ahead of forecasts, and GameStop also gave an upbeat forecast for the current quarter and full year. GameStop's results were helped by strong sales of new game software.
Kinross Gold (Toronto Stock Exchange: K-CA)-UBS raised its rating on the gold producer's stock to "buy" from "neutral."
Deckers Outdoor (NYSE: DECK)-The maker of UGG boots earned 4 cents per share for its most recent quarter, beating consensus estimates for a breakeven quarter. Deckers also saw its revenue beat estimates, but it's giving a below-consensus forecast for the current quarter while raising its earnings projections for the full year.
Ulta Salon (NASDAQ: ULTA)-The cosmetics retailer beat estimates by 11 cents with quarterly profit of $1.04 per share, and revenue was also above forecasts. Ulta saw increases in market share across all its categories.
Equinix (NASDAQ: EQIX)-Equinix is buying Britain's Telecity Group for $3.6 billion, creating Europe's largest data center company. The acquisition by U.S.-based Equinix also ends Telecity's bid to buy Dutch data center firm Interxion (NYSE: INXN).
Vodafone (London Stock Exchange: VOD-GB)-Many of Vodafone's biggest investors tell Reuters that they would be open to a deal with John Malone's Liberty Global (NASDAQ: LBTYA), a week after Malone said Vodafone would be a "great fit" for Liberty.
Altera (NASDAQ: ALTR)-The specialty chip maker is close to a deal to be acquired by Intel (NASDAQ: INTC) for about $15 billion, according to the New York Post. Talks between the two have been widely reported, and a deal is now seen happening by the end of next week.
Amazon.com (NASDAQ: AMZN)-The e-commerce giant is planning to expand its line of privately-branded food and household products, according to The Wall Street Journal.
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