Early movers: DE, CPB, HPQ, GPS, ROST & more

Getty Images. Jim Cramer explains why he thinks exchange-traded funds are a bad bet.

Check out which companies are making headlines before the bell:

Deere & Co. (NYSE: DE)-The heavy equipment maker earned $2.03 per share for its latest quarter, beating estimates of $1.55 despite a slight revenue shortfall. Deere noted a weak global agricultural sector, but said good execution aided its bottom line.

Foot Locker (NYSE: FL)-The sports apparel and footwear retailer beat estimates by 6 cents with earnings of $1.29 per share. Revenue and same-store sales were above analyst forecasts, and the company said the quarter was the most profitable in its history.

Campbell Soup (NYSE: CPB)-The food maker earned an adjusted 62 cents per share for its latest quarter, 10 cents above estimates, though revenue fell short due to currency effects. Campbell said its full-year sales would fall towards the lower end of its projected range, but earnings would be at the more favorable end.

Hibbett Sports (NASDAQ: HIBB)-The sporting goods retailer earned $1.09 per share for its latest quarter, 4 cents below estimates, while revenue fell short of forecasts as well. The company cites poor weather as well as port delays.

Hewlett-Packard (NYSE: HPQ)-HP reported adjusted quarterly profit if 87 cents per share, 2 cents above estimates, though revenue was slightly shy of forecasts. The company also issued weaker-than-expected current quarter guidance. Investors are taking note of a positive development-lower-than-expected expenses for the separation of its personal computer and printer businesses into a separate company.

Gap (NYSE: GPS)-The apparel retailer matched Street estimates with quarterly profit of 56 cents per share, though revenue was slightly shy of consensus. However, Gap did back its previous earnings guidance for the full year despite the first quarter weakness in sales.

Aeropostale (NYSE: ARO)-The teen apparel retailer lost 56 cents per share, 1 cent more than expected, and Aeropostale's revenue missed as well. The company also sees a larger-than-expected current quarter loss,.

Ross Stores (NASDAQ: ROST)-The discount retailer beat estimates by 9 cents with quarterly profit of $1.37 per share, as revenues also exceeded forecasts. Comparable store sales for Ross were up 5 percent.

Brocade Communications (NASDAQ: BRCD)-The networking equipment company earned an adjusted 22 cents per share for its latest quarter, 2 cents above estimates, but Brocade's revenue fell short, as does its current quarter revenue guidance. Brocade also announced a 29-percent increase in its quarterly dividend to 4½ cents per share.

Fresh Market (NASDAQ: TFM)-The specialty grocer reported adjusted quarterly profit of 50 cents per share, 1 cent above estimates, with revenue falling short of Street forecasts. Fresh Market also cut its forecast for comparable store sales for the year, saying they will increase one to 3 percent compared to an earlier projection of 2 to 4 percent.

Intuit (NASDAQ: INTU)-The financial software maker exceeded estimates by 11 cents with adjusted quarterly profit of $2.85 per share, while revenue for Intuit slightly exceeded consensus. However, its current quarter guidance falls below Street estimates.

Lions Gate Entertainment (NYSE: LGF)-The movie studio came in 7 cents above estimates with adjusted quarterly profit of 39 cents per share, but revenue fell considerably below analyst forecasts.

BlackBerry (Toronto Stock Exchange: BB-CA)-BlackBerry will buy back about 2.6 percent of its outstanding shares, to negate potential negative effects of a proposed employee stock purchase plan.

Expedia (NASDAQ: EXPE)-The travel website operator sold its 62.4 percent stake in China travel site eLong for $671 million. The buyer is a consortium that includes Ctrip.com (NASDAQ: CTRP).

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