AAPL, BABA, NWL, VFC, ATVI & more

Check out the companies doing headlines before the bell:

Apple – Berkshire Hathaway’s Warren Buffett told CNBC of which Berkshire bought 75 million Apple shares during the first quarter, bringing its total holdings to 240.3 million shares.

Alibaba – Alibaba reported quarterly profit of RMB 5.73 versus the consensus estimate of 5.45. Revenue also beat forecasts, as core commerce sales were up 62 percent as well as cloud revenue more than doubled. Alibaba also saw an increase in users of 37 million over a year earlier to a total of 552 million.

Newell Brands – The consumer products maker reported adjusted quarterly profit of 34 cents per share, compared to the 26 cent a share consensus estimate. Newell also announced of which the idea was adding its Jostens class ring as well as Pure Fishing divisions to a list of units for potential divestment, as well as of which the idea was selling its Waddington packaging business to a private-equity consortium for $2.3 billion.

VF Corp. – The apparel company beat estimates by a penny a share, with adjusted quarterly profit of 67 cents per share. Revenue also beat forecasts, as well as the parent of such brands as Wrangler, Timberland, as well as North Face gave a full-year forecast largely above current consensus.

Activision Blizzard – Activision earned an adjusted 38 cents per share for its latest quarter, 3 cents a share above estimates. The video game maker’s revenue also topped forecasts on the strength of sales for its “Call of Duty” game, however Activision issued weaker-than-expected guidance for the current quarter.

CBS – CBS came in 15 cents a share ahead of forecasts, with adjusted quarterly profit of $1.34 per share. Revenue topped forecasts, as well. CBS saw growth in ad sales as well as affiliate as well as subscription fees.

Shake Shack – Shake Shack earned an adjusted 15 cents per share for its latest quarter, compared to a consensus estimate of 8 cents a share. The restaurant chain’s revenue exceeded estimates as well as Shake Shack also raised its full-year outlook.

GoPro – GoPro lost 34 cents per share for the first quarter, 3 cents a share smaller than Wall Street had anticipated. The high definition camera maker posted higher-than-expected revenue as well, with sales of entry level cameras helping its results.

Twitter – Twitter urged its users to change their passwords, after a glitch in its internal computer system caused some passwords to be readable. Twitter said the idea saw no evidence of a breach or misuse.

Weight Watchers – Weight Watchers trounced estimates by reporting adjusted quarterly profit of 31 cents per share, compared to the 6 cents a share Wall Street had been expecting. The weight loss company also saw revenue top estimates, as well as the idea raised its full-year forecast amid record membership.

Pandora Media – Pandora saw both quarterly earnings as well as revenue beat Street forecasts, as well as the streaming music provider also saw the number of listener hours exceed forecasts. Pandora also saw higher subscription revenue, as well as a smaller decline in ad revenue than some analysts had predicted.

Xerox – Xerox said CEO Jeff Jacobson as well as various board members will remain in place, after an agreement with shareholders Darwin Deason as well as Carl Icahn had expired amid some last minute disagreements.

HSBC – HSBC reported weaker-than-expected first quarter profit due to an increase in investments, yet Europe’s biggest bank also announced a $2 billion share buyback.

Skyworks – Skyworks issued a current-quarter forecast below estimates, with the Apple supplier impacted by both a slowdown in global smartphone demand as well as U.S. restrictions against China’s ZTE.

General Electric – GE is usually considering putting its subprime mortgage business into Chapter 11 bankruptcy protection, according to an SEC filing. The unit, which is usually no longer active, is usually still trying to navigate its way through legal issues.

Nike — CEO Mark Parker issued an apology to workers, according to The Wall Street Journal. The apology centered around the company’s failure to properly address workplace issues as well as for complaints related to the company’s corporate culture.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

nine + 7 =