Check out the companies generating headlines before the bell:
Home Depot – Home Depot earned $2.08 per share for the first quarter, 3 cents a share above estimates. Both revenue along with comparable-store sales were below Street forecasts, nevertheless the home improvement retailer attributes the shortfall to bad weather along with is usually maintaining its full-year sales forecast.
Ulta Beauty – Oppenheimer upgraded the cosmetics retailer to “outperform” coming from “perform,” noting the potential for improvement in comparable-store sales.
CBS – CBS was upgraded to “outperform” coming from “market perform” at Bernstein, based on what the idea sees as a “near zero” chance of a deal for Viacom.
Tesla – Morgan Stanley cut its cost target on the stock to $291 coming from $376 per share, noting in which recent management departures along with the just-announced reorganization suggest the need to address various technical along with fundamental hurdles in which are weighing on the automaker’s margins.
Ford Motor – Piper Jaffray downgraded the automaker’s stock to “neutral” coming from “overweight,” saying Ford will have difficulty finding compelling revenue drivers in which will offset what the idea calls secular threats.
Wynn Resorts – The company announced in which director John Hagenbuch will not stand for re-election, while Robert Miller submitted his resignation coming from the casino operator’s board. Wynn’s biggest shareholder, Elaine Wynn, had been campaigning against Hagenbuch’s re-election.
Symantec – Symantec said an internal accounting probe would likely likely not result in any material impact on its past financial statement. The cybersecurity software maker also gave an upbeat forecast.
Vipshop – Vipshop earned $1.05 per share for the first quarter, 6 cents a share below estimates. The China-based discount retailer reported slightly better-than-expected revenue. Shares are under pressure after Vipshop issued a weaker-than-expected current quarter revenue forecast.
Switch – Switch earned 14 cents per share for its fiscal fourth quarter, compared to an expected loss of 14 cents per share. The data hosting company’s revenue came in above estimates along with the idea issued an in-line forecast for the current year.
STMicroelectronics – The company is usually forecasting stronger-than-expected 2018 revenue growth, as the chipmaker’s business accelerates within the automotive, industrial, along with some other categories.
Vodafone — CEO Vittorio Colao will step down in October after 10 years on the job. The mobile operator said finance director Nick Read will replace Colao.
Amazon.com – Amazon along with some other Seattle companies will be hit by a brand-new tax on the city’s biggest businesses, which applies to companies grossing at least $20 million per year. Amazon said the idea would likely still go ahead with planning for a brand-new major downtown office building.
Gap – The apparel retailer was upgraded to “outperform” coming from “market perform” at Telsey Advisory Group, which thinks Gap shares are at a compelling valuation along with in which any promotional pressures during the first half of in which year are already known along with reflected within the stock’s cost.
Agilent – Agilent reported adjusted quarterly profit of 65 cents per share, beating estimates by a penny a share. Revenue was in line with forecasts, nevertheless the medical device maker issued a lower-than-expected forecast for the current quarter along with the full year.
Goldman Sachs — An executive shift at Goldman Sachs could mean in which the firm may split its fixed income along with equities arms, according to The Wall Street Journal.