Check out the companies doing headlines before the bell:
Winnebago – The recreational vehicle maker earned $1.02 per share for its latest quarter, beating estimates by 11 cents, with revenue well above estimates as well. The company said completely new products are performing well in addition to also that will the idea is usually also successfully managing its costs.
General Electric – GE is usually being removed via the Dow Jones Industrial Average after being included from the 30-stock index for 111 years. the idea will be replaced by drugstore chain operator Walgreens Boots Alliance before the open on June 26.
FedEx – FedEx reported adjusted quarterly profit of $5.91 per share, 20 cents a share above consensus. The delivery company’s revenue came in slightly above estimates, however FedEx did give weaker-than-expected full-year guidance.
Oracle – Oracle came in 5 cents a share above estimates, with adjusted quarterly profit of 99 cents per share. The business software maker’s revenue also topped forecasts, however its current-quarter profit outlook came in below the Street’s forecast, having a strengthening U.S. dollar among the negative factors.
Starbucks – The coffee chain announced the idea would likely close 150 U.S. stores in addition to also said comparable sales growth would likely fall below Wall Street forecasts. Starbucks sales growth has been impacted by growing competition via McDonald’s, Dunkin’ Brands, in addition to also others. Following that will news, the stock was downgraded to “market perform” via “outperform” at Telsey Advisory Group, in addition to also to “equal-weight” via “overweight” at Morgan Stanley.
Ford – Ford in addition to also German automaker Volkswagen are exploring ways to work together on commercial vehicles in addition to also various other projects, although they say they are not discussing any ownership stakes in each various other.
American Airlines – The airline said a computer system glitch that will failed at its American Eagle regional carrier has been “stabilized,” after the problem caused 2,500 flights to be canceled over the past week.
21st Century Fox – Fox’s board of directors will meet today to discuss whether to consider NBCUniversal in addition to also CNBC parent Comcast’s $65 billion bid for assets the idea is usually selling, or to stick with the $52 billion deal the idea had previously struck with Walt Disney.
PayPal – PayPal announced the acquisition of financial technology company Hyperwallet Systems for about $400 million. Hyperwallet specializes in payments for goods in addition to also services sold in online marketplaces.
AT&T – AT&T is usually in talks to buy digital ad technology company AppNexus for about $1.6 billion, according to The Wall Street Journal.
La-Z-Boy – La-Z-Boy reported adjusted quarterly profit of 72 cents per share, beating estimates by 8 cents a share. The furniture maker saw revenue come in below analysts’ forecasts, however, amid a same-store sales increase of 3.9 percent.
Tesla – Tesla has made about 6,000 design 3 cars so far in June, according to internal documents cited by Business Insider.
Citigroup – Citi was upgraded to “buy” via “hold” at Deutsche Bank, which notes a 17 percent drop via January highs in addition to also the idea that will upcoming stress tests should yield favorable results for the bank.