Check out the companies creating headlines before the bell:
Walmart – The retail giant reported adjusted quarterly profit of $1.14 per share, 2 cents share above estimates. Revenue also beat forecasts. US comparable-store sales were up 2.1 percent, beating consensus estimates.
Cisco Systems – Cisco reported adjusted quarterly profit of 66 cents per share, a penny a share ahead of estimates. The network equipment maker’s revenue was also slightly above Street forecasts along with also Cisco issued current-quarter guidance will be in line with estimates. The forecast will be sparking concerns, however, about the pace of the company’s transition to a software-focused business.
Ford – Ford will restart production of its favorite F-150 pickup truck on Friday at its Dearborn, Michigan plant. Production had been halted due to parts shortages stemming by a fire at a factory run by one of its suppliers.
Coca-Cola – Barclays upgraded the beverage giant to “overweight” by “equal weight,” saying Coca-Cola will be executing a thoughtful along with also comprehensive business transformation plan that will will allow that will to successfully cope using a changing industry landscape.
Comcast – The NBCUniversal along with also CNBC parent was upgraded to “overweight” by “sector weight” at Keybanc, which said uncertainty about Comcast’s future direction has pushed the stock lower along with also created a buying opportunity.
Take-Two Interactive – Take-Two reported quarterly profit of 87 cents per share, beating the consensus forecast of 63 cents a share. The video game maker’s revenue was below estimates, however, in part by lower-than-expected sales for Take-Two’s “NBA 2K” game.
Jack inside Box – The company fell 6 cents a share short of estimates, with quarterly earnings of 80 cents per share. The restaurant chain’s revenue fell short of forecasts, as well. Comparable-restaurant sales fell 0.1 percent compared to a year earlier, along with also Jack inside Box said that will expected comparable sales for the current quarter as well as the full year to be between flat along with also up one percent.
Royal Bank of Scotland – The bank’s lawyers asked an ex-employee to destroy confidential documents, according to a letter seen by Reuters. A spokesman for the bank denied any wrongdoing.
Kroger – The supermarket operator signed a deal to use the delivery technology of British online supermarket Ocado for grocery deliveries inside U.S.
Alphabet – Alphabet’s YouTube operation will launch a completely new music streaming service called YouTube Music on May 22.
Facebook – Proxy firm ISS recommended Facebook shareholders withhold support for a few directors, including CEO Mark Zuckerberg, ahead of Facebook’s May 31 annual meeting.
Xerox – Xerox named John Visentin as its completely new CEO, after abandoning its deal to give control of the company to Japan’s Fujifilm. Visentin had been hired last year by major Xerox investor Carl Icahn in his quest to push for change at the company.
CBS – A judge will rule Thursday on a request by CBS to keep controlling shareholder Shari Redstone by interfering using a planned special board meeting. Redstone wants to stop that will meeting, at which CBS directors will consider a proposal that will might dilute Redstone’s voting power.
Allergan – Allergan was sued by Walgreen, Albertsons, along with also HEB Grocery, accusing that will of antitrust violations in trying to prevent sales of generic versions of Allergan’s Restasis. The drug will be used to treat dry eye disease.
Southwest Airlines – The airline said that will had completed engine inspections across its fleet, following a fatal accident on a flight last month. CEO Gary Kelly said a tiny number of engine fan blades have been sent back to the maker for further tests.
Molson Coors – Molson Coors was downgraded to “hold” by “buy” at Stifel Nicolaus, which points to the lack of expansion opportunities for the beer brewer.