Some of the names on the move ahead of the open.
Check out the companies making headlines before the bell: Lowe's – The home improvement retailer beat estimates by a penny a share, with quarterly profit of 80 cents per share. Revenue was slightly below forecasts, and a 1.7 percent comparable-store sales increase was below the Refinitiv forecast of a 2.1 percent rise. Best Buy – The electronics retailer reported adjusted quarterly profit of $2.72 per share, 15 cents a share above estimates. Revenue also beat forecasts.
The generic drugmaker's revenue was in line with Street projections. Mylan also issued weaker-than-expected 2019 earnings guidance as it spends more on research, development, and marketing. Deutsche Bank - U.S. private-equity firm Cerberus would be open to a merger between Deutsche Bank and Commerzbank, according to a Reuters report. Cerberus is a major shareholder in both German banks.
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