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Check out the companies making headlines before the bell:
CBS CBS – CBS reported adjusted quarterly profit of $1.12 per share , beating consensus estimates by 1 cent a share. Revenue also beat forecasts, with the company on track for record full-year results. CEO Leslie Moonves did not address allegations of sexual misconduct against him during the company's earnings conference call.
Activision Blizzard ATVI – Activision beat forecasts by 6 cents a share, with adjusted quarterly profit of 41 cents per share. The videogame publisher's revenue topped estimates by a slight margin. Results were driven by strong sales of Activision's popular "Call of Duty" video game, but the company did forecast current quarter and full-year revenue below consensus.
Take-Two Interactive TTWO – Take-Two earned 4 cents per share for its fiscal first quarter , falling 3 cents a share short of estimates. Activision's rival videogame publisher saw quarterly revenue come in above forecasts, getting a big boost from strong sales for the company's NBA and Grand Theft Auto franchises.
Shake Shack SHAK – Shake Shack came in 11 cents a share ahead of estimates , with adjusted quarterly profit of 29 cents per share. The restaurant chain's revenue beat forecasts, as well. Same-restaurant sales were up 1.1 percent, but investors were disappointed that Shake Shack merely reaffirmed its full-year forecast rather than raising it.
Symantec SYMC – The maker of cybersecurity software reported adjusted quarterly profit of 34 cents per share, 1 cent a share above estimates. Revenue also exceeded Street forecasts, however Symantec gave weaker-than-expected current-quarter guidance and announced an eight percent cut in its global workforce.
Kraft Heinz KHC – The food company earned an adjusted $1.00 per share for its latest quarter, eight cents above estimates, while revenue also topped forecasts. Kraft Heinz said it expected profitability to improve by the end of the year. Separately, the New York Post reports that Kraft has had exploratory talks with Campbell Soup CPB about a possible takeover, although the paper said Kraft has not made an offer and is not likely to pay much of a premium for Campbell.
Dish Network DISH – The satellite TV operator beat estimates on both the top and bottom lines. Dish continue to lose pay-TV subscribers during the quarter, but the pace of those losses slowed.
GoPro GPRO – GoPro lost 15 cents per share for its latest quarter , 7 cents a share smaller than Wall Street had anticipated. The high-definition camera maker's revenue beat analyst forecasts. CEO Nicholas Woodman said he believed the company would be profitable during the second half of this year.