Early movers: KO, FRX, WM, MDT, NFLX, TSLA & more

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Early movers: KO, FRX, WM, MDT, NFLX, TSLA & more
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Check out which companies are making headlines before the bell:

Coca-Cola (KO)-Coke matched estimates by earnings 46 cents per share for the fourth quarter, excluding certain items, with revenues slightly short of consensus. Worldwide case unit volume was up one percent during the quarter, though North America was down one percent and Latin America case volume was flat.

Forest Labs (FRX)-Actavis (ACT)is buying Forest Labs for $25 billion in cash and stock, valuing the deal at $89.48 per share. Forest Labs shareholders will get $26.04 in cash and 0.33 Actavis shares for each share they now hold.

Waste Management (WM)-The company missed estimates by five cents with fourth quarter profit of 56 cents per share, excluding certain items, with revenue also short of forecasts. Waste Management did increase its quarterly dividend by 2.7 percent to 37-1/2 cents per share.

Medtronic (MDT)-The medical products maker matched Street estimates with quarterly profit of 91 cents per share, with revenue slightly above analyst projections. Its overall results were impacted by charges related to the failure of a high blood pressure treatment during a study.


Lululemon (LULU)-Oppenheimer upgraded the apparel maker's stock to "outperform" from "perform", saying the company's brand equity remains intact despite a variety of missteps in 2013.

Norwegian Cruise Line (NCLH)-The cruise line operator reported fourth quarter profit of 19 cents per share, beating estimates by a penny, though revenue was slightly shy of consensus. The company said it was pleased with a "solid" performance during a challenging year for the industry.

Big Lots (BIG)-Deutsche Bank upgraded the retailer's stock to "buy" from "hold", citing an improved product and services assortment.

Netflix (NFLX)-The streaming video company attracted a surge in viewership for the second season of its "House of Cards" program. Separately, Carl Icahn's latest SEC 13F filing shows he cut his stake in Netflix by 2.9 million shares, leaving his holdings at 2.7 million shares.

Hewlett-Packard (HPQ) -HP executives were reportedly aware of Autonomy's account practices months before they were flagged by a whistle-blower, according to the Financial Times. That revelation caused an $8.8 billion writedown in Autonomy's value, and HP subsequently accused Autonomy's executives of accounting fraud.

Las Vegas Sands (LVS)-The casino operator's websites are back online, after a week-long outage caused by a hacking attack.

Tempur-Pedic (TPX)-Piper Jaffray upgraded the mattress maker's stock to "overweight" from "neutral", based on an anticipated acceleration of international sales and a new product line.

Tesla (TSLA)-A report in the San Francisco Chronicle said CEO Elon Musk met with Apple's (AAPL) head of mergers and acquisitions last spring. At least one financial analyst has previously suggested that Apple should buy Tesla as it seeks to apply its technology in new areas.

Hedge fund stakes revealed by late 13F filings Friday:

Liberty Global (LBTYA)-Warren Buffett's Berkshire Hathaway (BRK-A) took a new 2.9 million stake in Liberty during the quarter, while selling its holdings of Dish Network (DISH) and GlaxoSmithKline (London Stock Exchange: GSK-GB).

Hertz Global (HTZ)-The car rental company is among the new stakes held by investor Dan Loeb's Third Point, along with T-Mobile US (TMUS) and BlackBerry (Toronto Stock Exchange: BB-CA). It also cut stakes in Yahoo (YHOO) and Constellation Brands (STZ).

Microsoft (MSFT)-Investor George Soros cut his stake in Microsoft as well as Herbalife (HLF)(HLF), while selling out stakes in Chevron (CVX) and J.C. Penney (JCP), and taking a new stake in JPMorgan Chase (NYSE: JPM'D).

Micron Technology (MU)-David Einhorn's Greenlight Capital took a new $1 billion stake in the chip maker, as well as EMC (EMC), and Chico's FAS (CHS).

General Motors (GM)-Paulson & Co. is the latest among the many hedge funds taking a stake in the automaker, with Paulson also investing in American Airlines Group (AAL), and increasing stakes in Time Warner Cable (TWC), Sprint (NYSE:S), and Vodafone (London Stock Exchange: VOD-GB).

-By CNBC's Peter Schacknow

Questions? Comments? Email us at marketinsider@cnbc.com

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