Check out the companies making headlines before the bell:
Home Depot – The home improvement retailer earned $2.09 per share for the fourth quarter, below the $2.16 a share consensus estimate. Home Depot also noted a 16-cents-a-share one-time impairment loss related to its Interline Brands unit. Revenue was below forecasts, as well. The company did announce a 32 percent quarterly dividend hike, as well as a new $15 billion stock buyback authorization.
Caterpillar – The stock was downgraded to “sell” from “buy” at UBS, which predicted that the majority of the heavy equipment maker’s end markets will peak this year, and that revenue and margins will come under pressure in 2020 as demand declines.
Mallinckrodt – The drugmaker earned an adjusted $2.18 per share for its latest quarter, compared to the consensus estimate of $1.92 a share. Revenue was well above estimates, and Mallinckrodt also gave a better-than-expected earnings forecast