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Actionable news in ADP: Automatic Data Processing, Inc.,

Early movers: CVS, TIME, NCLH, W, KORS, VRX, ADP, CBS,TWLO & more

Check out which companies are making headlines before the bell:

CVS Health – CVS earned an adjusted $1.33 per share for its latest quarter, two cents a share above estimates. Revenue also topped forecasts, boosted by strong performances in its specialty pharmacy and benefits management businesses.

Time Inc. – The magazine publisher beat estimates by two cents a share, with adjusted quarterly profit of 13 cents per share. Revenue missed forecasts on a drop in ad sales. Time also announced a new cost-cutting initiative aimed at slashing up to $600 million in expenses over the next three to four years.

Norwegian Cruise Line – The cruise line operator earned an adjusted $1.02 per share for the second quarter, five cents a share above estimates. Revenue also beat forecasts. Norwegian said the current booking environment is among the strongest it's seen in recent history.

Wayfair – The online home furnishings retailer reported an adjusted quarterly loss of 26 cents per share, 20 cents a share smaller than analysts had anticipated. Revenue beat forecasts as Wayfair saw a significant jump in the number of active users.

Michael Kors – The luxury goods seller earned 80 cents per share for its latest quarter, well above estimates of 62 cents a share. Revenue beat forecasts, as same-store sales...


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