Early movers: Viacom, JPMorgan Chase, Norwegian, Hertz & more
Check out which companies are making headlines before the bell:
Viacom —The media company reported adjusted quarterly profit of 69 cents per share, four cents above estimates, although revenue missed forecasts. Viacom said ratings at its networks are stabilizing and that movie studio Paramount is developing successful new films.
Norwegian Cruise Line — The cruise line operator beat estimates by three cents with adjusted quarterly profit of $1.62 per share, with revenue essentially in line. Revenue set a record as the company added new ships, and it issued an outlook mostly above current Street consensus.
JPMorgan Chase — Baird downgraded the bank's stock to "neutral" from "outperform", saying the bank is still a great company and should still be considered a core holding, but that the stock is near fair value.