Liberty Takes Over Siri and GE’s Earnings Beat: Morning Buzzers
Stock futures were mixed on Friday morning. Investors are digesting China’s modest 7.8 percent 2012 GDP growth and looking forward to the Reuters/University of Michigan Consumer Sentiment report, due out just before 10:00 a.m.
Futures at 8:45 a.m.: S&P: +0.07%, Dow: +0.05%, NASDAQ: -0.23%.
General Electric (NYSE:GE) enjoyed a pre-market buzz after releasing its fourth-quarter results. Operating earnings for the period increased 13 percent year over year to $0.44 per share, while revenues increased 4 percent to $39.3 billion for the period, beating estimates. Shares climbed as much as 3.7 percent in pre-market trading.
Intel (NASDAQ:INTC), on the other hand, is suffering a post-earnings hangover. Shares were off over 6 percent in the pre-market after the tech company beat estimates for the quarter but projected a weak first quarter for 2013… (Read more.)