Stock Futures Lower, Earnings Reports Weak

[Stocks-to-Watch]

U.S. stock futures are headed lower on disappointing earnings results.

Shares of General Electric (GE) were off more than 2% in pre-market trading after the company reported weak revenue and earnings. GE blamed weakness in its finance business and in Europe for earnings that came in at $3.73 billion, or 35 cents per share, compared to $4.54 billion, or 42 cents per share, a year earlier. Earnings were in line with analyst expectations, but revenue of $38 billion was below estimates.

American Express (AMX) stock was off 2% premarket. Revenue came up short despite earnings that were up 12% year over year.

Greek officials are meeting today and there’s talk of fresh agreements with lenders on shaving debt, Website protothema.gr reports.



Original Article Source by Barrons.com