U.S. stock-market futures ticked higher Tuesday in another busy day of earnings announcements, with Ford Motor Co., 3M Co. and Coca-Cola Co. among the blue chips revealing their latest quarterly numbers. See Indications for more on U.S. markets.
- Ford Motor Co. /quotes/comstock/13*!f/quotes/nls/f F +2.05% said its first-quarter profit rose to $2.6 billion, or 61 cents a share, from $2.1 billion a year earlier. Adjusted earnings were 62 cents a share, and sales reached $33.1 billion. The results topped market expectations for a profit of 50 cents a share on sales of $30.5 billion. The company, however, said quarterly results later in the year many not be as strong as the first quarter.
- Coca-Cola Co. /quotes/comstock/13*!ko/quotes/nls/ko KO -2.05% said its first-quarter profit rose to $1.9 billion from $1.6 billion a year earlier, though the results still fell short of market expectations. Adjusted earnings in the quarter were 86 cents a share, while analysts had, on average, been expecting a profit of 87 cents a share.
- 3M Co. /quotes/comstock/13*!mmm/quotes/nls/mmm MMM +1.67% said its profit rose to $1.08 billion from $930 million as the company also lifted its outlook for the year. Earnings in the latest quarter were $1.49 a share and beat the $1.42 consensus forecast.
- United Parcel Service Inc. /quotes/comstock/13*!ups/quotes/nls/ups UPS +1.20% raised its outlook for the year as it reported a first-quarter profit of $885 million, or 88 cents a share, that exceeded the 84-cent consensus forecast of analysts.
- Shares in Netflix Inc. /quotes/comstock/15*!nflx/quotes/nls/nflx NFLX -6.09% dropped around 6% in premarket trading after saying late Monday that its second-quarter earnings will likely come in below market expectations.
Source LInk:http://www.marketwatch.com/story/ford-3m-coca-cola-in-the-spotlight-2011-04-26?link=MW_latest_news
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