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Early Movers: GE, MS, INTC & More

Check out which companies are making headlines before the bell on Friday:

General Electric - GE reported fourth-quarter profit of $0.44 per share, excluding certain items, one cent above Wall Street estimates. Revenue also beat Street forecasts, and CEO Jeff Immelt made upbeat comments about GE' prospects for 2013.

Morgan Stanley - Morgan Stanley reported fourth-quarter earnings of $0.45 per share, excluding DVA (debit value adjustment), and $0.28 per share when DVA is included. That compares to Street estimates of $0.27. CEO James Gorman told CNBC the firm is poised to benefit from operational efficiencies and an improved market environment.

Intel - The chipmaker reported quarterly profit of $0.48 per share, three cents above estimates. However, the stock is under pressure after Intel projected a bigger-than-expected increase in capital spending for 2013.


American Express - Amex earned $1.09 per share for the fourth quarter, in line with estimates, with revenue also matching consensus. Amex's earnings were down 47 percent from a year earlier, in large part due to considerable restructuring expenses.

E*Trade Financial - E*Trade has named Paul Idzik as its chief executive officer, effective Jan. 22. He becomes the fifth chief executive officer of the online brokerage since 2009.

Johnson Controls - The auto parts maker earned $0.52 per share for the fourth quarter, one cent above Street estimates. However, the company's current-quarter profit forecast was below estimates

Capital One - The company earned $1.41 per share for the fourth quarter, 17 cents shy of estimates, with revenue also falling short. The results were pressured by the company setting aside more money to cover credit card defaults.

Apple - Reuters reported that Japan's Sharp has halted nearly all production of the 9.7 inch screens for the iPad. That comes as demand shifts to the smaller iPad mini.

Xilinx - Xilinx posted fiscal third-quarter profits of $0.38 per share, one cent above estimates, though revenue fell short of consensus. The chipmaker's current-quarter revenue forecast was also shy of analysts' estimates. Programmable chipmakers such as Xilinx and rival Altera have been under pressure because of lower demand from communications market customers.

American Greetings - Chief Executive Officer Zev Weiss has increased his offer to buy out the firm to $17.50 per share from the prior $17.18 a share. That represents a 13 percent premium to Thursday's closing price. Weiss and his family already own enough shares to give them about 51 percent of the greeting card maker's voting power.

Schlumberger - Schlumberger earned $1.08 per share for its fourth quarter, one cent above estimates. It has increased its quarterly dividend by 13.6 percent to 31.25 cents per share.

Pfizer - The drugmaker's animal health unit, Zoetis, has unveiled the terms for a planned initial public offering. It plans to sell 86.1 million shares at $22 to $25 per share, potentially making the IPO worth as much as $2.2 billion.

AT&T - AT&T said it expects a non-cash fourth-quarter charge of about $10 billion due to bigger-than-expected pension obligations. It also said its fourth-quarter numbers will be impacted by higher-than-expected smartphone-related costs, and damage from super storm Sandy.

Norwegian Cruise Lines - The cruise line operator has priced its initial public offering at $19 per share, above the expected range of $16 to $18 a share.

Liberty Media - Liberty now has a more than 50 percent stake in satellite radio operator Sirius XM Radio, after buying 50 million more shares.

Research In Motion - Jefferies has upgraded the stock to to "buy" from "hold," and raised its price target, as it gets "mega-bullish" about the prospects for the new BlackBerry 10 operating system.

Las Vegas Sands - Wells Fargo has upgraded the casino operator's stock to "outperform" from "market perform," saying it's one of the best companies in the casino space.

Netflix - Janney Montgomery Scott has upgraded Netflix to "buy" from "neutral," citing recent and prospective studio deals, as well as the prospects for a short squeeze.

(Read More: See CNBC's Market Insider Blog)

—By CNBC's Peter Schacknow

Questions? Comments? Email us at marketinsider@cnbc.com


  • Patti Domm

    Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.

  • A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

  • CNBC Personal Finance Correspondent

  • JeeYeon Park is a writer for CNBC.com. Follow her on Twitter: @JeeYeonParkCNBC

  • Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.

  • Senior Producer at CNBC's Breaking News Desk.