Early movers: GE, MS, AAPL, STI, GOOG, AXP & more
Check out which companies are making headlines before the bell:
General Electric–The industrial giant reported fourth quarter profit of 53 cents per share, excluding certain items, matching estimates. Revenue was slightly above consensus, and CEO Jeff Immelt said he is pleased with the company's overall execution in 2013.
Morgan Stanley–The investment firm reported fourth quarter profit of 50 cents per share, excluding certain items, beating estimates by five cents, with revenue outstripping consensus as well. The firm said its results reflect strong investment banking performance.
Schlumberger–The oilfield services company reported fourth quarter profit of $1.35 per share, beating estimates by three cents. Schlumberger was helped by higher revenue in the Middle East and Asia. Separately, the company raised its quarterly dividend by 28 percent to $1.60 per share annually.
SunTrust Banks–The bank reported fourth quarter profit of 77 cents per share, eight cents above estimates, with SunTrust cutting expenses enough to offset a decline in revenue.
Intel—The chipmaker reported fourth quarter profit of 51 cents per share, a penny below estimates. Revenue did beat consensus, but Intel did say sales would be flat for the current fiscal year.
American Express–The credit card big reported fourth quarter profit of $1.25 per share, excluding certain items, a penny below estimates. Profit did more than double from a year earlier, as customers spent more during the holiday season.
Capital One–Capital One fell 10 cents shy of Street estimates with fourth quarter profit of $1.45 per share, though revenue was slightly above consensus. The credit card issuer was impacted by a drop in net interest income.
Sysco–A proposed acquisition of rival food distributor U.S. Foods is the subject of a probe by Florida and other U.S. states. Sysco announced In December that it would buy U.S. Foods for $3.5 billion. The combined company would have a greater than 25 percent domestic market share.
Elizabeth Arden–The company is predicting current quarter profit at $1.05 - $1.08 per share, which would come in below analyst estimates of $1.48, and its revenue guidance is well below consensus. The maker of beauty products said its results are being hurt by its resistance to matching promotions by competitors.
United Continental–The airline will take a $158 million fourth quarter charge related to furloughs announced earlier this week.
Google–Google is testing a smart contact lens that measures the glucose level in tears, for use by diabetics.
IBM–IBM will spend more than $1.2 billion to build 15 new data centers around the world. The data centers would be used to expand its cloud services.
—By CNBC's Peter Schacknow
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