The pressure is on for those earnings to support the market's current valuations, after weeks of choppy trading.» Read More
Some of Thursday's midday movers:
United Parcel Service is reporting Q4 EPS of $1.25 ex-items on revenue of $15 billion, reports CNBC's Morgan Brennan.
U.S. stock index futures traded higher on Thursday, on what will be the busiest day of fourth quarter earnings season.
Jan 30- United Parcel Service Inc on Thursday posted fourth-quarter profit that met expectations as a surge in online shopping just before Christmas led to late deliveries and higher costs, but it forecast a stronger year ahead.
UPS, the biggest U.S. courier company, said earlier in the month it expected diluted earnings of $1.25 per share, well short of the average analyst estimate of $1.43 per share, according to Thomson Reuters I/B/E/S. On Thursday, UPS posted net earnings of $1.2 billion, or $1.25 a share, compared with a net loss of $1.7 billion, or $1.83 a share, last year.
UPS posted quarterly profit that met expectations and said a surge in online shopping just before Christmas led to late deliveries and higher costs.
Some of the names on the move ahead of the open.
CNBC's Phil LeBeau reports FedEx and UPS are saying they are expecting some delays in certain areas of the Midwest and the South due to severe winter weather.
The sector was weighed down Friday by Kansas City Southern, down 15 percent after the railroad's quarterly earnings missed Wall Street expectations, but other components also slumped, making the move lower more convincing.
With 20 percent of the S&P 500 reporting so far, CNBC took a look at what words top executives are using (over and over) to talk about their numbers.
Traders are bracing for another rough ride in markets this week, as the emerging markets continue to shakeout and the Fed is expected to announce another round of cuts to its easing program.
Although its early in the earnings season, the pattern of missing on revenue and beating on earnings seems broken.
*Intel falls after results, outlook. NEW YORK, Jan 17- The S&P 500 and Nasdaq declined on Friday as results from Intel and General Electric were the latest to dampen the view on fourth-quarter earnings.
U.S. stocks were mixed on Friday, as Wall Street gauged corporate earnings.
Matt Maley, Miller Tabak and Company, discusses UPS's earnings miss. And Jurrien Timmer, Fidelity Investments, weighs in on weak revenue numbers.
Despite online shopping continuing to gain share, delivery company UPS has issued a profit warning for its last quarter. CNBC's Morgan Brennan reports.
Jim Corridore, S&P Capital IQ, calls UPS' forecasting flop an "error." Corridore thinks the delivery company will be better geared for next holiday season.
*Expects fourth-quarter earnings/shr $1.25 vs est $1.43. *Sees 2013 earnings/shr $4.57 vs forecast $4.65- $4.85.
Some of Friday's midday movers:
*Expects fourth-quarter earnings/shr $1.25 vs est $1.43. *Expects 2013 earnings/shr $4.57 vs $4.65- $4.85 forecast earlier. Jan 17- United Parcel Service Inc warned its fourth-quarter earnings would fall well short of market forecasts as it spent up large to try to deliver a surge in parcels in time for Christmas.