What's Shaking: Friday's Early Movers
Happy Friday! Take a look at some of this morning's early movers:
General Electric – The conglomerate beat Street expectations on profit, but revenue missed. GE is the minority shareholder in NBCUniversal, parent company of CNBC.
Schlumberger – The oilfield services company logged a 36-percent earnings gainthanks to strong land and offshore operations.
Google – Earnings and sales failed to reach Wall Street estimates, a rare miss for the Internet giant, which has beaten on revenue for eight consecutive quarters. Brokerages Baird and Barclays slashed their price target on the firm to $750 from $760 and to $700 from $730, respectively.
IBM , Intel and Microsoft – All three tech titans topped profit and sales expectations. (Check results here.)In addition, both Citigroup and Barclays raised their price target on Intel to $29 from $27 and to $26 from $25, respectively. Meanwhile, BMO raised its price target on IBM to $192 from $190.
Among credit-card providers, AmEx beat estimates, while Capital One fell short. (Check results here.)
Citigroup raised its price targets on a handful of medical device makers and healthcare providers including Johnson & Johnson , Abbott Labs , Boston Scientific , Medtronic , Baxter , Covidien and St. Jude Medical .
General Motors – The American automaker reclaimed its title as the world’s top car sellerfor the first time since 2007.
Moody's cut its debt ratings on Sony and Panasonic amid worries over continued losses in their TV divisions.
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