Ub News

U.S. stock futures traded lower Friday as somewhat disappointing results from International Business Machines, Bank of America and General Electric offset Google’s strong quarter.

In fairly volatile action, stock futures turned lower. S&P 500 futures fell 3.6 points to 1,085.90 and Nasdaq 100 futures shed 4.25 points to 1,744.20. Futures on the Dow Jones Industrial Average slipped 33 points.

Bank of America (BAC) meanwhile reported a wider-than-forecast loss after adding to credit-loss reserves. Bank of America (NYSE:BAC, $18.10, -$0.49, -2.64%) fell 3.65 percent to $17.44 on Friday morning pre-market trading session, even on Thursday, shares of Bank of America droped 2.64 percent, and closed on $18.10, BofA climbed 7.8 percent in the past one month trading.

Citigroup posted a slim $101-million (U.S.) profit yesterday, along with a per-share loss and a $529-million loss from continuing operations. That compares with $4.9-billion in the same quarter last year and $8.4-billion in the second quarter of 2009. Citigroup Inc. (NYSE:C, $4.75, -$0.25, -5.00%) droped 2.53 percent to $4.63 on Friday morning pre-market trading session, even on Thursday, Citigroup shares fell 5.00 percent, and closed on $4.75.

General Electric Co. reported third- quarter profit that exceeded estimates, declined 45 percent to $2.45 billion, or 22 cents a share, from $4.48 billion, or 45 cents, a year earlier, the company said in a statement. General Electric Co. (NYSE:GE, $16.79, -$0.05, -0.30%) fell 2.74 percent to $16.33 on Friday morning pre-market trading session, even on Thursday, shares of GE droped 0.30 percent, and closed on $16.79.

IBM said its third-quarter profit rose to $3.21 billion, or $2.40 a share, from $2.82 billion, or $2.04 a share, a year earlier. Revenue fell to $23.57 billion from $25.3 billion. International Business Machines Corp. (NYSE:IBM, $127.98, -$0.37, -0.29%) droped 3.97 percent to $122.90 on Friday morning pre-market trading session, even on Thursday, IBM shares fell 0.29 percent, and closed on $127.98.

Google Inc. on Thursday said its revenues increased 7 percent in the third quarter year-on-year, the company’s fastest pace of quarterly growth so far this year and a sign that online advertising market is recovering. The Internet search giant reported revenues of 5.94 billion U.S. dollars in the three months ended on Sept. 30, compared with 5.54billion dollars in the year-ago quarter. Google Inc. (NASDAQ:GOOG, $529.91, -$5.41, -1.01%) rose 3.04 percent to $546.00 on Friday morning pre-market trading session, while on Thursday, shares of Google droped 1.01 percent, and closed on $529.91