XOM, BKC, RDS.A, Eni SpA Stk Futures Down Before the Bell
U.S. stock futures traded higher Thursday after the previous session’s sell-off, as some signs of optimism emerged ahead of the release of U.S. gross domestic product data for the third quarter.
Futures for the Dow Jones Industrial Averages recently rose 36 points to 9747. S&P 500 futures gained 4.5 points to 1043.5, and Nasdaq 100 futures were up 4.5 points to 1684.5.
U.S. stocks closed sharply lower Wednesday, with the Dow Jones Industrial Average posting its third triple-digit loss in four sessions after an unexpected decline in new-home sales fueled worries about the pace of the economic recovery. The Dow dropped 1.2%, and S&P 500 index fell 2%.
Exxon Mobil (XOM) said its third-quarter earnings fell 68% to $4.73 billion, or 98 cents a share, from $14.83 billion, or $2.85 a share in the year-ago period. Excluding a one-time gain $1.45 billion, Exxon Mobil earned $2.58 a share in the year-ago period. Capital expenditures fell 5% to $6.49 billion. Revenue fell to $82.3 billion from $137.7 billion. Exxon Mobil Corp. (NYSE:XOM, $73.84, -$1.07, -1.43%) fell 1.73 percent to $72.56 on Thursday morning pre-market trading session, even on Wednesday, shares of Exxom Mobil droped 1.43 percent, and closed on $73.84.
Burger King Holdings (BKC) on Thursday said its worldwide comparable sales for its fiscal first quarter fell 2.9%, against growth of 3.6% in the year-ago period. The company reported net income of $46.6 million, or 34 cents an adjusted share, against $49.8 million, or 36 cents, in the year-ago period. Earnings per share included 2 cents from a negative currency impact. Total revenue fell 5% to $636.9 million from $673.5 million. Burger King Holdings, Inc. (NYSE:BKC, $17.29, -$0.37, -2.1%) droped 3.12 percent to $16.75 on Thursday morning pre-market trading session, even on Wednesday, Burger King shares fell 2.1 percent and closed on $17.29.
Royal Dutch Shell’s Third Quarter 2009 Earnings, on a Current Cost of Supplies (CCS) Basis, Were $3.0 Billion Compared to $10.9 Billion a Year Ago. Basic CCS Earnings per Share Decreased by 72% Versus the Same Quarter a Year Ago. Royal Dutch Shell plc (NYSE:RDS.A, $61.82, -$0.94, -1.5%) fell 3.49 percent to $59.66 on Thursday morning pre-market trading session, even on Wednesday, shares of Royal Dutch Shell droped 1.5 percent, and closed on $61.82.
Eni SpA, Italy’s largest natural gas and oil company, said Thursday that third-quarter net profit fell 58 percent due to reduced demand and lower prices amid the global economic downturn. Net profit for the quarter that ended Sept. 30 was euro1.24 billion ($1.83 billion), compared with euro2.94 billion in the same period a year earlier. Eni S.p.A. (NYSE:E, $51.24m -$0.66, -1.27%) droped 2.24 percent to $50.09 on Thursday morning pre-market trading session, even on Wednesday, Eni Spa shares fell 1.27 percent and closed on $51.24.
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