Shares in the US are gearing up to launch in search of direction, following a disappointing Amazon report. DJIA, SPX and Nasdaq futures point down. Amazon shares are down 5% on premarket.
Wall St. ended the previous session with a positive attitude, generally backed by good results from Microsoft and Tesla. However, the disappointment of 3M and Twitter prevented the positive sentiment from taking over the markets completely.
The biggest movements of the premarket
Verizon - The company reports quarterly earnings of $ 1.25 per share, a penny above Wall St.'s expectations. Revenues also beat forecasts, which was supported by better-than-expected subscribers.
VF Corp.- Their reports were in consensus of the investors, with $ 1.26 EPS at $ 1.31. Revenues are also below expectations, amid lower demand for brands such as North Face and Vans. The company reaffirmed its annual forecast, however, announcing that it is raising its dividend on a quarterly basis by 5 cents per share to a total of 48 cents.
Amazon.com reported EPS of $ 4.23, well below the expected $ 4.62. Revenues were above Wall St. estimates The company announces its first annual loss or contraction in earnings for more than two years.
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