Stock Futures Tilt Lower

In corporate news, Walt Disney(DIS) , the media and entertainment conglomerate, posted better-than-expected earnings but came up short of analysts' estimates on the top line.

The company reported after Tuesday's closing bell earnings of $1.83 billion, or $1.01 a share, in its fiscal third quarter ended in July on revenue of $11.09 billion. Analysts were expecting a profit of 93 cents a share on revenue of $11.31 billion.

Earnings were driven, in part, from strong ticket sales to movies like The Avengers.

Priceline.com(PCLN) , the online travel reservation company, provided investors with an underwhelming outlook after Tuesday's close of trading.

Priceline said it expects non-GAAP earnings of $11.10 to $12.10 for the third quarter ending in September, well below the current Wall Street consensus estimate for a profit of $12.76 a share. The company said its outlook "reflects an assumption that economic conditions in Europe will further deteriorate."

Macy's (M) posted an almost 16% gain in second-quarter net income and earnings per share of 67 cents on revenue of $6.12 billion. Analysts, on average, were expecting second-quarter earnings of 64 cents a share on sales of $6.12 billion.

Jiangling Motors, the Chinese light commercial vehicle maker that is 30%-owned by Ford(F) , plans to buy Taiyuan Changan Heavy Truck Co..

China is the world's largest market for heavy trucks. It's Ford's first entry into the market.

-- Written by Andrea Tse in New York.

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