Feb. 6 Premarket Briefing: 10 Things You Should Know (Update 1)
Here are 10 things you should know for Thursday, Feb. 6:
1.-- U.S. stock futures were steady Thursday ahead of jobless claims data, and after the European Central Bank left key lending rates unchanged.
Asian stocks finished the trading session mixed. Japan's Nikkei 225 index declined 0.2%
2.-- The economic calendar in the U.S. Thursday includes weekly initial jobless claims at 8:30 a.m. EST, trade balance data for December at 8:30 a.m., and preliminary productivity and unit labor costs for the fourth quarter at 8:30 a.m.
3.-- U.S. stocks finished Wednesday's trading session bouncing off intraday lows as better-than-forecast services data offset mixed labor market data.
The S&P 500 fell 0.2% to 1,751.64 after declining as much as 1% earlier in the day. The Dow Jones Industrial Average finished little changed at 15,440.23 while the Nasdaq fell 0.5% to 4,011.55.
San Francisco-based Twitter, the microblogging site, earned 2 cents a share on revenue of $242.7 million in the fourth quarter. Advertising revenue surged 121% year over year to $220 million. The company noted that mobile advertising revenue was more than 75% of total advertising revenue.
Analysts were looking for Twitter to post a fourth-quarter loss of 2 cents a share on sales of $217.8 million.
The company ended the December quarter with 241 million monthly active users (MAUs), up 30% year over year, with the majority, 184 million, via mobile. The 241 million users was an increase of just 9 million from the prior quarter.
Twitter shares fell 21.3% to $51.91 in premarket trading on Thursday.
The Japanese electronics and entertainment maker also said it split off its money-losing TV division and run it as a wholly-owned subsidiary.
Sony said it's talking with investment fund Japan Industrial Partners to try to reach an agreement by the end of March to sell its PC business.
Sony said it would post a loss for the fiscal year, instead of the 30 billion yen ($295 million) profit it forecast in October.
Sony shares fell 5.5% in premarket trading to $15.03.
6.-- Walt Disney's
Adjusted first-quarter earnings of $1.04 a share topped analysts' expectations of 92 cents a share.. Revenue rose 9% to $12.31 billion; analysts were looking for revenue of $12.25 billion.