Stock Futures Higher After Modest Jobs Gains
Shares were up 0.7% in premarket trading.
Chevron(CVX) posted fourth-quarter earnings of $3.70 a share versus the average analyst estimate of earnings of $3.04 a share amid improvements in its downstream operations. Results in the 2012 period included a gain of $1.4 billion from an upstream asset exchange. Shares were up a third of a percentage point.
Drugmaker Merck(MRK) posted fourth-quarter earnings of 83 cents a share on revenue of $11.7 billion, beating the average analyst estimate of 81 cents a share on revenue of $11.48 billion.
The company said that it expects full-year 2013 revenue to be near 2012 levels on a constant currency basis, and that at current exchange rates sales would be affected unfavorably by about 1% to 2%.
Shares were sliding more than 2%.
Mattel(MAT) , the toy company, posted fourth-quarter earnings of $1.12 a share, excluding a litigation charge, on revenue of $2.26 billion, below the average analyst estimate of earnings $1.15 a share on revenue of $2.29 billion as worldwide gross sales for the Entertainment business fell 13% primarily driven by decreases in the CARS 2 movie property and stiff competition from electronic device companies.
Shares were falling more than 2%.
Dell(DELL) , the PC maker, is close to an agreement to sell itself to a buyout group led by founder and CEO Michael Dell and private-equity firm Silver Lake Partners, Reuters reported, citing two people familiar with the matter.
A deal could possibly be announced as soon as Monday, Reuters reported.
Shares were popping more than 5%.
Bristol-Myers Squibb (BMY) is seeking a buyer for a collection of brands in Mexico and Brazil that could fetch as much as $750 million, The Wall Street Journal reported, citing people familiar with the matter.
Shares were trading sideways.
-- Written by Andrea Tse in New York.
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