U.S. stock futures are up today on high earnings posted by Dell and the Genzyme Sanofi-Aventis deal going through for $20.1 billion.
Investors are also waiting for January’s producer price index to be released later this morning and minutes from the Federal Reserve’s Federal Open Market Committee.
Besides Apple’s new digital content subscription service there was a bunch of good earnings news out today. Here is a roundup
- Dell, Comcast and ValueClick posted big gains
- Dean Foods will post earnings today
- Nelson Peltz offered to buy Family Dollar Stores for $6.95 billion
ACQUISITION DEAL: Trian Group offered to buy Family Dollar Stores for $55 to $66 per share or at least $6.95 billion in cash
EARNINGS BEAT: Dell blew past analyst expectations with $0.53 per share on revenue of $15.7 billion and shot up 6% in after-hours trading
EARNINGS BEAT: ValueClick beat the street with $0.26 per share on revenue of $21 million. It jumped over 10% in after hours.
DEAL finalised: Sanofi-Aventis agreed to buy Genzyme for $20.1 billion. Genzyme earnings are expected today.
EARNINGS BEAT: Comcast beat analyst expectations coming in with an EPS of $0.36 on revenue of $9.7 billion
EARNINGS BEAT: Sapient came out ahead of expectations with revenue of $15.7 million or $0.11 per share for the quarter
EARNINGS BEAT: Deere beat the street with an EPS of $1.20 per share on $513 million for the first quarter
EARNINGS WATCH: Dean Foods is scheduled to post earnings of $0.14 per share on revenues of $3.20 billion today
NEW SUBSCRIPTION SERVICE: Apple is launching a subscription service for digital content that make a major impact on media firms
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