Bank Of America, Google Earnings Pull Futures Down

NEW YORK (AP) — Stocks are poised to open lower after two bellwether companies missed Wall Street earnings estimates.

Google Inc. reported earnings after the market closed Thursday that missed analysts’ earnings estimates, in part because it is in the midst of a hiring spree. The stock fell 5.6 percent in
pre-market trading.

Bank of America Corp. announced Friday that its earnings and revenue fell in the first quarter compared with last year. Its stock slipped 0.1 percent in pre-market trading.

Ahead of the opening bell, Dow Jones industrial average futures are down 25, or 0.2 percent, to 12,203. S&P 500 futures are down 2, or 0.2 percent, to 1,308. Nasdaq 100 futures are down 3, or 0.1 percent, to 2,298.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

One Comment

  1. Darren Hayes says:

    This recession is hurting everyone. A whole .1 percent B of A? What on earth will they ever do. I hope they find the culprits whom have started this recession. Thank God the government used our tax dollars to help save these poor people. I mean I would hate to think what these executives would have to do if they didn’t get their multiple million dollar bonuses. God forbid anyone at BofA would have their home foreclosed. (can you smell the sarcasm?)

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