U.S. futures were relatively even, though slightly in the green premarket Thursday as indices look to continue the week on a positive note amid fluctuating crude prices.
Asian markets fared well today, with the Nikkei rising 2.7% and the Hang Seng climbing 1.8%. The Shanghai Composite was the lone laggard in Asia, falling 0.9% today. Europe was not as positive Thursday morning with the DAX declining 0.2% and the FTSE 100 and CAC 40 both falling 0.5% with about three hours left in trading.
Crude prices were doing their part to lift markets with industry benchmark Brent crude futures for June delivery rising $0.15 to $45.95 per barrel while West Texas crude contracts were up $0.07 to $44.25.
Shares of General Motors (GM) were advancing 4% premarket following the release of the company's first-quarter financial results. The American car manufacturer reported earnings of $1.26 per share, more than doubling its profit from a year ago. Revenue in the quarter rose 4.5%, year over year, to $37.3 billion.
Growth Seeker holding Under Armour (UA) was up 3% premarket following its latest earnings release. The sports apparel maker reported a first-quarter profit of $19.2 million for EPS of $0.04. Analysts, on average, were expecting the company to report earnings of $0.02 per share. Revenue of $1.05 billion was in line with Wall Street consensus.
American Express (AXP) shares were rising premarket following its quarterly earnings release. The company reported that profits fell 8%, year over year, to $1.45 per share, but still topped analysts' $1.36 expectations. Revenue for the quarter was up 2%, to $8.09 billion, though expenses during the quarter also advanced 5%.
Shares of United Continental (UAL) were down nearly 3% after reporting mixed quarterly results. The airline's profit during the quarter fell 25% to $1.23 per share, but still topped analysts' $1.18 projection. The company said that demand is not growing at the level of industry capacity.
Sony (SNE) could be under pressure today after the Japanese electronics company cut its full-year operating profit estimate by 9.4% from what it had previously projected.
Finally, toy-maker Mattel (MAT) was down 5% premarket after the company reported a net loss of $0.21 per share, wider than the $0.17 per share loss a year ago. This was due to a slip in Barbie doll sales, among other toys. The company had an adjusted loss of $0.13 per share, short of Wall Street's $0.07 per share loss expectations.