April 22, 2016 / 11:47 AM / 2 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Alphabet, Microsoft, Valeant, GE, Visa

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock index futures were little changed on Friday ahead of a slew of earnings reports by industry bellwethers such as Caterpillar and McDonald's. Dow Jones industrial average futures were down 0.02 percent at 17,896, S&P 500 futures were up 0.11 percent at 2,085 and Nasdaq 100 futures were down 0.08 percent at 4,494.25.

** ALPHABET INC, Thursday close $780, -4.91 pct premarket

Google’s parent company missed Wall Street targets for first-quarter profit and revenue on Thursday as it spent more money to build traffic for its mobile advertising services.

** MICROSOFT CORP, Thursday close $55.78, -4.54 pct premarket

The software company reported results that fell short of analysts’ expectations, showing its high-profile cloud business cannot quite make up for a slowing personal-computer market.

** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Thursday close $33.35, +6.45 pct premarket

** PERRIGO CO PLC, Thursday close $128.68, -3.64 pct premarket

Drugmaker Valeant is seeking to appoint Perrigo boss Joseph Papa as its new chief executive, a source familiar with the matter said.

** ADVANCED MICRO DEVICES INC, Thursday close $2.62, +22.90 pct premarket

The struggling chipmaker’s forecast implied that the company could post a surprise rise in current-quarter revenue, ending a run of six quarters of declines, helped by strong demand for its chips and a new licensing deal.

** STARBUCKS CORP, Thursday close $60.64, -3.61 pct premarket

The world’s largest coffee chain posted quarterly cafe sales that missed analysts’ growth estimates for every region where it operates and issued a disappointing full-year forecast.

** VISA INC, Thursday close $80.79, -3.29 pct premarket

The world’s largest payments network operator lowered its full-year revenue forecast blaming lack of improvement in cross-border spending.

** GENERAL ELECTRIC CO, Thursday close $30.98, -1.10 pct premarket

The U.S. conglomerate reported a higher-than-expected first-quarter profit on Friday, but organic revenue fell 1 percent, raising questions about the company’s full-year revenue target.

** HONEYWELL INTERNATIONAL INC, Thursday close $114.92, +0.07 pct premarket

The aircraft equipment maker posted a 6.3 percent rise in quarterly profit, helped by strength in its automation and climate control systems businesses.

** AUTONATION INC, Thursday close $48.05

The largest U.S. auto dealership chain reported a 14 percent fall in quarterly profit as costs rose. (Compiled by Sruthi Shankar in Bengaluru; Editing by Don Sebastian)

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