April 22, 2016 / 1:12 PM / in 2 years

BUZZ-U.S. STOCKS ON THE MOVE-McDonald's, Alphabet, Microsoft, AMD

(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 0.01 percent at 17,897, S&P 500 futures were down 0.02 percent at 2,082.25 and Nasdaq 100 futures were down 0.33 percent at 4,483.

** CATERPILLAR INC, Thursday close $78.66, +0.01 pct premarket

The world’s largest construction and mining equipment maker lowered its 2016 sales and earnings outlook and posted a lower first-quarter net profit on Friday as revenues declined in the company’s construction, oil and gas, mining and rail business segments.

** MCDONALD’S CORP, Thursday close $125.79, +1.76 pct premarket

The world’s biggest restaurant chain reported higher-than-expected quarterly sales and profit as its all-day breakfast and promotional offerings attracted more customers to its U.S. restaurants.

** ALPHABET INC, Thursday close $780, -4.81 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, -5.88 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, +5.43 pct premarket

** PERRIGO CO PLC, Thursday close $128.68, -4.80 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, +26.34 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, -3.40 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, -3.76 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, -0.90 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.

** LAKELAND INDUSTRIES INC, Thursday close $10.9, -14.95 pct premarket

The hazardous materials suit maker reported a 19 percent decline in fourth-quarter on Thursday. (Compiled by Sruthi Shankar in Bengaluru; Editing by Don Sebastian)

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