Wednesday, April 18, 2007

U.S. Stock-Index Futures Decline; IBM, Yahoo Shares Retreat on Earnings

(Bloomberg) -- U.S. stock-index futures dropped after earnings from International Business Machines Corp. and Yahoo! Inc. disappointed some investors, reviving concern profit growth is slowing.

IBM, the world's biggest computer-services company, fell in Europe after reporting first-quarter net income that failed to exceed analysts' estimates. Yahoo tumbled after profit and sales at the owner of the most-visited U.S. Web site trailed forecasts.


Read more at Bloomberg Stocks News

No comments: