Investing.com – Earnings reports from Dow Jones components came pouring in on Tuesday with mixed reaction in pre-market trade.
McDonald’s (NYSE:MCD) produced an earnings-per-share (EPS) of $1.25, compared to expectations of $1.38, while revenue came out mostly in line with the $6.24 billion forecast, after a decline of 3.5% to $6.27 billion. Shares fell more than 3% in the pre-market
Verizon (NYSE:VZ) reported mixed results with an EPS of $0.94, beating consensus by two cents, while revenue declined 5.2% to $30.53 billion, missing estimates for $32.0 billion. Shares lost more than 1%.
Caterpillar (NYSE:CAT) reported an EPS of $1.09, beating estimates for $0.96, while the 16.1% decrease in revenue to $10.34 billion still managed to be $280 million ahead of expectations. Despite the beat, the firm lowered its full year sales outlook and shares were down 1%.
DuPont (NYSE:DD) booked an EPS of $1.24, compared to analyst forecasts of $1.10, while revenue slipped $50 million less than expected to come in at $7.06 billion. Shares gained almost 1%.
United Technologies (NYSE:UTX) reported an EPS of $1.82, beating the forecast for $1.62, while the 1.2% advance in revenue to $14.87 billion, also topped estimates by $200 million. Shares traded up 1.5%.
3M (NYSE:MMM) beat by one cent with an EPS of $2.08, though revenue slipped by 0.3% to $7.67 billion, coming in under the consensus forecast of $7.74 billion. Shares were off 1.5%.
Meanwhile, U.S. futures were pointing to a mixed open with investors cautious as the Federal Reserve kicks off its two-day monetary policy meeting.
The blue-chip Dow futures fell 27 points, or 0.14%, by 12:09GMT, or 8:09AM ET, the S&P 500 futures slipped 1 point, or 0.03%, while the tech-heavy Nasdaq 100 futures traded up 7 points, or 0.15%.
Apple (NASDAQ:AAPL) will release earnings on Tuesday after the close. The iPhone maker is expected to report an EPS of $1.38 on revenue of $42.34 billion.