US Stock Futures Up As Investors Await Time Warner, Kellogg Earnings; Las Vegas Sands Shares Drop In Pre-Market Trading

US stock futures are slightly higher this morning, as investors are awaiting earnings reports from Time Warner Inc TWX and Kellogg Co K. Futures on the Dow Jones Industrial Average gained 20 points to 12,769.00 and futures on the S&P 500 stock index rose 1.80 points to 1,353.90. Nasdaq 100 futures gained 1 point to 2,390.75. On Tuesday, the Dow Jones industrial average gained 0.15 point to 12,807.51, the broader Standard & Poor's 500 index declined 0.34% to 1,356.62 and the NASDAQ composite index fell 0.78% to 2,841.62. The ADP employment survey for April will be released at 8:15 a.m. ET. The ISM non-manufacturing index for April will be released at 10 a.m. ET. Shares of Las Vegas Sands Corp LVS dipped about 8.9% in pre-market trading after the company reported weaker-than-expected adjusted earnings for the first quarter. PG&E Corp PCG is expected to post its Q1 earnings at $0.81 per share on revenue of $3.59 billion. Whole Foods Market Inc WFMI is estimated to post its Q2 EPS at $0.46 on revenue of $2.37 billion. Time Warner Inc is projected to report its Q1 EPS at $0.57 on revenue of $6.45 billion. Metlife Inc MET is projected to report its Q1 earnings at $1.26 per share on revenue of $15.89 billion. Electronic Arts Inc ERTS is projected to post its Q4 earnings at $0.22 per share on revenue of $923.88 million. AOL Inc AOL is expected to report its Q1 EPS at $0.17 on revenue of $536.35 million. News Corp NWSA is projected to post its Q3 earnings at $0.27 per share on revenue of $8.42 billion. Computer Sciences Corp CSC is projected to post its FQ4 earnings at $1.56 per share on revenue of $4.27 billion. Kellogg Co is estimated to report its Q1 EPS at $1.03 on revenue of $3.40 billion. Marsh & McLennan Companies Inc MMC is expected to post its Q1 EPS at $0.56 on revenue of $2.83 billion. CBS Corp CBS reported its Q1 net income at $202 million, or $0.29 per share, versus a loss of $26 million, or $0.04 per share, in the year-ago period. The company's last year net income came in at $0.05 per share after excluding special items. The company's revenue declined to $3.51 billion. However, analysts were expecting earnings of $0.19 per share on revenue of $3.46 billion. The company raised its quarterly dividend to $0.10 per share from $0.05 per share. McKesson Corp MCK reported a higher-than-expected FQ4 profit. The company posted its quarterly net profit at $422 million, or $1.62 per share, versus a profit of $348 million, or $1.26 per share, in the year-earlier period. Excluding acquisition-related expenses of $0.04 per share for McKesson's purchase of US Oncology, the company's earnings came in at $1.66 per share, versus analysts' estimates of $1.60 per share. McKesson projects FY12 adjusted earnings of $5.55 to $5.75 per share. Asian markets ended lower, with Australia's S&P/ASX 200 moving down 0.84% and China's Shanghai Composite dropping 2.26%. Hong Kong's Hang Seng Index dropped 1.35% and India's Sensex fell 0.40%. European markets were lower today. The STOXX Europe 600 Index has declined 0.10%, London's FTSE 100 Index moved down 0.44%. The US dollar dropped versus most other currencies. The dollar index (DXY) dropped 0.2% to 73.01. July silver contract fell $0.64 to $41.95 an ounce. Light, sweet crude for June delivery fell 0.2% to $110.78 a barrel on the New York Mercantile Exchange (NYMEX). Read more from Benzinga's Markets.