US Stock Futures Flat As Investors Await Earnings Reports, Economic Data

US stock futures are trading flat this morning, as investors are awaiting earnings reports from many companies and economic data on weekly jobless claims. Futures for the Dow Jones Industrial Average gained 15 points to 11,951, while those for the S&P 500 fell 2.10 points to 1,291.50. Futures for the Nasdaq 100 rose 2.50 points to 2,321. The Dow Industrials gained 8.25 points or 0.07% yesterday. Economic data on weekly jobless claims and December durable-goods orders will be released at 8:30 a.m. ET. However, data on pending home sales will be released at 10 a.m. ET. Caterpillar CAT is expected to report its Q4 earnings at $1.27 per share on revenue of $11.63 billion. Microsoft Corp MSFT is projected to report its Q2 EPS at $0.68 on revenue of $19.14 billion. AT&T T is expected to report its earnings at $0.54 per share on revenue of $31.47 billion in fourth-quarter. Amazon.com AMZN is projected to report its Q4 EPS at $0.88 on revenue of $12.98 billion. SanDisk Corp SNDK is projected to report its Q4 earnings at $1.09 per share on revenue of $1.31 billion. Netflix NFLX reported 52% surge in its Q4 profit. The company reported its earnings at $47 million, or $0.87 per share, up from $31 million, or $0.56 per share, in the year-ago period. NFLX's revenue increased 34% to $596 million. However, analysts were expecting earnings of $0.71 per share on revenue of $596.4 million. The company also issued stronger-than-expected Q1 projections. Starbucks SBUX reported its FQ1 profit at $346.6 million, or $0.45 per share, up from $241.5 million, or $0.32 per share, in the year-earlier period. The company's revenue increased about 8% to $3 billion. However, analysts were expecting earnings of $0.39 per share on revenue of $2.93 billion. Starbucks projected FY11 earnings of $1.44 to $1.47 per share, down from analysts' estimates of $1.49 per share. Danaher Corp DHR reported its Q4 adjusted EPS at $0.67, versus the consensus of $0.66. DHR reported its Q4 revenue at $3.61 billion, versus the estimates of $3.49 billion. Time Warner Cable TWC reported its Q4 EPS at $1.09, beating the consensus of $1. TWC reported its Q4 revenue at $4.8 billion, versus the estimates of $4.75 billion. Positive sentiment ruled the European markets today. While STOXX Europe 600 Index has gained 0.14%, London's FTSE 100 Index moved up 0.16%. Mostly Asian markets ended higher, with Japan's Nikkei Stock Average adding 0.74%, Australia's S&P/ASX 200 moving down 0.04% and China's Shanghai Composite gaining 1.49%. Standard & Poor's lowered Japan's long-term debt rating from AA to AA minus. The dollar gained 0.7% to ¥82.73. Gold futures for February delivery gained $4.90 to $1,337.90 an ounce. Read more from Benzinga's Markets.

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