Analysts are expecting the global technology firm to report earnings per share of $3.03, compared with $2.61 a year earlier.
IBM shares were falling 0.3% to $175.02 in premarket trading Monday.
Greenhill ( GHL ) reported second-quarter earnings of 69 cents a share versus the average analyst estimate of 33 cents. The investment bank reported earnings per share of 57 cents the same time last year. Greenhill rushed out second-quarter earnings ahead of schedule on Sunday as the U.S. investment bank sought to calm investor fears following the departure of senior executives. Greenhill shares were rising 7.1% to $49.80.
British banks were tumbling in premarket trading as JPMorgan warned that based on a tougher 7% capital target in banking stress tests, U.K. banks would see a shortfall of €25 billion. British bank Lloyds (LYG) was tumbling 3.9% to $2.72, Barclays (BCS) was falling 3.6% to $13.99 and HSBC (HBC) was lower by 1.1% to $47.92. Royal Bank of Scotland (RBS) was down 4.2% to $10.84.
Philips (PHG) shares were falling 1.9% to $24.20 after the company reported second-quarter net loss of €1.30 billion ($1.80 billion) vs. net profit of €259 million a year ago.
Banking services company Charles Schwab (SCHW) reported second-quarter profit of 20 cents a share versus the consensus estimate of 19 cents a share. The company posted profit of 17 cents a share a year ago. Shares were rising 1.3% to $15.21.
Oilfield services company Halliburton (HAL) posted second-quarter profit of 81 cents a share versus the average analyst estimate of 74 cents a share. The company reported earnings of 52 cents a share a year ago. Shares were up 1.1% to $53.67.
Delta Air Lines (DAL) is expected to report second-quarter profit of 47 cents a share Monday, down from last year's profit of 65 cents a share. Shares were rising 0.5% to $8.45.
Children's and family leisure products company Hasbro (HAS) posted second-quarter earnings of 33 cents a share versus the average analyst estimate of 39 cents a share. The company reported earnings of 29 cents a share a year ago. Shares of Hasbro were down 0.4% to $41.20.
Appliance and tool company Stanley Black and Decker (SWK) is expected to report second-quarter profit of $1.26 a share after the markets close Monday. -- Written by Andrea Tse in New York.
>To contact the writer of this article, click here: Andrea Tse.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV