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Feb. 6 Premarket Briefing: 10 Things You Should Know (Update 1)

Here are 10 things you should know for Thursday, Feb. 6:  

1.-- U.S. stock futures were steady Thursday ahead of jobless claims data, and after the European Central Bank left key lending rates unchanged.

Asian stocks finished the trading session mixed. Japan's Nikkei 225 index declined 0.2%

2.-- The economic calendar in the U.S. Thursday includes weekly initial jobless claims at 8:30 a.m. EST, trade balance data for December at 8:30 a.m., and preliminary productivity and unit labor costs for the fourth quarter at 8:30 a.m.

3.-- U.S. stocks finished Wednesday's trading session bouncing off intraday lows as better-than-forecast services data offset mixed labor market data.

The S&P 500 fell 0.2% to 1,751.64 after declining as much as 1% earlier in the day. The Dow Jones Industrial Average finished little changed at 15,440.23 while the Nasdaq fell 0.5% to 4,011.55.

4.-- Twitter (TWTR) posted fourth-quarter earnings on Wednesday that beat Wall Street expectations, but the report showed the company is barely adding any users.

San Francisco-based Twitter, the microblogging site, earned 2 cents a share on revenue of $242.7 million in the fourth quarter. Advertising revenue surged 121% year over year to $220 million. The company noted that mobile advertising revenue was more than 75% of total advertising revenue. 

Analysts were looking for Twitter to post a fourth-quarter loss of 2 cents a share on sales of $217.8 million.

The company ended the December quarter with 241 million monthly active users (MAUs), up 30% year over year, with the majority, 184 million, via mobile. The 241 million users was an increase of just 9 million from the prior quarter.

Twitter shares fell 21.3% to $51.91 in premarket trading on Thursday.

5.-- Sony (SNE) acknowledged on Thursday that it was in talks to sell its troubled Vaio personal computer business, lowered its earnings forecast for the year ending in March, and said it would cut its global work force by about 3% or 5,000 people by the end of March 2015 as it restructures its PC, television and other businesses.

The Japanese electronics and entertainment maker also said it split off its money-losing TV division and run it as a wholly-owned subsidiary.

Sony said it's talking with investment fund Japan Industrial Partners to try to reach an agreement by the end of March to sell its PC business. 

Sony said it would post a loss for the fiscal year, instead of the 30 billion yen ($295 million) profit it forecast in October.

Sony shares fell 5.5% in premarket trading to $15.03.

6.-- Walt Disney's (DIS) earnings for its fiscal first quarter jumped 33% to $1.84 billion, helped by the movie "Frozen" and sales of video game "Disney Infinity." 

Adjusted first-quarter earnings of $1.04 a share topped analysts' expectations of 92 cents a share.. Revenue rose 9% to $12.31 billion; analysts were looking for revenue of $12.25 billion.

The stock rose 3.9% in early trading to $74.56.

7.-- General Motors (GM) missed Wall Street estimates as fourth-quarter earnings slipped in Asia and Europe.

The automaker reported net income excluding items of 67 cents a share. Analysts surveyed by Thomson Reuters had estimated 87 cents. Revenue rose 3% to $40.5 billion. Analysts had estimated $41 billion.

GM shares fell 4.2% to $33.75.

8.-- Green Mountain Coffee Roasters  (GMCR) is selling nearly 16.7 million shares or a 10% stake in the company to Coca-Cola  (KO) for about $1.25 billion. 

The exclusive deal is part of a 10-year agreement to develop and sell Coca-Cola's portfolio of brands for use in Green Mountain's Keurig-branded home appliance for making cold beverages.

Green Mountain shares rose 41.2% in premarket trading to $114.20.

9.-- Analysts expect LinkedIn (LNKD), the social network for professionals, to report fourth-quarter earnings after Thursday's closing bell of 38 cents a share on revenue of $437.8 million. 

10.-- The initial hacking into Target's (TGT) network was traced back to network credentials stolen from Fazio Mechanical Services, a Sharpsburg, Penn.-based provider of refrigeration and HVAC systems, sources told KrebsOnSecurity.


The attackers first broke into the retailer's network on Nov. 15, 2013, the sources said.

-- Written by Joseph Woelfel

To contact the writer of this article, click here:Joseph Woelfel

To submit a news tip, send an email to:tips@thestreet.com.

Follow @josephwoe58

Twitter (TWTR_) was plunging 13.6% to $57 in afterhours trading even after its quarterly EPS and sales results blew past estimates, amid disappointing user growth numbers. The company reported a year-over-year increase of 30% in average monthly active users to 241 million.

The automaker reported net income excluding items of 67 cents a share. Analysts surveyed by Thomson Reuters had estimated 87 cents. Revenue rose 3% to $40.5 billion. Analysts had estimated $41 billion.

Copyright 2014 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

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