Updated from 9:19 a.m. EDT
As discussed Thursday, things weren't perfect, and year-over-year earnings declined at both, but Microsoft matched estimates and AmEx surprised to the upside. The new day brought more numbers from a DJIA component, this time 3M ( MMM). The company had first-quarter sales of $5.08 billion, down 21.3% from the prior year. Net income was cut nearly in half, and excluding items, 3M would have earned 81 cents a share. Double miss. Analysts were looking for a profit of 86 cents and revenue of $5.22 billion. Looking forward, it lowered its full-year earnings range by 40 cents to $3.90 to $4.30 a share. While that's bad, the consensus currently stands at $4.01, so it's actually not too far off from the expectations. Still, shares of 3M are indicated lower. Outside of quarterly reports, we're also awaiting some information on the government's bank stress tests a bit later. We're not going to know the results for a few more days, but we're at least supposed to get some details on the methodology used in the examinations. Doesn't look to be too much worry so far. Citigroup ( C), Bank of America ( BAC) and JPMorgan Chase ( JPM) were all trading higher in the premarket.