NEW YORK (Reuters) – Stock index futures pointed to a slightly higher open for equities on Wall Street on Wednesday, with futures for the SP 500, the Dow Jones and the Nasdaq 100 rising 0.2 to 0.3 percent.
Walt Disney Co’s quarterly revenue fell short of Wall Street’s expectations after the movie studio put in a poor showing, but profit grew at a faster-than-expected 12 percent clip as media networks and theme parks held up in an uncertain economy.
Western Union, the world’s largest payment transfer company, posted a higher fourth-quarter profit, but forecast full-year earnings below market expectations on macro-economic challenges.
Groupon reports its first results as a public company and the market will be keen to see if the largest daily deal website makes its first quarterly profit. Groupon is expected to report earnings of 3 cents per share on revenue of $475 million, according to Thomson Reuters I/B/E/S.
Visa is expected to post a profit of $1.45 per share, up from $1.23 per share in the quarter, helped by a rise in consumer spending in the holiday season.
Other companies announcing results include Sprint Nextel, Cisco Systems, News Corp, Moody’s Corp and Time Warner.
The Mortgage Bankers Association releases at 1200 GMT Weekly
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