GE beats estimates
Shares of General Electric have fallen more than 6 percent in early trading on Friday after the industrial conglomerate said it earned $2.9 billion, or 26 cents per share in the second quarter. Analysts had expected earnings of 23 cents per share, according to Thomson Reuters.
Mattel tops views
Mattel Inc shares were up more than 4 percent in early trading after the toymaker reported better than expected profit for the second quarter on Friday as cost cuts helped offset lower sales. The company earned a net profit of $21.5 million, or 6 cents per share. Analysts had expected earnings of 1 cent per share, according to Reuters Estimates.