Stock futures predicted a slightly positive start, reflecting strong earnings report from Citigroup. The largest U.S. bank reported Q1 profit rise of 4% on revenue growth from foreign operations. In other earnings news, Wachovia Corp. said that its Q1 net income advanced to $1.09 a share, up from $1.01 a share a year earlier, but missed estimates of $1.12 a share. Knight Ridder reported Q1 profit decrease of 42 cents a share from 79 cents last year, despite revenue increase. |
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