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NEW YORK (CNNMoney) -- U.S. stock futures were higher Thursday, as investors digested the latest corporate results ahead of several key economic reports.
Dow component Procter & Gamble (PG, Fortune 500) reported mixed quarterly results, but maintained its outlook for the full year. Rival consumer products maker Colgate (CL, Fortune 500) said earnings rose in the past quarter, even as sales declined. Colgate also announced a restructuring plan that includes cutting its workforce by 6% over the next four years.
Unilever (UL), another consumer name, reported solid third-quarter results as growth in emerging markets offset weakness in developed economies.
Sprint (S, Fortune 500) reported a net loss in the third quarter that widened from the same period last year. Tech giants Apple (AAPL, Fortune 500) and Amazon (AMZN, Fortune 500) will report after the bell.
On the economic front, the government will offer its weekly report on first-time unemployment claims at 8:30 a.m. ET. Initial jobless claims for the week ended October 20 are expected to total 375,000, according to a survey of analysts by Briefing.com, down from 388,000 in the week prior.
The Census Bureau also reports data on durable goods orders before the bell. Then at 10 a.m. ET, data on pending home sales for September are due from the National Association of Realtors.
Durable orders for September are expected to have risen by 8%, while pending home sales for September are expected to have risen 2.4%.
U.S. stocks closed slightly lower Wednesday, after trading in a narrow range for most of the day.
Fear & Greed Index
In Europe, the UK government reported that the gross domestic product grew 1% in the third quarter, lifting the nation's economy out of recession.
European markets were higher in morning trading. Britain's FTSE 100 rose 0.2%, the DAX in Germany and France's CAC 40 added 0.6%.
Meanwhile, Asian markets ended mixed. The Shanghai Composite lost 0.7%, while the Hang Seng in Hong Kong gained 0.2%. The Nikkei jumped 1.1% on hopes the Bank of Japan will ease monetary policy when it meets next week.
Related: 5 hot emerging market blue chips
Companies: Zynga (ZNGA) shares surged 18% in premarket trading, after the social gaming firm reported sales on Wednesday that topped forecasts. Zynga also announced a partnership with bwin.party, an international gaming operator that will enable real money casino games like poker, slots and roulette in the UK.
Shares of F5 Networks (FFIV) sank 11% ahead of the bell, after the network technology firm reported quarterly earnings Wednesday that missed expectations.
Meanwhile, online security firm Symantec (SYMC, Fortune 500) jumped 10% in premarket trading, after offering strong guidance for the current quarter.
Currencies and commodities: The dollar fell against the euro and the British pound, but gained against the Japanese yen.
Oil for December delivery rose 75 cents to $86.47 a barrel.
Gold futures for December delivery rose $15.60 to $1,717.40 an ounce.
Bonds: The price on the benchmark 10-year U.S. Treasury fell, pushing the yield up to 1.843% from 1.78% late Wednesday.
First Published: October 25, 2012: 6:10 AM ET
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