GE revenue miss; Mattel shares rally; Schlumberger jobs cuts pile up

Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.

Earnings continue to dominate the scene on Wall Street.

General Electric (GE) shares are on the move.  The company's adjusted earnings per share beat by a penny, but revenue fell short of estimates in the first quarter as the stronger dollar and weakness in its oil and gas businesses weighed on sales. This comes after GE unveiled it was selling most of its banking and real estate assets last week in a major restructuring.

American Express (AXP) shares are lower in early trading. The world's largest credit card issuer posting earnings per share that beat forecasts as customers increased spending and borrowing. However, revenue missed Wall Street views, falling 3% from a year earlier as the stronger dollar hurt sales and it announced it was ending its partnership with Costco (COST).

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Mattel (MAT) shares are higher this morning. The struggling toymaker reporting a narrower-than-expected loss of $0.08 a share in the first quarter. Revenue topped forecasts for the first time in six quarters as sales of Barbie and Fisher Price toys declined less than expected.

Cheap oil prices are translating into more job cuts in the industry.

Schlumberger (SLB) shares are up ahead of the open after the oil services company said its cutting an additional 11,000 jobs after profit fell 39% in the first-quarter. This brings the total number of layoffs at Schlumberger to 20,000 this year or 15% of its workforce.