Dow futures dip, Tesla sheds 5.9% after earnings

  • Stock Market News
Dow futures dip, Tesla sheds 5.9% after earnings
Credit: © Reuters.

By Oliver Gray - U.S. stock futures were trading lower during Wednesday's evening trade, after a mixed session among major benchmark averages as investors closely monitored earnings results from companies including Netflix (NASDAQ: NFLX ) and Morgan Stanley (NYSE: MS ).

By 19:00 ET (23:00 GMT), Dow Jones futures lost 0.1%, S&P 500 futures fell 0.2%, and Nasdaq 100 futures declined 0.3%.

In extended deals, Tesla (NASDAQ: TSLA ) fell 5.9% after the company reported Q1 EPS of $0.85 versus $0.86 expected. Revenues for the quarter came in at $23.3 billion versus $23.78B.

International Business Machines (NYSE: IBM ) added 1.7% after reporting Q1 EPS of $1.36 versus $1.27 expected, with revenues reported at $14.3B versus $14.37B.

F5 Networks (NASDAQ: FFIV ) fell 4.8% after reporting Q2 EPS of $2.53 versus $2.42 expected on revenues of $703 million versus $698.85M. The company forecasted Q3 2023 EPS in the range of $2.78-$2.90 versus $3.05 expected, with revenues in the range of $690M-$710M versus $747M expected.

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Ahead in Thursday's session, investors will be closely monitoring jobless claims , Philadelphia Fed manufacturing , and existing home sales data.

Among earnings, AT&T (NYSE: T ), AXP Energy (ASX: AXP ) (OTC: AUNXF ), Alaska Air Group (NYSE: ALK ), Blackstone Group (NYSE: BX ), and Nokia (HE: NOKIA ) (NYSE: NOK ) are among the companies scheduled to release results.

During Wednesday's trade, the Dow Jones Industrial Average fell 79.6 points or 0.2% to 33,879, while the S&P 500 and Nasdaq Composite both finished flat at 4,154.5 and 12,157.2, respectively.

On the bond markets, United States 10-Year rates were at 3.591%.

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