Dow Futures Mixed, Nvidia Falls on Disappointing Guidance

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Dow Futures Mixed, Nvidia Falls on Disappointing Guidance
Credit: © Reuters.

By Oliver Gray 

Investing.com - U.S. stock futures were mixed during Wednesday’s evening deals after major benchmark averages closed higher as investors digested the latest Federal Reserve meeting minutes and a fresh batch of corporate earnings reports.

By 6:45pm ET (10:45pm GMT) Dow Jones Futures were flat, S&P 500 Futures fell 0.1% and Nasdaq 100 Futures dipped 0.4%.

In extended deals, NVIDIA Corporation (NASDAQ: NVDA ) moved 6.2% lower after the company reported weaker-than-expected guidance for the second quarter. Q1 EPS came in at $1.36, beating expectations of $1.29 on revenues of $8.29 billion versus $8.12 billion expected.

Snowflake Inc (NYSE: SNOW ) tumbled 13.2% after guidance for operating margin came in narrower than expected. The company reported Q1 losses per share of 53 cents, while revenue for the quarter came in at $422.4 million versus $412.76 million expected.

Nutanix Inc (NASDAQ: NTNX ) fell 30.5% after the company reported Q3 losses per share of 43 cents versus 22 cents expected. Revenue for the quarter came in at $403.7 million versus $397.87 million expected.

Williams-Sonoma Inc (NYSE: WSM ) added 8.8% reported Q1 EPS of $3.50, beating estimates of $2.88. Revenue for the quarter came in at $1.89 billion versus the consensus estimate of $1.8 billion.

Guess? Inc (NYSE: GES ) lifted 1.2% after reporting Q1 EPS of $0.24 versus estimates of $0.29, while revenue for the quarter came in at $593 million versus estimates of $584.39 million.

Meantime, Twitter Inc (NYSE: TWTR ) moved 6.1% higher after reports that Elon Musk will secure an additional $6.25 billion in equity financing and reduce the margin loan to zero.

Ahead in today’s session, investors will be paying close attention to weekly jobless claims , Q1 GDP and fresh pending home sales data. Among earnings, Macy’s Inc (NYSE: M ), Dollar Tree Inc (NASDAQ: DLTR ) and Dollar General Corporation (NYSE: DG ) are among the companies that report results before the bell on Thursday.

On the bond markets, United States 10-Year rates were at 3.228%.

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