Dow futures tick higher, Disney adds 5.8% after earnings
By Oliver Gray
Investing.com - U.S. stock futures were trading slightly higher during Wednesday's evening deals after major benchmark averages closed lower, with investors monitoring a fresh deluge of earnings results.
By 18:40 ET (23:40 GMT) Dow Jones futures and Nasdaq 100 futures were each 0.1% higher, while S&P 500 futures remained flat.
In extended deals, Walt Disney (NYSE: DIS ) added 5.8% after the company reported Q1 EPS of $0.99 versus expectations of $0.79, while revenues came in at $23.51 billion versus $23.43B expected.
Mattel (NASDAQ: MAT ) dipped 12.2% after reporting Q4 EPS of $0.18 versus $0.29 expected on revenues of $1.4B versus $1.69B expected.
Robinhood (NASDAQ: HOOD ) added 5.9% after reporting Q4 losses of $0.11 per share, slightly better than expected losses of $0.15, while revenue came in at $380 million versus $394.33M expected.
AppLovin (NASDAQ: APP ) popped 27.2% higher after reporting Q4 losses of $0.21, worse than expected earnings of $0.05 per share. Revenue was reported at $702M versus $691.48M expected.
Affirm Holdings (NASDAQ: AFRM ) sank 19.8% after the company reported Q2 losses of $1.10 per share versus expected losses of $1.00. Revenue came in at $400M versus $416.49M expected.
Ahead in Thursday’s trade, investors will be looking toward weekly jobless claims data, as well as a fresh batch of earnings reports from companies including Hilton Worldwide Holdings (NYSE: HLT ), PepsiCo (NASDAQ: PEP ), and Kellogg Company (NYSE: K ).
During Wednesday’s regular trade, the Dow Jones Industrial Average fell 207.7 points or 0.6% to 33,949, the S&P 500 lost 46.1 points or 1.1% to 4,117.9, and the Nasdaq Composite lost 203.3 points or 1.7% to 11,910.5.
On the bond markets, United States 10-Year rates were at 3.615%.
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