Dow futures tick lower, Semtech up 10.2% after earnings

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Dow futures tick lower, Semtech up 10.2% after earnings

By Oliver Gray 

Investing.com - U.S. stock futures were slightly lower during Wednesday's evening trade, after major benchmark indices posted gains during the regular session as recovering risk sentiment boosted financial and technology companies.

By 18:50 ET (22:50 GMT) Dow Jones futures and  Nasdaq 100 futures fell 0.1% apiece, while S&P 500 futures were flat.

In extended deals, Semtech (NASDAQ: SMTC ) fell 10.2% after reporting Q4 EPS of $0.47 versus estimates of $0.48 while revenue came in at $167.5 million versus $150.09M expected.

Sprinklr (NYSE: CXM ) added 13%, reporting Q4 EPS of $0.06 versus $0.02 expected on revenues of $165.3M (NYSE: MMM ) versus $162.78M expected.

RH (NYSE: RH ) dipped 5.4% reported Q4 EPS of $2.88 versus $3.33 expected on revenues of $772M versus $777.27M expected.

On Thursday, market participants will be looking towards fresh GDP and jobless claims data, as well as speeches from the FOMC's Barkin and the Fed's Yellen .

The Dow Jones Industrial Average added 323.4 points or 1%, to 32,717.6, the S&P 500 added 1.4% to 4,027.81, and the Nasdaq Composite lifted 1.8% to 11,926.24.

On the bond markets, United States 10-Year rates were at 3.566%.

 
 

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