Dow Futures Trade Lower, Amazon Tanks 12.7% After Earnings

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Dow Futures Trade Lower, Amazon Tanks 12.7% After Earnings
Credit: © Reuters.

By Oliver Gray 

Investing.com - U.S. stock futures fell during Thursday’s evening trade, after major benchmark indices finished the regular session mixed as investors digested a slew of earnings results from major technology companies.

By 19:10 ET (23:10 GMT) Dow Jones Futures fell 0.1%, S&P 500 Futures dipped 0.5%, and Nasdaq 100 Futures fell 0.7%.

In extended deals, Amazon.com Inc (NASDAQ: AMZN ) shed 12.7% after the company reported Q3 EPS of $0.28, above expectations of $0.22, while revenue came in at $127.1 billion versus $127.76 billion expected. Looking ahead, Amazon predicts Q4 2022 revenue of $140 billion-148 billion, versus $155.1 billion expected.

Apple Inc (NASDAQ: AAPL ) added 0.7% after reporting Q4 EPS of $1.29 versus $1.26 expected, while revenue came in at $90.1 billion versus $88.76 billion expected.

Intel Corporation (NASDAQ: INTC ) gained 5.5% after the company reported Q3 EPS of $0.59, better than $0.34 expected, while revenue was reported at $15.3 billion versus $15.43 billion.

Pinterest Inc (NYSE: PINS ) lifted 9.6% after the company reported Q3 EPS of $0.11, beating expectations of $0.06. Revenue came in at $685 million versus $665.54 million expected.

Vertex Pharmaceuticals Inc (NASDAQ: VRTX ) lifted 5.1% after reporting Q3 EPS of $4.01 versus $3.62 expected, on revenues of $2.33 billion versus $2.22 billion expected.

Gilead Sciences Inc (NASDAQ: GILD ) added 3.6% after reporting Q3 EPS of $1.90, beating $1.52 expected, while revenue came in at $7 billion versus $6.13 billion expected.

Ahead in Friday’s session, market participants will be looking towards personal consumption expenditures price index , Michigan consumer sentiment , and pending home sales data as well as earnings results from Chevron Corp (NYSE: CVX ), Exxon Mobil Corp (NYSE: XOM ) as well as Colgate-Palmolive Company (NYSE: CL ).

During Thursday’s regular session, the Dow Jones Industrial Average lifted 194.2 points or 0.6% to 32,033.3, the S&P 500 fell 23.3 points or 0.6% to 3,807.3, and the NASDAQ Composite lost 178.3 points or 1.6% to 10,792.7.

On the bond markets, United States 10-Year rates were at 3.927%.

 

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