Dow Futures Trade Lower as Earnings Continue
By Oliver Gray
Investing.com - U.S stock futures fell during Thursday’s evening deals, after major benchmark averages finished higher during the regular session, with investors remaining squarely focused on Q2 corporate earnings results.
By 7:00pm ET (11:00pm GMT) Dow Jones Futures were down 0.2%, S&P 500 Futures dipped 0.4%, and Nasdaq 100 Futures fell 0.7%
In extended deals, Snap Inc (NYSE: SNAP ) tumbled 26.4% after reporting Q2 losses per share of $0.26, beating estimates of $0.20, while revenue came in at $1.11 billion versus $1.15 billion expected.
Seagate Technology PLC (NASDAQ: STX ) fell 10.9% after the company reported Q4 EPS of $1.59 versus $1.9 expected on revenue of $2.63 billion versus $2.8 billion.
Boston Beer Company Inc (NYSE: SAM ) dropped 9.6% after reporting Q2 EPS of $4.31, below expectations of $4.79, while revenues came in at $616.2 million versus $628.99 million.
Intuitive Surgical Inc (NASDAQ: ISRG ) dropped 12.6% after the company reported Q2 EPS of $1.14 versus $1.2 expected on revenue of $1.52 billion versus $1.56 billion expected.
Capital One Financial Corporation (NYSE: COF ) dropped 5.3% after reporting Q2 EPS of $4.96, below estimates of $5.1 while revenue came in at $8.23 billion versus estimates of $8.3 billion.
Mattel Inc (NASDAQ: MAT ) fell 2.4% after reporting Q2 EPS of $0.18 beating estimates of $0.06. Revenues were at $1.24 billion versus estimates of $1.1 billion.
Ahead in the session, investors are awaiting results from American Express Company (NYSE: AXP ), Verizon Communications Inc (NYSE: VZ ), Schlumberger NV (NYSE: SLB ), and Twitter Inc (NYSE: TWTR ) among others, as well as fresh preliminary Manufacturing and Services PMIs.
During Thursday’s regular session, The Dow Jones Industrial Average added 162.06 points or 0.51% to 32,036.90, the S&P 500 rose 1% to 3,999, and the NASDAQ Composite finished 1.36% higher at 12,059.6.
On the bond markets, United States 10-Year yields were lower at 2.882%.
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