Dow Jones Index Futures Head into Full Swing as Earnings Season By Investing.com
By Oliver Gray
Investing.com – U.S. stock futures traded higher on Tuesday evening after major benchmark averages fell for a second day on rising geopolitical tensions between the U.S. and China, House of Representatives Speaker Nancy Pelosi’s visit to Taiwan and more taunting remarks. From the regional Fed chair.
As of 7:10 pm ET (11:10 am GMT), shares were up 0.3%, up 0.1% and little changed.
In extended trade, PayPal (NASDAQ: Second-quarter EPS came in at $0.93, beating estimates of $0.87, while revenue came in at $6.81 billion, versus expectations of $6.77 billion.
Match Group (NASDAQ: ) fell 21.9% while the company reported a Q2 loss of $0.0 million per share. A second-quarter loss of $0.11 per share was worse than expected profit of $0.57 per share. Turnover was announced at $794.51 million against $804.33 million.
Advanced Micro Devices, Inc. (NASDAQ: ) lost 6% after having Q2 EPS of $1.05 vs. $1.03 expected on revenue of $6.55 billion vs. $6.53 billion.
SoFi Technologies Inc. (NASDAQ: ) gained 8% after losing $0.12 per share, versus the $0.14 expected, while revenue came in at $340.87 million versus $356.09 million.
SolarEdge Technologies (NASDAQ: ) fell 12.7% after posting Q2 EPS of $0.95, slightly better than the $0.88 expected, while revenue came in at $727.8 million versus $730.65 million.
Airbnb (NASDAQ: ) fell 8.5% after the company reported Q2 EPS of $0.56, which beat estimates of $0.45, on revenue of $2.1 billion, in line with expectations.
Starbucks (NASDAQ: ) rose 1.7% as the company reported third quarter EPS of $0.84. The company earned $0.84 per share in the third quarter, beating estimates of $0.77, while revenue hit $8.14 billion to $8.15 billion. expected
During Wednesday’s session, market participants will focus on impressions as well as monthly data, when second quarter results are expected. Moderna Inc (NASDAQ: ), CVS Health Corp (NYSE: ), Regeneron Pharmaceuticals Inc (NASDAQ: ) and under armor Inc. (NYSE: ).
In regular trading on Tuesday, it lost 402.2 points or 1.2% to 32,396.2, lost 27.4 points or 0.7% to 4,091.19 and lost 20.2 points or 0.2% to 12,348.76.
Interest rates in the bond market stood at 2.748%.