Dow Futures Mixed, Nvidia Falls on Disappointing Guidance -Breaking
Investing.com – U.S. stock futures were mixed during Wednesday’s evening deals after major benchmark averages closed higher as investors digested the latest Federal Reserve and a fresh batch of corporate earnings reports.
At 6:45 ET (11:45 GMT), the market was flat at 0.1%, and had fallen 0.4% by 0.4%.
NVIDIA Corporation (NASDAQ 🙂 fell 6.2% in extended deals after NVIDIA Corporation’s weaker than expected guidance for its second quarter. On revenues of $8.29 Billion, Q1 earnings came in at $1.36 which beat expectations by $1.29 compared to $8.12 billion.
Snowflake Inc (NYSE:) tumbled 13.2% after guidance for operating margin came in narrower than expected. 52 cents Q1 loss per share for Snowflake Inc, and $422.4 million in revenue were reported instead of $412.76 million.
Nutanix Inc (NASDAQ): fell 30% after Q3 losses of 43 cents per share versus 22 cents anticipated. The quarter’s revenue was $403.7 million, compared to $397.87 millions expected.
Williams-Sonoma Inc (NYSE:) increased 8.8% Q1 earnings per share to $3.50. This beat estimates of $2.88. The quarter’s revenue was $1.89 Billion, compared to the $1.8 billion consensus estimate.
Guess? Inc (NYSE): Q1 earnings per share of $0.24 were higher than expected, and revenue was $593m versus $584.39m.
Meantime, Twitter Inc The stock index rose 6.1% following reports Elon Musk would secure $6.25bn in additional equity financing. This will also reduce the margin loan by zero.
Ahead in today’s session, investors will be paying close attention to , Q1 and fresh data. Among earnings, Macy’s Inc (NYSE:), Dollar Tree Inc Dollar General Corporation (NYSE 🙂 and (NASDAQ:) among those companies reporting results prior to the Thursday bell.
Rates on the bond market were 3.228%