Dow Futures Ease As Retail Earnings Continue -Breaking
Investing.com – U.S. stock futures were trading lower during Thursday’s evening deals, after major benchmark averages finished regular trade higher amid positive earnings results from major retailers.
At 6:45 PM ET (11:45 GMT), the stock was down 0.1%, while trading flat.
Ulta Beauty Inc. (NASDAQ:) raised 6.8% following the Q1 earnings per share of $6.28. Analyst estimates were $4.44 higher. Revenue was $2.35 Billion, compared to $2.12 billion anticipated. It also provided better-than expected forward guidance to the entire year.
Gap Inc (NYSE 🙂 lost 12.9% in Q1 after losing 44 cents per share, which was worse than the expected loss of 13 cents. On a comparison of $3.44 trillion and $3.48 Billion, revenue was $3.48Billion. The profit outlook was also cut by the company.
Dell Technologies Inc. (NYSE:) increased 7.9% following Q1 EPS at $1.84. This is versus the $1.40 that was expected for revenue of $26.1 million versus $25.12 trillion.
Costco Wholesale Corp (NASDAQ 🙂 saw its quarterly sales improve by 2.1%, but the company’s share price dropped 2.1% The Q3 earnings per share of Costco Wholesale Corp (NASDAQ:) was $3.17 higher than the $3.06 anticipated. The revenue came in at $52.6 million, compared to $51.28 billion as expected.
Marvell Technology Group Ltd (NASDAQ:). Q1 earnings per share of $0.52 rose 2.6%, surpassing analyst expectations of $0.51. Quarterly revenue was $1.45 billion, compared to $1.43 billion.
American Eagle Outfitters Inc (NYSE: ) declined 11.9% in Q1 after EPS of $0.16. This was compared to $0.25 for revenues of $1.06 and $1.14 billion.
Participants in the market will monitor new and updated data ahead of the session.
During Thursday’s regular session, the added 516.9 points or 1.6% to 32,637.2, the added 79.1 points or 2% to 4,057.9 and the gained 305.9 points or 2.7% to 11,740.7.
The yields on the bond market were 2.742%.