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Dow futures dip, Tesla sheds 5.9% after earnings

Published 20/04/2023, 08:53 am
© Reuters.
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By Oliver Gray

Investing.com - U.S. stock futures were trading lower during Wednesday's evening trade, after a mixed session among major benchmark averages as investors closely monitored earnings results from companies including Netflix (NASDAQ:NFLX) and Morgan Stanley (NYSE:MS).

By 19:00 ET (23:00 GMT), Dow Jones futures lost 0.1%, S&P 500 futures fell 0.2%, and Nasdaq 100 futures declined 0.3%.

In extended deals, Tesla (NASDAQ:TSLA) fell 5.9% after the company reported Q1 EPS of $0.85 versus $0.86 expected. Revenues for the quarter came in at $23.3 billion versus $23.78B.

International Business Machines (NYSE:IBM) added 1.7% after reporting Q1 EPS of $1.36 versus $1.27 expected, with revenues reported at $14.3B versus $14.37B.

F5 Networks (NASDAQ:FFIV) fell 4.8% after reporting Q2 EPS of $2.53 versus $2.42 expected on revenues of $703 million versus $698.85M. The company forecasted Q3 2023 EPS in the range of $2.78-$2.90 versus $3.05 expected, with revenues in the range of $690M-$710M versus $747M expected.

Stay ahead of the curve this earnings season with InvestingPro.

Ahead in Thursday's session, investors will be closely monitoring jobless claims, Philadelphia Fed manufacturing, and existing home sales data.

Among earnings, AT&T (NYSE:T), AXP Energy (ASX:AXP) (OTC:AUNXF), Alaska Air Group (NYSE:ALK), Blackstone Group (NYSE:BX), and Nokia (HE:NOKIA) (NYSE:NOK) are among the companies scheduled to release results.

During Wednesday's trade, the Dow Jones Industrial Average fell 79.6 points or 0.2% to 33,879, while the S&P 500 and Nasdaq Composite both finished flat at 4,154.5 and 12,157.2, respectively.

On the bond markets, United States 10-Year rates were at 3.591%.

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