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Dow futures steady, Disney moves 4.6% lower after earnings
Author
Published May 11, 2023 08:46
Updated May 11, 2023 09:41
© Reuters.
Investing.com - U.S. stock futures remained relatively flat on Wednesday night, following a mixed session among benchmark averages as fresh CPI hinted at cooling inflation pressures.
By 19:40 ET (23:40 GMT), Dow Jones futures and Nasdaq 100 futures were little changed while S&P 500 futures ticked 0.1% higher.
In extended deals, Walt Disney (NYSE:DIS) dipped 4.6% after reporting Q2 EPS of $0.93 versus $0.95 expected, while revenue came in at $21.82 billion versus $21.8B.
Unity Software (NYSE:U) added 10.5%, reporting Q1 losses of $0.67 per share versus expected losses of $0.60 per share reported last year. Revenue for the quarter came in at $500 million versus the consensus estimate of $481.46M.
Sonos (NASDAQ:SONO) dipped 22.7% after the company reported Q2 EPS of $0.04 versus expected losses of $0.27 per share, while revenue came in at $304.2M versus $295.93M expected.
Beyond Meat (NASDAQ:BYND) fell 0.9% after reporting Q1 losses of $0.92 per share versus expected losses of $1.02 per share. Revenue was reported at $92.2M versus $91.7M.
Ahead in Thursday's session, market participants will be looking towards jobless claims and fresh producer price index data.
During Wednesday's regular trade, the Dow Jones Industrial Average lost 30.5 points or 0.1% to 33,531.3, the S&P 500 gained 18.5 points or 0.5% to 4,137.6, and the Nasdaq Composite lifted 126.9 points or 1% to 12,306.4.
On the bond markets, United States 10-Year rates were at 3.436%.
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