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Dow futures tick higher, Intuit falls 4.9% after earnings

Published 24/05/2023, 09:17 am
© Reuters.
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Investing.com - U.S. stock futures were trading slightly higher during Tuesday's evening deals, following a negative session among benchmark averages amid ongoing debt-ceiling negotiations and quarterly earnings results.

By 19:15 ET (23:15 GMT), Dow Jones futures, S&P 500 futures,and Nasdaq 100 futures were trading 0.1% higher apiece.

Analyze Q1 earnings results with InvestingPro.

In extended deals, Intuit (NASDAQ:INTU) dipped 4.9%, reporting Q3 EPS of $8.92 versus $8.49 expected on revenues of $6.02 billion versus $6.09B expected.

Urban Outfitters (NASDAQ:URBN) lifted 9.3% after the company reported Q1 EPS of $0.56 versus $0.36 expected, while revenue was reported at $1.11B versus $1.09B expected.

Palo Alto Networks (NASDAQ:PANW) added 4%, reporting Q3 EPS of $1.10 versus $0.93 expected on revenue of $1.72B which was in line with expectations.

Agilent Technologies (NYSE:A) fell 7.3% after the company reported Q2 EPS of $1.27 versus $1.26 expected, while revenue came in at $1.72B versus $1.67B expected.

Ahead in Wednesday's session, investors will be looking towards FOMC meeting minutes and a speech from Treasury Secretary Yellen, while earnings are set to continue with companies including Nvidia Corporation (NASDAQ:NVDA), American Eagle Outfitters Inc (NYSE:AEO, Snowflake Inc (NYSE:SNOW), and Kohl’s Corp (NYSE:KSS) scheduled to release results.

During Tuesday's trade, the Dow Jones Industrial Average fell 231.1 points or 0.7% to 33,055.5, the S&P 500 lost 47.1 points or 1.1% to 4,145.6, and the Nasdaq Composite fell 160.5 points or 1.3% to 12,560.3.

On the bond markets, United States 10-Year rates were at 3.698%.

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