Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Dow futures tick higher, Zoom lifts 7.2% after earnings

Published 28/02/2023, 10:29 am
Updated 28/02/2023, 10:34 am
© Reuters.

© Reuters.

By Oliver Gray

Investing.com - U.S. stock futures were trading slightly higher during Monday's evening trade, extending gains from the regular session as market participants brace for a deluge of earnings results from major retailers throughout the week.

By 18:30 ET (23:30 GMT) Dow Jones futures, S&P 500 futures, and Nasdaq 100 futures were each 0.1% higher.

In extended deals, Zoom Video Communications Inc (NASDAQ:ZM) added 7.2% after the company reported Q4 EPS of $1.22 versus estimates of $0.81, while revenues came in at $1.12 billion versus $1.1B expected. The company also lifted Q1 2024 earnings guidance to $0.96-$0.98 per share versus $0.84 expected, with revenues of $1.08B-$1.085B versus $1.11B expected.

Workday (NASDAQ:WDAY) dipped 2.7% after reporting Q4 EPS of $0.99, above expectations of $0.89 on revenues of $1.65B versus $1.63B expected.

Clarus (NASDAQ:CLAR) tanked 17.4% after the company reported Q4 EPS of $0.20 versus $0.02 expected on revenues of $104.2 million versus $101.12 million expected.

Progyny (NASDAQ:PGNY) added 13.8%, reporting Q4 EPS of $0.03 versus $0.01 expected on revenues of $214.3 million versus $211.78 million expected.

Ahead in Tuesday's session, investors will be looking toward CB consumer confidence, S&P Case-Shiller's Home Price Index, and the Chicago PMI.

Meanwhile, earnings results from companies including Target Corporation (NYSE:TGT), Bank of Nova Scotia (TSX:BNS), Monster Beverage Corp (NASDAQ:MNST), HP Inc (NYSE:HPQ), Rivian Automotive Inc (NASDAQ:RIVN), Norwegian Cruise Line Holdings Ltd (NYSE:NCLH), and AMC Entertainment Holdings Inc (NYSE:AMC) will be closely monitored by market participants.

During Monday's regular trade, the Dow Jones Industrial Average added 72.2 points or 0.2% to 32,889.1, the S&P 500 gained 12.2 points or 0.3% to 3,982.2, and the NASDAQ Composite added 72 points or 0.6% to 11,467.

On the bond markets, United States 10-Year rates were at 3.922%.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.