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🚨 NDVA surged 43%. This AI Chipmaker Could Be Next See Analysis
Dow futures tick higher, Zoom lifts 7.2% after earnings
Published Feb 28, 2023 10:29
Updated Feb 28, 2023 10:34
© 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%.
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