Dow futures little changed, Avid Bioservices tanks 21.1% after earnings
2023.06.21 19:49
© Reuters.
Investing.com – U.S. stock futures were trading in tight range during Wednesday’s evening deals, after major benchmark averages declined for the third consecutive session as Federal Reserve Chair Jerome Powell further interest rate rises in order to combat inflation .
By 7:00pm ET (11:00pm GMT) and were steady while lost 0.1%.
In extended deals, Avid Bioservices (NASDAQ:) shed 21.1% after Q4 EPS of $0.00 versus $0.01 expected on revenues of $39.8 million versus $38.91 million expected. The company also forecasted FY2024 revenue in the range of $145-165 million versus $181.27 million expected.
Ahead in Thursday’s session, investors will be looking towards Q1 data, , , and the as well as speeches from , , and .
Earnings results from companies including Accenture plc (NYSE:), Darden Restaurants Inc (NYSE:), Commercial Metals Company (NYSE:) and GMS Inc (NYSE:) will also be monitored.
During Wednesday’s regular trade the fell 102.4 points or 0.3% to 33,751.5, the dipped 23 points or 0.5% to 4,365.7 and the lost 165.1 points or 1.2% to 13,502.2.
On the bond markets, rates were at 3.727%.
