Dow Futures Mixed, Nvidia Falls on Disappointing Guidance
2022.05.26 02:11
By Oliver Gray
Investing.com – U.S. stock futures were mixed during Wednesday’s evening deals after major benchmark averages closed higher as investors digested the latest Federal Reserve meeting minutes and a fresh batch of corporate earnings reports.
By 6:45pm ET (10:45pm GMT) Dow Jones Futures were flat, S&P 500 Futures fell 0.1% and Nasdaq 100 Futures dipped 0.4%.
In extended deals, NVIDIA Corporation (NASDAQ:NVDA) moved 6.2% lower after the company reported weaker-than-expected guidance for the second quarter. Q1 EPS came in at $1.36, beating expectations of $1.29 on revenues of $8.29 billion versus $8.12 billion expected.
Snowflake Inc (NYSE:SNOW) tumbled 13.2% after guidance for operating margin came in narrower than expected. The company reported Q1 losses per share of 53 cents, while revenue for the quarter came in at $422.4 million versus $412.76 million expected.
Nutanix Inc (NASDAQ:NTNX) fell 30.5% after the company reported Q3 losses per share of 43 cents versus 22 cents expected. Revenue for the quarter came in at $403.7 million versus $397.87 million expected.
Williams-Sonoma Inc (NYSE:WSM) added 8.8% reported Q1 EPS of $3.50, beating estimates of $2.88. Revenue for the quarter came in at $1.89 billion versus the consensus estimate of $1.8 billion.
Guess? Inc (NYSE:GES) lifted 1.2% after reporting Q1 EPS of $0.24 versus estimates of $0.29, while revenue for the quarter came in at $593 million versus estimates of $584.39 million.
Meantime, Twitter Inc (NYSE:TWTR) moved 6.1% higher after reports that Elon Musk will secure an additional $6.25 billion in equity financing and reduce the margin loan to zero.
Ahead in today’s session, investors will be paying close attention to weekly jobless claims, Q1 GDP and fresh pending home sales data. Among earnings, Macy’s Inc (NYSE:M), Dollar Tree Inc (NASDAQ:DLTR) and Dollar General Corporation (NYSE:DG) are among the companies that report results before the bell on Thursday.
On the bond markets, United States 10-Year rates were at 3.228%.
