Dow futures remain steady, eBay, Bumble report earnings
2023.11.07 19:54
© Reuters
Investing.com – US stock futures were trading higher during Tuesday’s evening deals, following a positive session for major benchmark averages as easing yields boosted sentiment, while investors digested a fresh slew of corporate earnings results.
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By 6:35 pm ET (11:35 pm GMT) , and were each trading within a range of 0.1%.
in extended deals, eBay Inc (NASDAQ:) fell 6.2% after Q3 EPS of $1.03 versus $1.00 expected on revenues of $2.5 billion versus $2.5 billion expected . The company forecasted Q4 2023 EPS in the range of $1.00-$1.05 versus $1.05 expected, with Q4 2023 revenue prediction in the range of $2.47-2.53 billion versus $2.597 billion expected.
Bumble Inc (NASDAQ:) lost 6.3% after the company Q3 EPS of $0.12 versus $0.07 expected, while revenues came in at $275.5 million versus $277.11 million expected.
Robinhood Markets Inc (NASDAQ:) shed 8.4% after Q3 EPS of $0.02 versus expected losses of $0.10 per share. Revenue was reported at $467 million versus $480.06 million expected.
Upstart Holdings Inc (NASDAQ:) tanked 21.8%, Q3 losses of $0.05 per share versus expected losses of $0.02 per share. Revenue was reported at $135 million versus $139.76 million expected.
Upwork Inc (NASDAQ:) surged 18.8% after the company Q3 EPS of $0.21 versus $0.10 expected on revenues of $175.73 million versus $168.33 million expected.
Gilead Sciences Inc (NASDAQ:) eased 1.5%, Q3 EPS of $2.29 versus $1.91 expected on revenues of $7.1 billion versus $6.81 billion expected.
Ahead in Wednesday’s trade, market participants will be watching for wholesale and data as well as key speeches from , and .
Among earnings, companies including Walt Disney Company (NYSE:), Airbus Group (EPA:) NV (OTC:), Suncor Energy Inc (NYSE:), Warner Bros Discovery Inc (NASDAQ:), Take-Two Interactive Software Inc (NASDAQ:) and Roblox Corp (NYSE:) are scheduled to release quarterly results.
During Tuesday’s regular trade, the lifted 56.7 points or 0.2% to 34,152.6, the gained 12.4 points or 0.3% to 4,378.4 and the added 121.1 points or 0.9% to 13,639.9.
On the bond markets, rates held near 4-week lows of 4.575%.