Dow futures steady, Chegg surges 23.9% after earnings

Investing.com – U.S. stock futures were trading in a tight range during Monday’s evening deals, following a positive session among major benchmark averages as investors parsed corporate earnings results ahead of key inflation data due later in the week.

By 6:50pm ET (10:50pm GMT) , , and were each trading within a range of 0.1%.

In extended deals, Chegg (NYSE:) surged 23.9% after the company Q2 EPS of $0.28, in-line with the analyst estimates of $0.28. Revenue for the quarter came in at $182.85 million versus $176.5 million expected.

Palantir Technologies Inc (NYSE:) added 2.5% after the company EPS of $0.05, in-line with expectations, while revenues came in at $533 million versus $534.2 million expected.

Lucid Group Inc (NASDAQ:) added 3.7%, Q2 losses of $0.40 per share versus expected losses of $0.35 per share. Revenues came in at $150.9 million versus $191.41 million expected.

Beyond Meat (NASDAQ:) dipped 10.9% after the company Q2 losses of $0.83 per share versus expected losses of $0.84 per share, while Revenue was reported at $102.1 million versus $108.74 million expected.

Ahead in Tuesday’s trade, market participants will be monitoring and ahead of key and data set to be released later in the week.

Among earnings, companies including United Parcel Service Inc (NYSE:), SoftBank Group Corp (OTC:), Duke Energy Corporation (NYSE:) and Eli Lilly and Company (NYSE:) are set to report quarterly results.

During Monday’s regular trade, the added 407.5 points or 1.12 to 35,473.1, the lifted 40.4 points or 0.9% to 4,518.4 and the added 85.2 points or 0.6% to 13,994.4.

On the bond markets, rates were at 4.091%.