Dow Futures Tick Higher After Negative Session, Coinbase Reports
2022.08.10 02:46
By Oliver Gray
Investing.com – U.S. stock futures were trading higher during Tuesday’s evening deals as second quarter earnings continued ahead of Wednesday’s key inflation print.
By 7:05pm ET (11:05pm GMT) Dow Jones Futures and S&P 500 Futures were up 0.1% while Nasdaq 100 Futures lifted 0.2%.
In extended deals, Coinbase (NASDAQ:COIN) fell 4.9% after the company reported Q2 losses of $4.98 per share versus losses of $2.44 expected, while revenues came in at $808.3 million versus $879.69 million expected.
Roblox Corp (NYSE:RBLX) shed 17.4% after reporting Q2 losses of $0.30 per share, worse than expected losses of $0.25 per share. Revenue came in at $639.9 million versus $639.19 million expected. In addition, Roblox reported a weaker than expected 52.2 million daily active users during the quarter.
Unity Software Inc (NYSE:U) dipped 2.7% after reporting losses per share of $0.18 versus losses of $0.21 expected, while revenue came in at $297.04 million versus expectations of $299.1 million.
H&R Block Inc (NYSE:HRB) popped 4.1% after reporting Q2 EPS of $1.43, coming in above estimates of $1.24, while revenue was reported at $1.05 billion versus $996.33 million expected.
Trade Desk Inc . (NASDAQ:TTD) gained 17.4% after reporting Q2 EPS of $0.20, in-line with expectations, while revenue came in at $376.96 million versus $364.87 million expected.
Wynn Resorts Limited (NASDAQ:WYNN) dipped 4.1% after reporting losses of $0.82 per share versus expected losses of $1.11 per share, while revenue came in at $908.83 million versus $980.85 million expected.
Sweetgreen Inc (NYSE:SG) shed 24.3% after reporting losses of $0.36 per share versus losses of $0.30 expected, while revenue came in at $124.9 million versus $130.18 million expected. The salad company also lowered its full-year outlook, noting that it would lay-off 5% of its workforce and downgrade its office space.
Ahead in Wednesday’s session, market participants will be monitoring key CPI data amid rising expectations that the rate of price increases has peaked as a result of falling oil prices.
During Tuesday’s regular trade, the Dow Jones Industrial Average fell 58.1 points or 0.2% to 32,774.4, the S&P 500 dipped 15.6 points or 0.4% to 4,122.5 and the NASDAQ Composite lost 150.5 points or 1.2% to 12,493.9.
On the bond markets, United States 10-Year rates were at 2.779%.
