Dow Futures Tick Lower, Snap Plunges 27.1% After Earnings
2022.10.20 20:48
© Reuters.
By Oliver Gray
Investing.com – U.S. stock futures were trading lower during Thursday’s evening deals after major benchmark averages finished lower for the second consecutive day, as market participants digested a slew of corporate earnings results, while long term bond yields lifted to fresh 14-year highs.
By 7:20pm ET (11:20pm GMT) were down 0.3%, fell 0.5% and dipped 0.8%.
In extended deals, Snap Inc (NYSE:) fell 27.1% after the company Q3 EPS of $0.08, beating expected losses of $0.24 per share, while revenue came in at $1.13 billion versus $1.12 billion expected.
Whirlpool Corporation (NYSE:) fell 4.1% after the company Q3 EPS of $4.49, well below $5.53 expected. Revenue was reported at $4.78 billion versus $5.2 billion expected.
BJs Restaurants Inc (NASDAQ:) moved 2.5% higher after Q3 losses of $0.25 per share versus expected losses of $0.28 per share while revenue came in at $311.35 million versus $303.28 million expected.
Ahead in Friday’s session, fresh earnings results are expected from Verizon Communications Inc (NYSE:) before the opening bell.
During Thursday’s regular trade, The lost 90.2 points or 0.3% to 30,333.6, the dipped 29.4 points or 0.8% to 3,665.78 and the fell 65.7 points or 0.6% to 10,614.8.
On the bond markets, rates were at 4.233%.
