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Home » Dow futures slip, Zoom lifts 4% after earnings
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Dow futures slip, Zoom lifts 4% after earnings

News RoomBy News RoomAugust 21, 20230 Views0
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© Reuters.

Investing.com – U.S. stock futures were trading slightly lower during Monday’s evening deals, following a mixed session among major benchmark averages as the Nasdaq Composite and the S&P 500 each snapped four consecutive sessions of decline ahead of the closely watched later in the week.

By 6:35pm ET (10:35pm GMT) and dipped 0.1% apiece while lost 0.2%.

in extended deals, Zoom Video Communications Inc (NASDAQ:) added 4% after the company Q2 EPS of $1.34 versus $1.06 expected on revenues of $1.14 billion versus $1.11 billion expected. The company forecasted Q3 2024 EPS in the range of $1.07-$1.09 versus $1.03 expected, with revenues predicted in the range of $1.115-1.12 billion versus $1.13 billion expected.

Nordson Corp (NASDAQ:) dipped 5.1% after the company Q3 EPS of $2.35 versus $2.32 expected while revenue was reported at $649 million versus $664.94 million expected.

Fabrinet (NYSE:) popped 16.9%, Q4 EPS of $1.86 versus $1.80 expected. Revenue came in at $655.9 million versus $641.43 million expected.

Ahead in Tuesday’s trade, investors will be monitoring data and a speech from .

Among earnings, companies including Lowe’s Companies Inc (NYSE:), Medtronic PLC (NYSE:), Dick’s Sporting Goods Inc (NYSE:) and BJs Wholesale Club Holdings Inc (NYSE:) are scheduled to report quarterly results.

Get the latest earnings reports with InvestingPro.

During Monday’s regular session, the fell 37 points or 0.1% to 34,463.7, the added 30 points or 0.7% to 4,399.8 and the lifted 206.8 points or 1.6% to 13,497.6.

On the bond markets, rates were at fresh 16-year highs of 4.342%.

Read the full article here

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