Skylar Williams
Aug 31, 2022 11:14
Futures for U.S. equities were trading flat on Tuesday evening, as key benchmark indices extended down for a third consecutive day and investors maintained their retreat in response to Jerome Powell's hawkish remarks at the Jackson Hole Symposium last week.
At 7:20pm ET (11:20pm GMT), Dow Jones Futures were down 0.1%, while S&P 500 Futures were basically stable and Nasdaq 100 Futures were up 0.1%.
In extended trading, shares of Chewy (NYSE:CHWY) fell 11% after the company reported Q2 losses of $0.12 per share, in line with expectations, and revenue of $2.43 billion, vs $2.44 billion projected.
PVH Corp. (NYSE:PVH) declined 3.3% after reporting second-quarter earnings per share of $2.08, above expectations of $2.00, and revenue of $2.13 billion, vs $2.21 billion expected. The firm has announced a 10% reduction in its global workforce.
HP Inc. (NYSE:HPQ) declined 6% after posting EPS of $1.04 for the third quarter, which was in line with market expectations. The actual revenue was $14.66 billion, as opposed to the anticipated $15.69 billion.
Crowdstrike Holdings Inc (NASDAQ:CRWD) fell 0.3% after reporting Q3 earnings of $0.36, above projections of $0.28, on revenue of $535.15 million compared to $515.98 million expected.
Ambarella (NASDAQ:AMBA) fell 6.5% after posting second-quarter earnings per share of $0.20, which was slightly over analyst projections of $0.20. Actual revenue was $80.88 million compared to the forecasted amount of $80.19 million.
ChargePoint Holdings Inc (NYSE:CHPT) climbed 1.5% after reporting second-quarter losses of $0.21 per share, which exceeded the average forecast of $0.20 per share. Contrary to expectations, the second quarter's sales came in at $81.63 million, as opposed to $76.1 million.
Hewlett Packard Enterprise (NYSE:HPE) climbed 1.7% after reporting earnings per share of $0.48 for the third quarter, well above the consensus estimate of $0.47, and revenue of $6.95 billion, exceeding the average estimate of $6.85 billion.
Wednesday's session will be highlighted by remarks from the Federal Reserve's Mester and Bostic, as well as Chicago PMI and ADP employment data.
During Tuesday's regular trading session, the Dow Jones Industrial Average dropped 308.1 points, or 1%, to 31,790.9, the S&P 500 slid 1.1% to 3,986.16, and the NASDAQ Composite dropped 1.1% to 11,883.1.
CB consumer confidence came in above estimates at 103.2, up from 95.3 last month, while JOLTs Job Openings also surprised to the upside, climbing to 11.239 million, beyond forecasts of 10.475 million and up from 11.040 last month.
The 10-Year U.S. bond market interest rate was 3.112%.
Aug 31, 2022 11:06
Sep 01, 2022 11:03