🤯 Have you seen our AI stock pickers’ 2024 results? 84.62%! Grab November’s list now.Pick Stocks with AI

Dow futures flat, Nvidia gains 6.1% after earnings

Published 24/08/2023, 00:00
© Reuters.

Investing.com -- U.S. stock futures were trading higher during Wednesday's evening deals, extending gains among benchmark averages during regular trading as key second-quarter results from chipmaker Nvidia Corporation (NASDAQ:NVDA) boosted risk appetite.

By 18:45 ET (22:45 GMT), Dow Jones futures were little changed, S&P 500 futures lifted 0.5%, and Nasdaq 100 futures were up 0.7%.

In extended deals, Nvidia (NASDAQ:NVDA) lifted 9%, reported Q2 EPS of $2.70 versus $2.07 expected on revenues of $13.51 billion versus $11.13B expected. The company also forecast Q3 2024 revenue at $16B versus $12.61B expected.

Autodesk (NASDAQ:ADSK) lifted 5.9% after the company reported Q2 EPS of $1.91 versus $1.73 expected, while revenues came in at $1.35B versus $1.32B expected. Autodesk also forecasted Q3 2024 EPS in the range of $1.97-$2.03 versus $1.92 expected and revenues in the range of $1.38B-$1.395B versus $1.38B billion expected.

Guess (NYSE:GES) popped 18.6% after the company reported Q2 EPS of $0.72 versus $0.39 expected. Revenues were reported at $665 million versus $638.51M expected.

Splunk (NASDAQ:SPLK) lifted 11% after reporting Q2 EPS of $0.71 versus $0.46 expected, while revenues came in at $911M versus $889.23M expected.

Ahead in Thursday's trade, investors will be closely monitoring core durable goods orders and the Fed's balance sheet.

Among earnings, companies including Intuit (NASDAQ:INTU), Royal Bank of Canada (NYSE:RY), Toronto Dominion Bank (NYSE:TD), and Workday (NASDAQ:WDAY) are scheduled to report quarterly results.

Get the latest earnings results with InvestingPro.

During Tuesday's regular trade, the Dow Jones Industrial Average added 184.2 points or 0.5% to 34,473, the S&P 500 gained 48.5 points or 1.1% to 4,436, and the Nasdaq Composite lifted 215.2 points or 1.6% to 13,721.

On the bond markets, United States 10-Year rates eased to 4.196%.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.