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Dow futures tick lower, HP Inc down 4.1% after earnings

Published 31/05/2023, 00:06
© Reuters.
- - U.S. stock futures were trading within a tight range during Tuesday's evening trade, as market participants weighed the likelihood of U.S. Congress passing a debt deal ahead of a vote on the legislation as early as Wednesday.

By 19:00 ET (23:00 GMT), Dow Jones futures were 0.1% lower while S&P 500 Futures and Nasdaq 100 Futures remained flat.

In extended deals, HP Inc (NYSE:HPQ) fell 4.1% after reporting EPS of $0.80 versus $0.76 expected on revenues of $12.9 billion $13.09B expected.

Hewlett Packard Enterprise (NYSE:HPE) fell 7.9% after the company reported EPS of $0.52 versus $0.49 expected, while revenues came in at $7B versus $7.31B expected.

Box Inc (NYSE:BOX) lifted 2.9% after reporting  EPS of $0.32 versus $0.27 expected on revenues of $252 million versus $249.58M expected.

Ambarella Inc (NASDAQ:AMBA) fell 13.4%, reporting losses of $0.15 per share versus expected losses of $0.2 per share, while revenue was reported at $62.1M versus $61.99M expected.

Sportsman's Warehouse (NASDAQ:SPWH) dipped 7.1% after reporting losses of $0.39 per share versus earnings of $0.03 per share expected, while revenue was reported at $267.5M versus $319.67M expected.

Ahead in Wednesday's trade, market participants will be looking towards fresh JOLTs Job Openings, Chicago PMI, Beige book, as well as speeches from FOMC members Bowman, Harker, and Fed Governor Jefferson.

During Tuesday's regular trade, the Dow Jones Industrial Average fell 50.6 points or 0.2% to 33,042.8, the S&P 500 finished flat at 4,205.5, and the Nasdaq Composite lifted 41.7 points or 0.3% to 13,017.4.

On the bond markets, United States 10-Year rates were at 3.699%.

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