Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Dow Futures Mixed, Nvidia Falls on Disappointing Guidance

Published 2022-05-25, 06:52 p/m
Updated 2022-05-25, 06:52 p/m
© Reuters.

By Oliver Gray 

Investing.com - U.S. stock futures were mixed during Wednesday’s evening deals after major benchmark averages closed higher as investors digested the latest Federal Reserve meeting minutes and a fresh batch of corporate earnings reports.

By 6:45pm ET (10:45pm GMT) Dow Jones Futures were flat, S&P 500 Futures fell 0.1% and Nasdaq 100 Futures dipped 0.4%.

In extended deals, NVIDIA Corporation (NASDAQ:NVDA) moved 6.2% lower after the company reported weaker-than-expected guidance for the second quarter. Q1 EPS came in at $1.36, beating expectations of $1.29 on revenues of $8.29 billion versus $8.12 billion expected.

Snowflake Inc (NYSE:SNOW) tumbled 13.2% after guidance for operating margin came in narrower than expected. The company reported Q1 losses per share of 53 cents, while revenue for the quarter came in at $422.4 million versus $412.76 million expected.

Nutanix Inc (NASDAQ:NTNX) fell 30.5% after the company reported Q3 losses per share of 43 cents versus 22 cents expected. Revenue for the quarter came in at $403.7 million versus $397.87 million expected.

Williams-Sonoma Inc (NYSE:WSM) added 8.8% reported Q1 EPS of $3.50, beating estimates of $2.88. Revenue for the quarter came in at $1.89 billion versus the consensus estimate of $1.8 billion.

Guess? Inc (NYSE:GES) lifted 1.2% after reporting Q1 EPS of $0.24 versus estimates of $0.29, while revenue for the quarter came in at $593 million versus estimates of $584.39 million.

Meantime, Twitter Inc (NYSE:TWTR) moved 6.1% higher after reports that Elon Musk will secure an additional $6.25 billion in equity financing and reduce the margin loan to zero.

Ahead in today’s session, investors will be paying close attention to weekly jobless claims, Q1 GDP and fresh pending home sales data. Among earnings, Macy’s Inc (NYSE:M), Dollar Tree Inc (NASDAQ:DLTR) and Dollar General Corporation (NYSE:DG) are among the companies that report results before the bell on Thursday.

On the bond markets, United States 10-Year rates were at 3.228%.

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.