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Dow Futures Tick Higher, Salesforce Beats on Earnings

Published 05/31/2022, 06:56 PM
Updated 05/31/2022, 06:56 PM
© Reuters.

By Oliver Gray 

Investing.com - U.S. stock futures traded higher in Tuesday’s evening deals, after major benchmark indices finished the regular session lower amid persisting inflation and recession fears.

By 6:50pm ET (10:50pm GMT) Dow Jones Futures added 0.4%, S&P 500 Futures gained 0.3% and Nasdaq 100 Futures lifted 0.3%.

In extended deals, Salesforce.com Inc (NYSE:CRM) lifted 7.5% after reporting Q1 EPS of $0.98, beating estimates of $0.94. Revenue came in at $7.41 billion versus $7.38 billion expected.

HP Inc (NYSE:HPQ) fell 0.6% as the company reported Q2 EPS of $1.08 versus $1.05 expected, while revenues came in at $16.5 million versus $16.17 billion expected.

Victoria's Secret & Co (NYSE:VSCO) gained 6.8% after reporting results, with Q1 EPS coming in at $1.11 beating analyst estimates of $0.83, while revenues were slightly above expectations at $1.48 billion.

Ambarella Inc (NASDAQ:AMBA) moved 5.1% lower after reporting Q1 EPS of $0.44 versus $0.36 expected, while revenue for the quarter came in at $90.3 million versus estimates of $90.02 million.

ChargePoint Holdings Inc (NYSE:CHPT) fell 3% as the company reported Q1 losses of $0.27 per share, versus estimated losses of $0.19 per share. Revenue for the quarter was at $81.6 million, beating expectations of $75.7 million.

Sportsmans (NASDAQ:SPWH) lost 9.1% after reporting Q1 EPS of $0.05, while revenue came in at $309.5 million versus $305.3 million expected.

Ahead in the session, investors will be monitoring fresh manufacturing PMIs and JOLTS job openings data.

During Tuesday’s regular trade, the Dow Jones Industrial Average fell 222.84 points or 0.7% to 32,990.1, the S&P 500 dipped 0.6% to 4,132.2 and the NASDAQ Composite eased 0.4% to 12,081.39.

On the bond markets, United States 10-Year yields were at 2.85%.

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