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Dow futures tick lower, Intel dips 9.7% after earnings miss

Published 01/26/2023, 06:47 PM
© Reuters.

By Oliver Gray 

Investing.com - U.S. stock futures fell during Thursday’s evening trade after major benchmark averages finished the regular session in positive territory following a better-than-expected GDP reading, while investors continue to monitor a slew of earnings results.

By 18:35 ET (23:35 GMT) Dow Jones futures were 0.1% lower, S&P 500 futures fell 0.3% and, Nasdaq 100 futures were down 0.5%.

In extended deals, Intel Corporation (NASDAQ:INTC) dipped 9.7% after the company reported Q4 EPS of $0.10, well under estimates of $0.22, while revenue was reported at $14 billion versus $14.57B expected.

Eastman Chemical Company (NYSE:EMN) fell 2.9% after reporting Q4 EPS of $0.89 versus $1.25 expected on revenues of $2.37B versus $2.43B expected.

L3Harris Technologies Inc (NYSE:LHX) added 4% after reporting Q4 EPS of $3.27 versus $3.26 expected, while revenues came in at $4.58B versus $4.34B expected.

Ahead in Friday’s trade, investors will be closely monitoring December's Core PCE price index reading, personal income and spending, Michigan consumer sentiment, and pending home sales.

On the earnings front, companies including Chevron Corp (NYSE:CVX), American Express Company (NYSE:AXP), Charter Communications Inc (NASDAQ:CHTR), and Colgate-Palmolive Company (NYSE:CL) are slated to report results.

During Thursday's regular session, the Dow Jones Industrial Average added 205.6 points or 0.6% to 33,949.4, the S&P 500 gained 44.2 points or 1.1% to 4,060.4, and the Nasdaq Composite added 199.1 points or 1.8% to 11,512.4.

On the bond markets, United States 10-Year rates were at 3.506%.


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