Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Dow futures trade flat, Microsoft dips 1% after earnings

Published 01/24/2023, 06:31 PM
Updated 01/24/2023, 06:31 PM
© Reuters

© Reuters

By Oliver Gray

Investing.com - U.S. stock futures were trading steady during Tuesday’s evening deals, after major benchmark indices finished the regular session mixed as investors brace for a deluge of corporate earnings throughout the week.

By 18:25 ET (23:25 GMT) Dow Jones futures, S&P 500 futures, and Nasdaq 100 futures were trading within a range of 0.1%.

In extended deals, Microsoft (NASDAQ:MSFT) dipped 1% after the company reported Q2 EPS of $2.32 versus $2.30 expected, while revenue was reported at $52.7 billion versus $53.12B expected.

Intuitive Surgical (NASDAQ:ISRG) fell 9.3% after reporting Q4 EPS of $1.23 versus $1.26 expected on revenues of $1.66B versus $1.68B expected.

Ahead in Wednesday’s session, investors will be looking ahead to earnings results from companies including Tesla (NASDAQ:TSLA), Abbott Laboratories (NYSE:ABT), AT&T (NYSE:T), International Business Machines (NYSE:IBM), and Boeing (NYSE:BA).

During Tuesday’s regular trade, the Dow Jones Industrial Average finished 104.4 points or 0.3% higher at 33,734, the S&P 500 eased 2.9 points or 0.1% to 4,016.9, and the Nasdaq Composite lost 30.1 points or 0.3% to 11,334.3.

On the bond markets, United States 10-Year rates were at 3.455%.

Latest comments

Vote Diaper Donnie and Pence of Shit 2024
What an intelligent post!
Blah blah blah..
what a waste of a comment. the comment is blah blah. if you have nothing useful or intelligent to say ...
Tru.. yes, your comment really added a lot, too.
so easy to show a good quarter, announce the layoffs after seeing prelim numbers, make a journal entry in your Q4 books which is non-GAAP  and Presto!!!  you have $2.32 in EPS,  helps fake some of the traders who will see $2.32, $0.12 better than expected!!! but the reality is they came in actually 10 cents below what was expected.   a year ago they did not have to make this non-GAAP (ie  it is not a generally accepted accounting practice) and had $2.32 in earnings.   So it is a much bigger miss and people are paying a lot more for a stock doing worse than it was a year ago. See below: Profits on GAAP basis were $2.20 a share. The difference is tied to the company’s recent announcement of plans to reduce its workforce by 10,000 jobs, or a little under 5% of the total workforce. The company had said it would take $1.2 billion in charges in the December quarter for severance costs, as well as unspecified changes to the company’s hardware portfolio and office consolidation.
you good
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.