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Dow Futures Trade Lower, Amazon Tanks 12.7% After Earnings

Published 10/27/2022, 07:14 PM
Updated 10/27/2022, 07:14 PM
© Reuters.

By Oliver Gray 

Investing.com - U.S. stock futures fell during Thursday’s evening trade, after major benchmark indices finished the regular session mixed as investors digested a slew of earnings results from major technology companies.

By 19:10 ET (23:10 GMT) Dow Jones Futures fell 0.1%, S&P 500 Futures dipped 0.5%, and Nasdaq 100 Futures fell 0.7%.

In extended deals, Amazon.com Inc (NASDAQ:AMZN) shed 12.7% after the company reported Q3 EPS of $0.28, above expectations of $0.22, while revenue came in at $127.1 billion versus $127.76 billion expected. Looking ahead, Amazon predicts Q4 2022 revenue of $140 billion-148 billion, versus $155.1 billion expected.

Apple Inc (NASDAQ:AAPL) added 0.7% after reporting Q4 EPS of $1.29 versus $1.26 expected, while revenue came in at $90.1 billion versus $88.76 billion expected.

Intel Corporation (NASDAQ:INTC) gained 5.5% after the company reported Q3 EPS of $0.59, better than $0.34 expected, while revenue was reported at $15.3 billion versus $15.43 billion.

Pinterest Inc (NYSE:PINS) lifted 9.6% after the company reported Q3 EPS of $0.11, beating expectations of $0.06. Revenue came in at $685 million versus $665.54 million expected.

Vertex Pharmaceuticals Inc (NASDAQ:VRTX) lifted 5.1% after reporting Q3 EPS of $4.01 versus $3.62 expected, on revenues of $2.33 billion versus $2.22 billion expected.

Gilead Sciences Inc (NASDAQ:GILD) added 3.6% after reporting Q3 EPS of $1.90, beating $1.52 expected, while revenue came in at $7 billion versus $6.13 billion expected.

Ahead in Friday’s session, market participants will be looking towards personal consumption expenditures price index, Michigan consumer sentiment, and pending home sales data as well as earnings results from Chevron Corp (NYSE:CVX), Exxon Mobil Corp (NYSE:XOM) as well as Colgate-Palmolive Company (NYSE:CL).

During Thursday’s regular session, the Dow Jones Industrial Average lifted 194.2 points or 0.6% to 32,033.3, the S&P 500 fell 23.3 points or 0.6% to 3,807.3, and the NASDAQ Composite lost 178.3 points or 1.6% to 10,792.7.

On the bond markets, United States 10-Year rates were at 3.927%.

 

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