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

  • Investing.com
  • Stock Market News
Dow futures tick lower, Intel dips 9.7% after earnings miss
Credit: © 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%.

 
 

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search

Related Articles