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

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Dow futures tick lower, Intel dips 9.7% after earnings miss
Credit: © Reuters.

By Oliver Gray - 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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