As U.S. stock futures trade mixed this morning, investors will be closely watching several companies releasing their quarterly earnings reports.
Best Buy Co., Inc. (BBY)
is expected to report earnings of $1.16 per share on revenue of $9.24 billion before the market opens. The company’s shares gained 0.3% in after-hours trading, suggesting a positive outlook.
Nvidia Corp. (NVDA)
delivered strong earnings and sales results for its second quarter on Wednesday, exceeding analyst expectations. The company also provided an optimistic revenue forecast for the third quarter and announced a $50 billion stock repurchase program. Despite this positive news, Nvidia’s gross margin contracted from the previous quarter, leading to a 6.9% decline in after-hours trading.
Dollar General Corporation (DG)
is anticipated to post earnings of $1.79 per share on revenue of $10.37 billion before the market opens. The company’s shares gained 0.5% in after-hours trading, hinting at potential investor confidence.
HP Inc. (HPQ)
reported weaker-than-expected earnings for its third quarter, although sales exceeded estimates. The company also revised its earnings outlook for the full year, suggesting a cautious approach. HP shares fell 4.2% in after-hours trading, reflecting investor disappointment.
Dell Technologies Inc. (DELL)
is scheduled to release its quarterly earnings after the market close. Analysts predict earnings of $1.71 per share on revenue of $24.14 billion. Dell’s shares declined 3.7% in after-hours trading, indicating potential investor concerns.Investors will be closely monitoring these earnings reports to gauge the health of the tech and retail sectors, as well as overall economic conditions. The performance of these companies could impact broader market sentiment and trading activity.
