The U.S. stock market is poised for a positive start on Wednesday, with several companies scheduled to report their latest financial results. Here are some of the stocks that are likely to capture investor attention today:
The TJX Companies, Inc. (TJX):
Before the opening bell, TJX is expected to announce quarterly earnings of 92 cents per share on revenue of $13.31 billion, according to Benzinga Pro. In after-hours trading, TJX shares declined by 0.2% to $113.10.
Keysight Technologies, Inc. (KEYS):
Keysight reported better-than-expected results for its third quarter. The company projects fourth-quarter earnings between $1.53 and $1.59 per share, exceeding the anticipated $1.54. Revenue is also expected to be robust, falling in the range of $1.245 billion to $1.265 billion, surpassing the estimated $1.25 billion. Keysight shares experienced a significant surge of 11.5% to $154.50 in the after-hours trading session.
Target Corporation (TGT):
Analysts predict that Target will report quarterly earnings of $2.20 per share on revenue of $25.23 billion. The company is set to release its earnings before the market opens. Target shares climbed by 1.6% to $146.68 in after-hours trading.
La-Z-Boy Incorporated (LZB):
La-Z-Boy reported first-quarter sales that surpassed expectations. The company anticipates second-quarter revenue to be between $495 million and $515 million, exceeding the projected $479.7 million. La-Z-Boy highlighted its commitment to investing in its Century Vision strategy and building its business for long-term growth. However, La-Z-Boy shares dropped by 3.4% to $40.45 in the after-hours trading session.
Zoom Video Communications, Inc. (ZM):
After the closing bell, Zoom is expected to announce quarterly earnings of $1.21 per share on revenue of $1.15 billion. Zoom Video shares rose slightly by 0.2% to $59.25 in after-hours trading.
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