As U.S. stock futures point to a mixed trading session on Tuesday morning, investors are keeping a close eye on several companies set to release their quarterly earnings reports. Here’s a breakdown of some of the key players to watch:
Archer-Daniels-Midland Company (ADM):
Wall Street analysts anticipate ADM to report earnings of $1.25 per share on revenue of $21.35 billion before the opening bell, according to Benzinga Pro data. ADM shares rose 0.8% to $55.75 in after-hours trading, indicating early optimism surrounding the company’s performance.Yum! Brands, Inc. (YUM):
Yum! Brands, the parent company of popular fast-food chains like KFC, Pizza Hut, and Taco Bell, is expected to report quarterly earnings of $1.41 per share on revenue of $1.9 billion. The company will release its results before the market opens, and investors will be closely watching for any updates on its global expansion and digital strategy.Lattice Semiconductor Corp. (LSCC):
Lattice Semiconductor announced its third-quarter earnings on Monday, reporting in-line with analyst expectations. The company posted earnings of 24 cents per share and revenue of $127.091 million, meeting the consensus estimates. However, the company’s outlook for the fourth quarter was less optimistic, forecasting revenue between $112 million and $122 million, significantly lower than the analyst estimate of $132.03 million. This news sent Lattice Semiconductor shares tumbling 17.7% to $42.70 in after-hours trading.Super Micro Computer, Inc. (SMCI):
After the market closes, Super Micro Computer is projected to report quarterly earnings of 75 cents per share on revenue of $6.45 billion. The company’s shares fell 0.3% to $25.96 in after-hours trading. Investors will be eager to see how the company is navigating the ongoing global semiconductor shortage and its impact on the tech industry.Cummins Inc. (CMI):
Cummins Inc., a leading manufacturer of engines and power systems, is expected to report quarterly earnings of $4.80 per share on revenue of $8.29 billion before the opening bell. Cummins shares gained 1% to $329.00 in after-hours trading, suggesting a positive sentiment among investors.These earnings reports will undoubtedly influence market sentiment and trading activity on Tuesday. Investors will be analyzing the companies’ financial performance, their growth prospects, and any potential impact on the broader economy. Stay tuned for more updates and analysis throughout the day.
