Thu. Oct 6th, 2022



© Reuters.

By Oliver Gray 

Investing.com – U.S. stock futures were trading higher during Tuesday’s evening deals as second quarter earnings continued ahead of Wednesday’s key print.

By 7:05pm ET (11:05pm GMT) and were up 0.1% while lifted 0.2%.

In extended deals, Coinbase (NASDAQ:) fell 4.9% after the company Q2 losses of $4.98 per share versus losses of $2.44 expected, while revenues came in at $808.3 million versus $879.69 million expected.

Roblox Corp (NYSE:) shed 17.4% after Q2 losses of $0.30 per share, worse than expected losses of $0.25 per share. Revenue came in at $639.9 million versus $639.19 million expected. In addition, Roblox reported a weaker than expected 52.2 million daily active users during the quarter.

Unity Software Inc (NYSE:) dipped 2.7% after losses per share of $0.18 versus losses of $0.21 expected, while revenue came in at $297.04 million versus expectations of $299.1 million.

H&R Block Inc (NYSE:) popped 4.1% after Q2 EPS of $1.43, coming in above estimates of $1.24, while revenue was reported at $1.05 billion versus $996.33 million expected.

Trade Desk Inc . (NASDAQ:) gained 17.4% after Q2 EPS of $0.20, in-line with expectations, while revenue came in at $376.96 million versus $364.87 million expected.

Wynn Resorts Limited (NASDAQ:) dipped 4.1% after losses of $0.82 per share versus expected losses of $1.11 per share, while revenue came in at $908.83 million versus $980.85 million expected.

Sweetgreen Inc (NYSE:) shed 24.3% after losses of $0.36 per share versus losses of $0.30 expected, while revenue came in at $124.9 million versus $130.18 million expected. The salad company also lowered its full-year outlook, noting that it would lay-off 5% of its workforce and downgrade its office space.

Ahead in Wednesday’s session, market participants will be monitoring key data amid rising expectations that the rate of price increases has peaked as a result of falling prices.

During Tuesday’s regular trade, the fell 58.1 points or 0.2% to 32,774.4, the dipped 15.6 points or 0.4% to 4,122.5 and the lost 150.5 points or 1.2% to 12,493.9.

On the bond markets, rates were at 2.779%.

By Rahul

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