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Dow futures tick higher, Lululemon pops 12.3% after earnings

Published 03/29/2023, 07:04 AM
© Reuters

By Oliver Gray 

Investing.com - U.S. stock futures were trading slightly higher during Tuesday's evening deals, following a negative close among major benchmark indices as technology stocks fell as yields ticked higher.

By 18:50 ET (22:50 GMT) Dow Jones futures, S&P 500 futures and Nasdaq 100 futures were each up 0.1%.

In extended deals, Lululemon Athletica (NASDAQ:LULU) added 12.3% after reporting Q4 EPS of $4.40 versus $4.26 expected on revenues of $2.8 billion versus $2.7B expected.

Micron Technology (NASDAQ:MU) remained flat after the company reported Q2 losses of $1.91 per share versus expected losses of $0.66 per share. Revenue for the quarter came in at $3.69B versus $3.74B.

Progress Software Corp (NASDAQ:PRGS) fell 2.2%, reporting Q1 EPS of $1.19 versus $1.05 expected revenue of $165.6 million versus $151.73M expected.

Cal-Maine Foods (NASDAQ:CALM) was 2.4% higher after it reported Q3 EPS of $6.62, $1.84 better than the analyst estimate of $4.78. Revenue for the quarter came in at $997.5M versus the consensus estimate of $873.39M.

Ahead in Wednesday's session, traders are awaiting the latest pending home sales data as well as a testimony from the Federal Reserve’s Vice Chair of Supervision Michael Barr.

During Tuesday's trade, the Dow Jones Industrial Average lost 37.8 points or 0.1% to 32,394.3, the S&P 500 lost 6.3 points or 0.2% to 3,971.3, and the Nasdaq Composite fell 52.8 points or 0.5% to 11,716.1.

On the bond markets United States 10-Year rates were at 3.571% while United States 2-Year yields were at 4.088%.


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