© Reuters.
Investing.com – U.S. stock futures were trading higher during Wednesday’s evening deals, following a negative session among major benchmark indices as Fitch’s recent long-term credit downgrade of the United States soured sentiment.
By 19:15 ET (23:15 GMT), and were up 0.2%, while ticked 0.1% higher.
In extended deals, PayPal (NASDAQ:) lost 6.8% after the company Q2 EPS of $1.16 versus $1.15 expected, while revenues were reported at $7.29 billion versus estimates of $7.27B. PayPal also forecasted Q3 2023 EPS in the range of $1.22-$1.24 versus $1.22 expected and revenues of $7.4B versus $7.32B expected.
Upwork (NASDAQ:) popped 19.4%, Q2 EPS of $0.10 versus $0.00 expected. while quarterly revenue came in at $168.61 million versus $162.53M expected.
DoorDash (NYSE:) added 4.9% after Q2 losses of $0.44 per share versus expected losses of $0.41 per share. Revenue was reported at $2.13B versus $2.06B.
Qualcomm (NASDAQ:) dropped 7.1%, Q3 EPS of $1.87 versus $1.81 expected, with revenue reported at $8.44B versus $8.51B expected. Qualcomm forecasted Q4 2023 EPS in the range of $1.80-$2.00 versus $1.91 expected, while revenues are expected in the range of $8.1B-$8.9B versus $8.7B expected.
Etsy (NASDAQ:) lost 6.1% after the company Q2 EPS of $0.45 versus $0.42 expected. Revenues came in at $628.9M versus $618.62M expected.
Ahead in Thursday’s trade, investors will be closely monitoring , preliminary , as well as the and services PMIs.
On the earnings front, major companies reporting quarterly results include Apple (NASDAQ:), Amazon.com (NASDAQ:), ConocoPhillips (NYSE:), Airbnb (NASDAQ:), and Booking Holdings (NASDAQ:).
Stay ahead of the curve this earnings season with InvestingPro.
During Wednesday’s regular session, the dipped 348.2 points or 1% to 35,282.5, the slipped 63.3 points or 1.4% to 4,513.4, and the lost 310.5 points or 2.2% to 13,973.5.
Among data releases, data came in well above expectations at 324K, while falling from the previous month’s reading of 455K.
On the bond markets, rates were at 4.088%.