Dow Futures Move Lower, Chewy Surges 20% After Earnings By Investing.com

By Oliver Gray 

Investing.com – U.S. stock futures traded lower during Wednesday’s evening deals after major benchmark indices lost ground as market participants weigh slowing growth prospects amid surging inflation pressures.

By 6:55pm ET (10:55pm GMT) were down 0.2%, while and fell 0.1% apiece.

In extended deals, Chewy Inc (NYSE:) surged 19.4% after the company Q1 earnings of 4 cents per share, beating estimates of a 10 cent loss while revenue came in at $2.43 billion versus $2.41 billion expected.

C3 Ai Inc (NYSE:) fell 20.5% after Q4 losses per share of $0.21, better than expected losses of 29 cents. Revenue came in at $72.3 million versus $71.28 million expected.

GameStop Corp (NYSE:) added 0.9% after the company its quarterly results, posting losses per share of $2.08, above estimates of a $1.22 loss, while revenue came in at $1.38 billion versus estimates of $1.27 billion.

MongoDB (NASDAQ:) moved 5.89% higher after Q1 EPS of 20 cents better than expected losses of 8 cents per share while revenue came in at $285.4 million versus $267.2 million expected.

Hewlett Packard Enterprise Co (NYSE:) fell 7.2% after the company Q2 EPS of $0.44, slightly below expectations of $0.45. Revenue for the quarter came in at $6.7 billion, below estimates of $6.81 billion.

Pure Storage Inc (NYSE:) gained 10.8% as the company Q1 EPS of $0.25, beating estimates of $0.04 on revenues of $620.4 million versus $522.66 million expected.

Uipath Inc (NYSE:) gained 8.6% after Q1 EPS of 5 cents, beating estimates of 3 cents. Revenue came in at $289.7 million versus $283.1 million expected.

PVH Corp (NYSE:) added 5.4% after Q1 EPS of $1.94, beating estimates of $1.6. Revenue for the quarter came in at $2.12 billion versus $2.08 billion expected.

SentinelOne Inc (NYSE:). moved 2.6% lower after Q1 losses of 17 cents per share, better than expected losses of 19 cents. Revenue came in at $65.6 million versus $60.7 million expected.

Market participants will remain focused on corporate earnings with Crowdstrike Holdings Inc (NASDAQ:), Okta Inc (NASDAQ:), Designer Brands Inc (NYSE:), Lululemon Athletica Inc (NASDAQ:) and RH (NYSE:) set to report on Thursday. Investors will also be monitoring fresh data and .

In Wednesday’s regular trading, The shed 176.89 points, or 0.5% to 32,813.2, the fell 0.8% to  4,101.2 and the retreated 0.7% to 11,994.5.

On the data front, the number of April , released Wednesday, declined sharply from the previous month while the came in at 56.1 for May, up from 55.4 in the previous month.

On the bond markets, yields were at 2.911%.