With U.S. stock futures pointing upwards this Wednesday morning, several stocks are poised to capture investor attention. Let’s dive into the key players and what to expect.
First up is The Walt Disney Company (DIS). Wall Street analysts predict quarterly earnings of $1.20 per share, with revenue projected at $23.14 billion. These figures are set to be released before the market opens, and Disney shares saw a promising 0.8% increase to $92.92 during after-hours trading. This suggests a positive market sentiment heading into the official announcement.
Next, we have Uber Technologies Inc. (UBER), anticipated to report quarterly earnings of 50 cents per share on revenue of $11.62 billion, also before the market opens. Similar to Disney, Uber experienced a positive after-hours performance, rising 0.8% to $86.47, indicating potential for continued growth.
Advanced Micro Devices Inc. (AMD) already made headlines Tuesday evening with its impressive first-quarter results, exceeding expectations. AMD’s projected second-quarter revenue of approximately $7.4 billion (plus or minus $300 million) surpasses analyst forecasts of $7.24 billion. This strong performance translated into a 1.8% surge to $100.40 in after-hours trading, signaling strong investor confidence.
In the technology sector, Arista Networks Inc. (ANET) presented mixed results following Tuesday’s close. While the company beat earnings expectations with 65 cents per share (compared to the anticipated 60 cents), revenue fell slightly short at $2 billion versus the projected $2.02 billion. Their guidance for second-quarter revenue of $2.1 billion also slightly underperformed expectations. Consequently, ANET shares experienced a 3.8% dip to $87.30 in after-hours trading, suggesting caution from investors.
Rounding out our list is Owens Corning (OC), expected to report quarterly earnings of $2.87 per share and revenue of $2.51 billion before the market opens. The stock showed strong momentum with a 3.7% rise to $147.88 in after-hours trading, suggesting positive anticipation for its earnings release.
Overall, this Wednesday promises exciting developments in the stock market. While some companies show strong upward momentum, others present a more cautious outlook. Keeping a close eye on these key players will be crucial for investors navigating the market this week. Remember to conduct thorough research and consult with a financial advisor before making any investment decisions.
