© Reuters.
By Oliver Gray
Investing.com – were trading slightly lower during Thursday’s evening deals, following broad based gains among major benchmark averages after Federal Reserve policymakers raised rates by 50 basis points, the largest increase since May 2000.
By 6:50pm ET (10:50pm GMT) , were all trading 0.2% lower.
In extended deals, eBay Inc (NASDAQ:) dipped 5.7% after the company Q1 EPS of $1.05 versus $1.03 expected on revenues of $2.5 billion versus $2.46 billion, while issuing weaker than expected guidance.
Etsy Inc (NASDAQ:) dropped 11.5% after results, with Q1 EPS coming in at 60 cents versus 59 cents expected, while revenue for the quarter came in at $579.3 million versus $575.44 million expected. Etsy forecasted Q2 revenues of $540-590 million, below consensus estimates of $627.8 million.
Booking Holdings Inc (NASDAQ:) popped 10.5% after earnings of $3.90 per share, well above estimates of 90 cents, while revenue for the quarter came in at $2.7 billion versus $2.54 billion expected.
Cognizant Technology Solutions Corp (NASDAQ:) fell 4.1% as the company earnings results. Q1 EPS came in at $1.08 versus $1.04 expceted on revenues of $4.8 billion versus $4.83 billion expected.
Godaddy Inc (NYSE:) added 2.3% after results. Q1 EPS came in at 41 cents versus 42 cents expected. Revenue for the quarter came in at $1 billion versus the consensus estimate of $989.49 million.
Corporate earnings are set to continue on Thursday with Shell (NYSE:), Shopify Inc (NYSE:) and ConocoPhillips (NYSE:) set to report before the bell, while Block Inc (NYSE:), DoorDash Inc (NYSE:) and Zillow Group Inc (NASDAQ:) will report after the market closes.
On the data front, investors will be closely monitoring fresh data due out later in the session.
During Wednesday’s regular trading, the rose 932 points or 2.8%, while the gained 2.99% to post their biggest gains since 2020. The also surged 3.19%.
On the bond markets, yields were steady at 2.946%.
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