© Reuters.
By Oliver Gray
Investing.com – were trading higher on Wednesday evening, after major benchmark averages finished the regular session mixed as investors evaluated a slew of first-quarter corporate results.
By 6:35pm ET (10:35pm GMT) were up 0.2%, gained 0.3% and lifted 0.5%.
Among stocks, Tesla Inc (NASDAQ:) gained 4.4% in extended deals following a better-than-expected , posting earnings of $3.22 per share versus $2.26 expected while revenues came in at $18.76 billion versus $17.8 billion expected.
United Airlines Holdings Inc (NASDAQ:) gained 7.5% after issuing its strongest second-quarter guidance in history, despite first-quarter missing estimates. United reported an adjusted first-quarter loss of $4.24 per share on revenue of $7.57 billion, while analysts surveyed by Refinitiv expected a loss per share of $4.22 on revenue of $7.68 billion.
Lam Research Corp (NASDAQ:) dipped 1.3% in extended trading after a weaker than expected quarterly , with EPS coming in at $7.4 versus $7.51 expected, while revenues were at $4.06 billion versus $4.25 billion expected.
Coming up, market participants are looking toward quarterly reports from AT&T Inc (NYSE:), American Airlines Group (NASDAQ:) and Snap Inc (NYSE:), while weekly data is also slated for release later in the session.
During Wednesday’s regular trade, The was up 249.59 points or 0.7% to 35,160.79. The finished little changed at 4,459.45 and the fell 1.2% to 13,453.07.
Netflix Inc (NASDAQ:) tanked 35% on Wednesday after the streamer Tuesday evening, revealing the first subscriber loss in more than 10 years.
Meanwhile, Procter & Gamble Company (NYSE:) gained 2.7% after better-than-expected results and hiking its full-year revenue guidance.
International Business Machines (NYSE:) also rose more than 7.1% after a beat on earnings and revenue.
On the bond markets, yields eased below recent 40-month highs to 2.832%.
Be the first to comment