By Oliver Gray
Investing.com – U.S. stock futures remained little change 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) Dow Jones Futures were down 0.2%, while S&P 500 Futures and Nasdaq 100 Futures fell 0.1% apiece.
In extended deals, Chewy Inc (NYSE:CHWY) surged 19.4% after the company reported 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:AI) fell 20.5% after reporting 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:GME) added 0.9% after the company reported 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:MDB) moved 5.89% higher after reporting 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:HPE) fell 7.2% after the company reported 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:PSTG) gained 10.8% as the company reported Q1 EPS of $0.25, beating estimates of $0.04 on revenues of $620.4 million versus $522.66 million expected.
Uipath Inc (NYSE:PATH) gained 8.6% after reporting 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:PVH) added 5.4% after reporting 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:S). moved 2.6% lower after reporting 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:CRWD), Okta Inc (NASDAQ:OKTA), Designer Brands Inc (NYSE:DBI), Lululemon Athletica Inc (NASDAQ:LULU) and RH (NYSE:RH) set to report on Thursday. Investors will also be monitoring fresh ADP employment data and weekly jobless claims.
In Wednesday’s regular trading, The Dow Jones Industrial Average shed 176.89 points, or 0.5% to 32,813.2, the S&P 500 fell 0.8% to 4,101.2 and the NASDAQ Composite retreated 0.7% to 11,994.5.
On the data front, the number of April job openings, released Wednesday, declined sharply from the previous month while the ISM manufacturing PMI came in at 56.1 for May, up from 55.4 in the previous month.
On the bond markets, United States 10-Year yields were at 2.911%.