Dow futures tick higher, Zoom lifts 7.2% after earnings

By Oliver Gray

Investing.com – U.S. stock futures were trading slightly higher during Monday’s evening trade, extending gains from the regular session as market participants brace for a deluge of earnings results from major retailers throughout the week.

By 6:30pm ET (11:30pm GMT) , and were each 0.1% higher.

In extended deals, Zoom Video Communications Inc (NASDAQ:) added 7.2% after the company Q4 EPS of $1.22 versus estimates of $0.81, while revenues came in at $1.12 billion versus $1.1 billion expected. The company also lifted Q1 2024 guidance to $0.96-$0.98 per share versus $0.84 expected, with revenues of $1.08-1.085 billion versus $1.11 billion expected.

Workday (NASDAQ:) dipped 2.7% after Q4 EPS of $0.99, above expectations of $0.89 on revenues of $1.65 billion versus $1.63 billion expected.

Clarus (NASDAQ:) tanked 17.4% after the company Q4 EPS of $0.20 versus $0.02 expected on revenues of $104.2 million versus $101.12 million expected.

Progyny (NASDAQ:) added 13.8%, Q4 EPS of $0.03 versus $0.01 expected on revenues of $214.3 million versus $211.78 million expected.

Ahead in Tuesday’s session, investors will be looking toward , and the .

Meanwhile, earnings results from companies including Target Corporation (NYSE:), Bank of Nova Scotia (TSX:), Monster Beverage Corp (NASDAQ:), HP Inc (NYSE:), Rivian Automotive Inc (NASDAQ:), Norwegian Cruise Line Holdings Ltd (NYSE:) and AMC Entertainment Holdings Inc (NYSE:) will be closely monitored by market participants.

During Monday’s regular trade, the added 72.2 points or 0.2% to 32,889.1, the gained 12.2 points or 0.3% to 3,982.2 and the added 72 points or 0.6% to 11,467.

On the bond markets, rates were at 3.922%.