US Stock Futures Tick Lower By 0.1 - 0.2%, Dell Losses 3% Value
During the Thursday trading session, all major future indices of the USA were trading lower in the range of 0.1% - 0.2%. This comes after a positive session on the back of renewed hopes that the Fed will pause its aggressive rate hike policy.
The S&P 500 futures, Dow Jone Futures, and Nasdaq 100 futures were down during the Thursday session. The Nasdaq 100 futures slid lower by 0.2%, while the S&P 500 and Dow Jones futures contracts were down by 0.1%.
Dell Q4 EPS And Revenue Released
Another development was Dell Technologies (DELL) which lost 3% of its value during the extended trading hours. This happened after the company's EPS for Q4 turned out to be $1.80 while the market was expecting a value of $1.65.
However, the revenue of Dell Technologies (DELL) was around $25 billion instead of the expected value of $23.51. So on that front, Dell technologies have exceeded the investor's expectations.
But it seems that the investors were more interested in the lower-than-expected EPS value rather than the positive revenue numbers.
Hewlett Packard Enterprise (HPE) And CHPT Results Released
Besides the results of Dell Technologies, some other NYSE-listed companies also posted the results, including the HPE and CHPT.
According to the reports, the Q1 EPS for the HPE was $0.63 against the expected EPS of $0.54. On the contrary, the revenue for HPE was $7.8 billion against the expectations of $7.44 billion only.
For the 2nd quarter of 2023, the forecasted EPS for HPE will be in the range of $0.44 - $0.52. And if we look at the markets, the expected EPS for the Q2 2023 is around $0.47, which falls under the range forecasted by the HPE.
Similarly, the revenue for HPE is forecasted to be around $7.1 to $7.5 billion against $7.04 billion market expectations.
Another NYSE company called ChargePoint Holdings (CHPT) was down by 13.6% after reporting a 4th quarter loss of around $0.23 against expectations of $0.19 only. Similarly, the revenue figures for the CHPT were only $152.8 million, while the market was looking for a number of around $165.09 million.
Looking ahead, the market's main focus will be on the SIM Services PMI and the Fed's speech by Bowman and Bostic (FOMC members.