Dow futures little changed, Cadence Design Systems falls 3.9% after earnings
Investing.com — U.S. stock futures were trading steady during Monday's evening deals, following a positive session among major benchmark averages as market participants braced for further earnings from major companies throughout the week.
By 7:10pm ET (11:10pm GMT) Dow Jones Futures, S&P 500 Futures and Nasdaq 100 Futures were trading within a range of 0.1%.
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In extended deals, Cadence Design Systems (NASDAQ:CDNS) dipped 3.9%, reporting Q2 EPS of $1.22 versus $1.18 expected, while revenues were reported at $976.58M versus $975.99 million expected. The company forecasted FY2023 EPS in the range of $5.05-$5.11 versus $5.03 expected and revenues in the range of $4.05-4.09 billion versus the $4.06 billion expected.
F5 Networks (NASDAQ:FFIV) lifted 8.7% after the company reported Q3 EPS of $3.21 versus $2.86 expected on revenues of $703 million versus $698.81 million expected.
NXP Semiconductors (NASDAQ:NXPI) added 1.7% after the company reported Q2 EPS of $3.43 versus $3.28 expected, while revenue came in at $3.3 billion versus $3.21 billion expected.
Ahead in Tuesday's trade, investors will be closely monitoring fresh housing price index and CB consumer confidence data as well as quarterly earnings results from companies including Microsoft Corporation (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL) Inc Class C (NASDAQ:GOOG), Visa Inc Class A (NYSE:V), Texas Instruments Incorporated (NASDAQ:TXN), Verizon Communications Inc (NYSE:VZ), General Electric Company (NYSE:GE) and UBS Group AG (NYSE:UBS).
Also in focus is the U.S. Federal Reserve’s interest rate decision on Wednesday, amid expectations of a further 25 basis point rate hike.
During Monday's regular session, the
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