Dow futures tick higher, Microsoft gains 3.5%, Alphabet sheds 6.5% after earnings
Investing.com — US stock futures were trading in a mixed fashion during Tuesday's evening deals, following gains among major benchmark averages as investors remained focused on fresh earnings results from tech giants Microsoft Corporation (NASDAQ:MSFT) and Alphabet Inc. (NASDAQ:GOOG).
By 6:25pm ET (10:25pm GMT) Dow Jones Futures were up by 0.1%, S&P 500 Futures dipped 0.2% and Nasdaq 100 Futures slipped 0.3%.
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In extended deals, Microsoft (NASDAQ:MSFT) added 3.5% after reporting Q1 EPS of $2.99 versus $2.65 expected while revenues came in at $56.5 billion versus $54.53 expected. The company's cloud computing platform Azure also grew 29% in the quarter, compared to expected growth of 26%.
Alphabet Inc. (NASDAQ:GOOGL) shed 6.5% after the company reported Q3 EPS of $1.55 versus $1.45 expected, while revenues were reported at $76.69 billion versus $75.98 billion expected. Cloud revenue rose to $8.4 billion versus $8.6 billion expected.
Texas Instruments (NASDAQ:TXN) dipped 4.6% reported Q3 EPS of $1.80 versus $1.82 expected, while revenues were reported at $4.53 billion versus $4.57 billion expected.
Ahead in Wednesday's trade, investors will be monitoring building permits, new home sales as well as a speech from Fed Chair Powell.
Major earnings are also expected to continue with Meta Platforms Inc (NASDAQ:META), International Business Machines (NYSE:IBM), T-Mobile US Inc (NASDAQ:TMUS) and Boeing Co (NYSE:BA) set to report quarterly results.
During Tuesday's regular trade, the Dow Jones Industrial Average gained 205 points or 0.6% to 33,141.4, the S&P 500 added 30.7 points or 0.7% to 4,247.7 and the NASDAQ Composite lifted 121.6 points or 0.9% to 13,139.9.
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