Dow Futures Tick Lower, Snap Plunges 27.1% After Earnings

By Oliver Gray 

Investing.com - U.S. stock futures were trading lower during Thursday’s evening deals after major benchmark averages finished lower for the second consecutive day, as market participants digested a slew of corporate earnings results, while long-term bond yields lifted to fresh 14-year highs.

By 19:20 ET (23:20 GMT) Dow Jones Futures were down 0.3%, S&P 500 Futures fell 0.5%, and Nasdaq 100 Futures dipped 0.8%.

In extended deals, Snap Inc (NYSE:SNAP) fell 27.1% after the company reported Q3 EPS of $0.08, beating expected losses of $0.24 per share, while revenue came in at $1.13 billion versus $1.12 billion expected.

Whirlpool Corporation (NYSE:WHR) fell 4.1% after the company reported Q3 EPS of $4.49, well below $5.53 expected. Revenue was reported at $4.78 billion versus $5.2 billion expected.

BJ's Restaurants Inc (NASDAQ:BJRI) moved 2.5% higher after reporting Q3 losses of $0.25 per share versus expected losses of $0.28 per share while revenue came in at $311.35 million versus $303.28 million expected.

Ahead in Friday's session, fresh earnings results are expected from Verizon Communications Inc (NYSE:VZ) before the opening bell.

During Thursday’s regular trade, The Dow Jones Industrial Average lost 90.2 points or 0.3% to 30,333.6, the S&P 500 dipped 29.4 points or 0.8% to 3,665.78, and the Nasdaq Composite fell 65.7 points or 0.6% to 10,614.8.

On the bond markets, United States 10-Year rates were at 4.233%.