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By 7:15pm ET (11:15pm GMT) Dow Jones Futures and Nasdaq 100 Futures were up 0.2% while S&P 500 Futures ticked 0.1% higher.
In extended deals, PayPal (NASDAQ:PYPL) lost 6.8% after the company reported Q2 EPS of $1.16 versus $1.15 expected, while revenues were reported at $7.29B versus estimates of $7.27B. PayPal also forecasted Q3 2023 EPS in the range of $1.22-$1.24 versus $1.22 expected and revenues of $7.4 billion versus $7.32 billion expected.
Upwork Inc. (NASDAQ:UPWK) popped 19.4%, reporting Q2 EPS of $0.10 versus $0.00 expected. while quarterly revenue came in at $168.61 million versus $162.53 million expected.
DoorDash Inc (NYSE:DASH) added 4.9% after reporting Q2 losses of $0.44 per share versus expected losses of $0.41 per share. Revenue was reported at $2.13 billion versus $2.06 billion.
Qualcomm (NASDAQ:QCOM) dropped 7.1%, reporting Q3 EPS of $1.87 versus $1.81 expected, with revenue reported at $8.44 billion versus $8.51 billion expected. Qualcomm forecasted Q4 2023 EPS in the range of $1.80-$2.00 versus $1.91 expcted, while revenues are expected in the range of $8.1-8.9 billion versus $8.7 billion expected.
Etsy (NASDAQ:ETSY) lost 6.1% after the company reported Q2 EPS of $0.45 versus $0.42 expected. Revenues came in at $628.9 million versus $618.62 million expected.
Ahead in Thursday’s trade, investors will be closely monitoring weekly jobless claims, preliminarly nonfarm productivity as well as the Markit and ISM services PMIs.
On the earnings front, major companies reporting quarterly results include Apple Inc (NASDAQ:AAPL), Amazon.com Inc (NASDAQ:AMZN), ConocoPhillips (NYSE:COP), Airbnb Inc (NASDAQ:ABNB), and Booking Holdings Inc (NASDAQ:BKNG).
Stay ahead of the curve this earnings season with InvestingPro.
During Wednesday’s regular session, the Dow Jones Industrial Average dipped 348.2 points or 1% to 35,282.5, the S&P 500 slipped 63.3 points or 1.4% to 4,513.4 and the NASDAQ Composite lost 310.5 points or 2.2% to 13,973.5.
Among data releases, ADP nonfarm employment change data came in well above expectations at 324K, while falling from the previous month’s reading of 455K.
On the bond markets, United States 10-Year rates were at 4.088%.
