Stockmarket

Dow futures steady, Gamestop surges 47.4% after earnings



© Reuters

By Oliver Gray

Investing.com – U.S. stock futures were trading in a tight range during Tuesday’s evening deals, after major benchmark averages finished the regular session in a positive fashion as market participants look ahead to Wednesday’s key from Federal Reserve policymakers.

By 6:40pm ET (10:40pm GMT) , , were each trading within a range of 0.1%.

In extended deals, GameStop Corp (NYSE:) popped 47.4% after Q4 EPS of $0.16 versus expected losses of $0.13 per share, while revenue was reported at $2.23 billion versus $2.18 billion expected.

Meme stocks rallied following the results, with Bed Bath & Beyond Inc (NASDAQ:) up 7.4% and AMC Entertainment Holdings Inc (NYSE:) adding 0.2%.

Nike Inc (NYSE:) ticked 1.9% lower after the company Q3 EPS of $0.79 versus $0.55 expected on revenues of $12.4 billion versus $11.47 billion expected.

Paysign Inc (NASDAQ:) lifted 2.6% after Q4 EPS of $0.01, in-line with expectations, while revenue came in at $10.6 million versus $10.77 million expected. The company also forecasted Q1 2023 revenue in the range of $10.2-10.3 million versus $10.544 million expected.

Ahead in Wednesday’s session, the Federal Reserve will conclude its two-day policy meeting, announcing the and holding a .

On the earnings front, companies including Tencent Holdings Ltd (HK:) ADR (OTC:) and Winnebago Industries Inc (NYSE:) are set to deliver quarterly results.

During Tuesday’s regular trade, the added 316 points or 1% to 32,560.6, the gained 51.3 points or 1.3% to 4,002.9 and the added 184.6 points or 1.6% to 11,860.1.

On the bond markets, rates were at 3.608%.



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