Stock futures traded higher Tuesday following a rally in tech shares that put an end to four-session losing streaks for the
These stocks were poised to make moves Tuesday:
Zoom Video Communications
(ZM) rose 3.9% in premarket trading after the videoconferencing company’s adjusted second-quarter earnings and revenue beat analysts’ expectations. Zoom Video’s forecasts for the third quarter and year also topped estimates. The company also touted new artificial-intelligence features. “We continue to innovate and expand our platform to help bring value and enhanced productivity to our customers with new AI features like Zoom IQ Meeting Summary and Team Chat Compose,” CEO Eric Yuan said in a statement.
(TSLA) was rising 3.5% in premarket trading after closing 7.3% higher on Tuesday and snapping a losing streak of six consecutive days. Lifting the stock was a note from Baird analyst Ben Kallo, who put the electric-vehicle maker on its list of “best ideas” following second-quarter earnings. Kallo sees several catalysts ahead in the coming months for
(FN), the high-tech manufacturing services company, issued a fiscal first-quarter forecast that was better than expectations. Fourth-quarter adjusted earnings and sales also topped estimates, with
saying it saw “very strong growth in datacom revenue, driven by new AI products.” The stock jumped 18% in premarket trading.
U.S.-listed shares of
(NDSN) reported fiscal third-quarter earnings and revenue that fell from a year earlier, with the industrial automation company citing “persisting demand weakness in electronics and biopharma end markets.” The company also reduced its revenue outlook for the fiscal year.
(LOW) is expected by analysts to report second-quarter adjusted earnings of $4.47 a share, compared with the consensus call for $4.49 at the end of July. Revenue at the home-improvement retailer is forecast at about $25 billion. The stock was up 1.3% ahead of the report.
Earnings reports are also expected Tuesday from
Dick’s Sporting Goods
Write to Joe Woelfel at [email protected]