{"id":12377,"date":"2023-08-16T23:49:48","date_gmt":"2023-08-16T23:49:48","guid":{"rendered":"https:\/\/isafespend.com\/investing\/dow-futures-tick-higher-cisco-lifts-2-2-after-earnings\/"},"modified":"2023-08-16T23:49:49","modified_gmt":"2023-08-16T23:49:49","slug":"dow-futures-tick-higher-cisco-lifts-2-2-after-earnings","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=12377","title":{"rendered":"Dow futures tick higher, Cisco lifts 2.2% after earnings"},"content":{"rendered":"<div>\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<p><span class=\"text\">\u00a9 Reuters. <\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p>Investing.com &#8211; U.S. stock futures were trading in a tight range during Wednesday&#8217;s evening deals, following a negative session among major benchmark averages as market participants assessed the growing possibility of further interest rate increases from Federal Reserve policymakers.<\/p>\n<p>By 7:25pm ET (11:35pm GMT)  were 0.1% higher while  and  were flat.<\/p>\n<p>In extended deals, Cisco Systems Inc (NASDAQ:) added\u00a0 2.2% after  EPS of $1.14 versus $1.06 expected, while revenues were reported at $15.2 billion, exceeding expectations of $15.05 billion.<\/p>\n<p><span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> Synopsys Inc <\/span><\/span> <\/span><\/span> (NASDAQ:) added 1.6% after  quarterly EPS of $2.88 versus versus $3.02 expected on revenues of $1.49 billion versus x expected.<\/p>\n<p>Avnet (NASDAQ:) added 6.8% after  Q4 EPS of $2.06 versus $1.65 expected, while revenue came in at $6.6 billion versus $6.27. Avnet sees Q1 2024 EPS of $1.45-$1.55. Avnet sees Q1 2024 revenue of $6.15-6.45 billion expected.<\/p>\n<p>Wolfspeed Inc (NYSE:) shed 14.4% after  Q4 losses of $0.42 per share versus expected losses of $0.20 per share, while revenues came in at $235.8 million versus $224.53 million.<\/p>\n<p><span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> Paycor HCM <\/span><\/span> <\/span><\/span> Inc (NASDAQ:) dipped 6%,  Q4 EPS of $0.08 versus $0.05 expected on revenues of $140 million versus $136.51 million expected.<\/p>\n<p>Ahead in Thursday&#8217;s trade, investors will be looking towards , the  and the , as well as earnings results from Walmart Inc (NYSE:), Applied Materials Inc (NASDAQ:), <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> Ross Stores Inc <\/span><\/span> <\/span><\/span> (NASDAQ:), Tapestry Inc (NYSE:) and Lenovo Group (OTC:).<\/p>\n<p>During Wednesday&#8217;s regular session, the  fell 180.7 points or 0.5% to 34,765.8, the  lost 33.5 points or 0.8% to 4,404.3 and the  lost 156.4 points or 1.2% to 13,474.6.<\/p>\n<p>On the bond markets,  rates were nearing fresh 16-year highs of 4.258%.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.investing.com\/news\/stock-market-news\/dow-futures-tick-higher-cisco-lifts-22-after-earnings-3155972\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a9 Reuters. Investing.com &#8211; U.S. stock futures were trading in a tight range during Wednesday&#8217;s evening deals, following a negative session among major benchmark averages as market participants assessed the growing possibility of further interest rate increases from Federal Reserve policymakers. By 7:25pm ET (11:35pm GMT) were 0.1% higher while and were flat. In extended<\/p>\n","protected":false},"author":1,"featured_media":12378,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[32],"class_list":{"0":"post-12377","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing","8":"tag-featured"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dow futures tick higher, Cisco lifts 2.2% after earnings | iSafeSpend<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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