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Dow futures mixed on banking crisis, Adobe adds 4.6% after earnings By
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IntroductionBy Oliver Gray - U.S. stock futures were trading in a mixed fashion during Wednesday's evening trade ...
By Oliver Gray
- U.S. stock futures were trading in a mixed fashion during Wednesday's evening trade amid growing fears of a widespread banking crisis as (SIX:) Group (NYSE:) tanked 30% during the regular session after Saudi National Bank ruled out further investment.
By 6:40pm ET (10:40pm GMT) were flat and World's largest foreign exchange trading platform ticked 0.1% higher and added 0.2%.
In extended deals, Adobe Systems (NASDAQ:) added 4.6% after Q1 EPS of $3.80 versus $3.68 expected on revenues of $4.66 billion $4.62 billion expected. The company forecasted Q2 2023 EPS in the range of $3.75-$3.80 versus $3.76 expected and revenues of $4.75-4.78 billion versus consensus of $4.76 billion.
Inc (NASDAQ:) dropped 38.7% LOWER, Q4 EPS losses of $0.55 per share versus estimates of $0.12, while revenue came in at $122.5 million versus $126.93 million.
Inc (NYSE:) added 12.6% after the company Q4 EPS of $0.15 versus $0.06 expected on revenues of $308.5 million versus $278.64 million expected.
Ahead in Thursday's trade, investors will be monitoring preliminary , and price index data, , weekly and the .
During Wednesday's regular session, the fell 280.8 points or 0.9% to 31,874.6, the lost 27.4 points or 0.7% to 3,891.9 while the added 5.9 points or 0.1% to 11,434.1.
On the bond markets, yields were at 3.462%.
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