U.S. stock futures were trading mixed on Wednesday morning, as investors awaited key earnings reports from several major companies. Notably, McDonald’s Corporation is anticipated to release its quarterly earnings before the market opens, with expectations set at $3.33 per share and revenue projected at $7.09 billion. McDonald’s shares saw a slight increase of 0.1%, bringing them to $299.43 during after-hours trading.
In contrast, Pinterest Inc. delivered disappointing third-quarter results, revealing a revenue of $1.05 billion—consistent with analysts’ expectations but below guidance for adjusted earnings. The company reported earnings of 38 cents per share, missing estimates that had projected 42 cents. Following these results, Pinterest’s stock plummeted by 20.1%, closing at $26.30.
Qualcomm Inc. is also in focus, with analysts predicting quarterly earnings of $2.87 per share and revenue of $10.77 billion. The telecommunications giant is scheduled to release its report after market hours, and its shares dipped 0.4% to $172.11 in after-hours trading.
On a more optimistic note, Advanced Micro Devices Inc. announced better-than-expected financial results for its third quarter. The company forecasts fourth-quarter revenue in the range of approximately $9.6 billion, with a margin of $300 million, surpassing the analysts’ expected revenue of around $9.15 billion. Nonetheless, AMD shares fell 4.7%, settling at $238.20 during the after-hours session.
Meanwhile, Humana Inc. is projected to report quarterly earnings of $2.82 per share on revenues amounting to around $32.01 billion. In anticipation of its earnings release, shares of Humana gained 1%, reaching $284.69 in after-hours trading.
Investors are closely monitoring these developments as they navigate the fluctuating market landscape.
