U.S. stock futures are trading lower this morning on Wednesday, indicating a potentially challenging day for investors. However, there are several stocks that may attract attention today.
One company that investors will be keeping an eye on is KB Home (KBH). Wall Street expects the homebuilder to report quarterly earnings of $1.69 per share on revenue of $1.62 billion after the closing bell. In after-hours trading, KB Home shares gained 0.6% to $62.94.
Another company that has reported better-than-expected earnings is PriceSmart, Inc. (PSMT). The retail company announced strong first-quarter earnings on Tuesday, leading to a 9.8% jump in its shares to $80.10 in after-hours trading.
Richardson Electronics, Ltd. (RELL) is also set to release its latest quarterly earnings. Analysts are expecting the company to earn 1 cent per share on revenue of $52.00 million. In after-hours trading, Richardson Electronics shares rose 1.7% to $12.85.
In other news, Intuitive Surgical, Inc. (ISRG) announced preliminary revenue of $1.93 billion for the fourth quarter, surpassing market estimates of $1.87 billion. As a result, Intuitive shares climbed 5.3% to $348.00 in the after-hours trading session.
SMART Global Holdings, Inc. (SGH) posted better-than-expected earnings for its first quarter and also announced the approval of a $75 million share repurchase authorization. Following this news, SMART Global shares jumped 10.5% to $20.40 in after-hours trading.
It is essential for investors to stay informed about the latest developments in the stock market. By keeping track of earnings reports and market reactions, investors can make more informed decisions about their portfolios.
For more premarket coverage and updates, interested individuals can check out the link provided in the article. It is crucial to gather as much information as possible before making any investment decisions.
Overall, the stock market is constantly evolving, and staying informed about the latest news and earnings reports is crucial for investors. By keeping a close eye on companies like KB Home, PriceSmart, Richardson Electronics, Intuitive Surgical, and SMART Global Holdings, investors can position themselves for success in the market.
