Stock futures are showing a mixed picture Wednesday morning, but several companies are commanding attention with earnings reports that could swing markets as trading gets underway.
Wall Street is watching Deere & Co. (DE) closely as analysts expect the agricultural and construction equipment giant to report quarterly earnings of $3.85 per share on revenue of $9.85 billion before the opening bell, according to data from Benzinga Pro. Deere shares edged down just 0.03% to $498.00 in after-hours trading.
HP Inc. (HPQ) delivered a classic good news, bad news scenario after Tuesday's close. The technology company posted fourth-quarter earnings of 93 cents per share, topping the analyst consensus of 92 cents. Revenue came in at $14.6 billion, beating the Street's estimate of $14.48 billion, according to Benzinga Pro data. But here's the catch—HP announced layoffs and issued disappointing forward guidance, which sent shares tumbling 4.7% to $23.18 in after-hours action.
Chinese electric vehicle maker Li Auto Inc. (LI) is set to report earnings before Wednesday's opening bell. Analysts are projecting quarterly earnings of 4 cents per share on revenue of $3.76 billion. Investors seem cautiously optimistic, pushing shares up 1.31% to $18.56 in after-hours trading.
Dell Technologies Inc. (DELL) reported mixed third-quarter results on Tuesday but gave investors something to cheer about with raised guidance. The company lifted its full-year fiscal 2026 revenue outlook to a range of $111.2 billion to $112.2 billion, up significantly from the prior range of $105 billion to $109 billion. Dell also boosted its full-year adjusted earnings guidance to $9.92 per share from $9.55 per share, matching analyst estimates of $9.55 per share. The market responded favorably, pushing Dell shares up 3.89% to $130.82 in extended trading.
NetApp Inc. (NTAP) rounded out the earnings parade with better-than-expected second-quarter results and raised its fiscal 2026 adjusted earnings guidance. The cloud storage and data management company saw shares jump 4.78% to $116.81 in after-hours trading as investors welcomed the upbeat outlook.
With futures mixed and earnings creating divergent paths for individual stocks, Wednesday's trading session promises to sort winners from losers as investors digest these results and guidance updates.