Red Futures Hit Wall Street

Benzinga

Wall Street futures are flashing red this Wednesday, but earnings season is stealing the spotlight.  - TJX Companies reports before the bell: $1.01 EPS expected on $14.13B revenue.  - Toll Brothers surprised with strong Q3 results, projecting 3,350 homes next quarter at nearly $1M each — yet shares dipped 1.7%.  -Target is set to post $2.05 EPS on nearly $25B revenue, with shares ticking higher in after-hours.  - La-Z-Boy plunged 23% on weak results and cautious guidance.  - Lowe’s reports this morning with $2.04 EPS expected on $24.9B revenue.

Transcript

00:00Wall Street is waking up to red futures this Wednesday, but a few big names are still stealing

00:04the spotlight. TJX Companies is set to report before the bell, with analysts expecting $1.01

00:10per share on $14.13 billion in revenue. Shares slipped slightly in after hours.

00:17Toll Brothers surprised with stronger Q3 earnings Tuesday, projecting around 3,350 homes next quarter

00:24at nearly $1 million each, but shares still dipped 1.7%. Target is also on deck before the open.

00:31Analysts see $2.05 per share on nearly $25 billion in revenue, and shares ticked higher in after hours.

00:39Lazy Boy dropped a staggering 23% after weaker results and cautious guidance, while Lowe's

00:44will report this morning with expectations of $2.04 per share on $24.9 billion.

00:51Follow Benzinga for more market updates.

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