The NASDAQ 100 After Hours Indicator experienced a slight increase, up by 1.72 to 15,133.24, with an after-hours trading volume of 77,351,054 shares. This comes as several major companies prepare to release their Q3 earnings reports.
Citigroup (NYSE:C) is among the corporations set to release their Q3 earnings report. The bank is forecasting an EPS of $1.24, indicating a substantial increase from the previous year's EPS. Similarly, Bank of America has seen three upward revisions to its earnings forecast and is now expected to report a Q3 EPS of $0.81.
In the tech sector, Alphabet (NASDAQ:GOOGL) saw a minor share price increase to $138.07, while Intel Corporation (NASDAQ:INTC)'s last sale was 104.26% of its target price. Invesco QQQ Trust's shares also increased by +0.22 to $368.81, marking a significant 45.05% increase from its 52-week low.
However, not all companies experienced growth. NextEra Energy (NYSE:NEE)'s shares dipped slightly to $51.55.
In the pharmaceutical sector, Pfizer (NYSE:PFE) reached 74.4% of its target price. Bristol-Myers Squibb Company (NYSE:BMY) is eyeing a target price of $71.
In other corporate news, Comcast Corporation (NASDAQ:CMCSA) received a "buy" recommendation while CRH (NYSE:CRH) PLC hit a new 52-week high. American Electric Power Company (NASDAQ:AEP) saw an increase of +0.065, and Trip.com Group Limited is targeting a price of $50.
With these developments in the market, investors will be closely watching the upcoming earnings reports and their potential impacts on share prices.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.