Dow futures rose more than 200 points after the 30-stock average and the S&P 500 broke four-session losing streaks.
reported better-than-expected quarterly earnings, with an adjusted gross margin of 65%. BlackBerry reported a loss of 6 cents per share, compared with the expected loss of 7 cents per share, according to Refinitiv. Revenue came in at $175 million, topping estimates of $164 million. Shares rose more than 7% premarket. raised its full-year 2022 revenue guidance to between $26.25 billion and $26.35 billion. This is higher than the company's previous estimate of revenue between $26.
rose in premarket trading despite missing top and bottom-line estimates. KB Home reported quarterly earnings of $1.60 on revenue of $1.47 billion. Wall Street expected earnings of $1.62 per share on revenue of $1.57 billion, according to Refinitiv.
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