U.S. stock index futures were subdued on Thursday as investors assessed earnings from companies, including Southwest Airlines and AT&T, while awaiting weekly jobless claims data for clues on the pace of recovery in the U.S. labor market.
At 8:05 a.m. ET, Dow E-minis were down 23 points, or 0.07%, S&P 500 E-minis were down 5.25 points, or 0.13% and Nasdaq 100 E-minis were up 24 points, or 0.17%.
Stocks making the biggest moves in the premarket:
American Airlines(AAL) – The airline lost $4.32 per share for the first quarter, one cent a share wider than consensus estimates. The stock rallied 3.6% premarket after American said its cash flow turned positive by the end of the quarter, excluding debt payments.
Teradata(TDC) – Share of the database and analytics software provided soared 27.1% in premarket trading after it presented preliminary first-quarter data that was well above its prior earnings guidance. Teredata continues to benefit from its ongoing growth in cloud computing.
Equifax(EFX) – The credit reporting agency's stock jumped 8.5% in premarket trading after it reported better-than-expected earnings and raised its annual guidance. The company's performance was helped by a 59% increase in revenue from its workforce solutions business.
Tractor Supply(TSCO) – The farm equipment and supplies maker earned $1.55 per share for its latest quarter, well above the 97 cents a share consensus estimate. Revenue also came in above forecasts as comparable-store sales jumped nearly 39%. Tractor Supply also raised its full-year outlook, and shares surged 7% in the premarket.
AT&T(T) – AT&T reported quarterly earnings of 86 cents per share, 8 cents a share above estimates. Revenue also came in above forecasts and AT&T added more wireless customers during the quarter than analysts had anticipated. The stock rose 1.1% in premarket trading.
Alaska Air(ALK) – The airline posted a first-quarter loss of $3.51 per share, smaller than the loss of $3.63 a share that analysts had anticipated. Revenue came in above consensus estimates. The company said improved conditions allowed it to achieve positive cash flow during March, and the stock added 1.3% in premarket action.
Southwest Airlines(LUV) – Southwest'squarterly loss of $1.72 per sharewas smaller than the anticipated loss of $1.85 a share. Revenue was essentially in line with Wall Street forecasts, and Southwest forecast a lower cash burn rate for the current quarter as conditions improve.
D.R. Horton(DHI) – The luxury home builder's shares added 1.8% in premarket action after it reported better-than-expected sales and earnings for its latest quarter and predicted strong full-year revenue. Strong demand and low mortgage rates helped sales nearly double during its most recent quarter.
Chipotle Mexican Grill(CMG) – Chipotle shares gained 1.2% in premarket trading after the restaurant chain reported better-than-expected earnings and a 17.2% increase in comparable-store sales. Digital sales more than doubled during the quarter, and Chipotle said it expected a better than 30% jump in comparable sales this quarter as customers return to its physical locations.
Whirlpool(WHR) – The appliance maker's shares added 1.8% in premarket action after it reported quarterly earnings of $7.20 per share, well above the $5.41 a share consensus estimate. The company also reported better-than-expected revenue. Whirlpool raised its full-year guidance and boosted its quarterly dividend to $1.40 per share from $1.25 a share.
Sleep Number(SNBR) – The mattress retailer's shares tumbled 6% in premarket trading after sales fell short of forecasts even as earnings came in better than expected. Sleep Number's sales were impacted by supply chain issues.
Churchill Downs(CHDN) – The operator of the Churchill Downs racetrack and other entertainment and gaming venues saw its stock rise 2.1% in the premarket after reporting better-than-expected earnings and revenue for its latest quarter. The company's gaming segment saw earnings surge 72% from the prior year.
Discover Financial(DFS) – The financial services company earned $5.04 per share for its latest quarter, beating the $2.82 a share consensus estimate by a wide margin. The stock rallied 3.7% in the premarket.
Netgear(NTGR) – The computer networking equipment maker's shares fell 3.5% in premarket trading after giving a weaker-than-expected current-quarter forecast. Netgear beat Wall Street forecasts for its most recent quarter, however, but said it is being impacted by supply chain issuesand higher freight costs.