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NASDAQ 100 sees after-hours surge, Citigroup and Bank of America set for Q3 earnings reports

11 October 2023 By News Team

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.

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.

Source: https://www.investing.com/news/stock-market-news/nasdaq-100-sees-afterhours-surge-citigroup-and-bank-of-america-set-for-q3-earnings-reports-93CH-3195450