U.S. stock futures were relatively flat after the Dow gave up most of a 300-point gain by Tuesday's close.
came in 33 cents a share ahead of estimates, with quarterly earnings of $1.33 per share. The video communications platform company's revenue beat analysts' forecasts as well, and the company gave upbeat guidance even as more people return to offices. Zoom shares gained 2.4% in the premarket. reported an unexpected profit of 8 cents per share, compared to a consensus forecast for a 29 cents per share quarterly loss. Revenue also exceeded estimates, helped by a jump in digital sales.
The maker of video chips and components also saw its revenue beat Street projections, boosted by strong growth in the company's automotive business. It also gave an upbeat outlook. Ambarella rallied 4.9% in the premarket. earned $3.34 per share for its latest quarter, beating the consensus estimate of $3.08 a share. Revenue came in above estimates as well. Comparable-store sales increased 24.7%, slightly better than the 23% consensus estimate.
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