U.S. stock futures are trading slightly lower Tuesday morning, but that's not stopping a busy day of earnings reports and corporate news. Here's what's catching investors' attention.
Delta Air Lines Inc. (DAL) is expected to report quarterly earnings of $1.53 per share on revenue of $14.73 billion before the opening bell, according to market data. If you owned the stock, you had a quiet after-hours session to think about it—shares edged up just 0.1% to $71.06.
Meanwhile, Meta Platforms Inc. (META) is making headlines for reasons that have nothing to do with earnings. The company is reportedly planning to slash about 10% or more of the workforce in its Reality Labs division, which handles the metaverse and related projects. The move signals a strategic shift toward next-generation AI initiatives, according to The New York Times. The layoffs could be announced as soon as Tuesday. Meta shares inched up 0.1% to $642.47 in after-hours trading.
JPMorgan Chase & Co. (JPM) is another major name reporting before the bell. Analysts are projecting earnings of $4.95 per share on revenue of $46.20 billion. The banking giant's shares climbed 0.2% to $324.97 in after-hours trading as investors positioned ahead of the report.
Concentrix Corp (CNXC) is also on the earnings calendar for Tuesday morning, with expectations set at $2.91 per share on revenue of $2.54 billion. Shares gained 1% to $40.90 in after-hours trading.
Rounding out the list, Bank of New York Mellon Corp (BK) is expected to post quarterly earnings of $1.98 per share on revenue of $5.14 billion before the opening bell. Unlike the others, Bank of New York Mellon shares dipped 0.3% to $120.25 in after-hours trading.
It's shaping up to be a data-heavy morning, with financial heavyweights and a potential major restructuring at one of tech's biggest names all competing for attention.
