Investing.com -- U.S. stock futures point lower, with investors keeping an eye on corporate results and an upcoming string of key economic data releases next week. Shares in chip designer) slip in extended hours trading after it unveiled a weaker-than-anticipated full-year revenue outlook despite a spike in enthusiasm around artificial intelligence.
But the firm, which licenses chip designs to manufacturers who then pay them royalties for each semiconductor unit shipped, reported fiscal fourth-quarter adjusted earnings per share of $0.36 on revenue of $928 million. That was ahead of Wall Street projections for EPS of $0.21 and sales of $780.2M.
The trading platform operator posted earnings per share of $0.18 in the three-month period, surpassing consensus estimates of $0.05. Net revenues came in at $618 million, exceeding projections of $543.14 million. Reacting to the results, analysts at Mizuho said they "could not have asked for a better ."China's exports increased by more than anticipated in dollar terms in April, possibly signalling momentum in the country's key manufacturing sector that Beijing hopes could support a broader economic recovery.
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