Stock futures inch lower on Tuesday evening as earnings season picks up steam: Live updates

Large
corporations
have
strong
balance
sheets
and
are
ready
to
return
to
the
merger
and
acquisition
market
now
that
private
equity
investors
have
been
pushed
aside
as
interest
costs
have
risen,
Guggenheim Partners
executive
chairman Alan
Schwartz
said
Tuesday
on
CNBC’s
“Squawk
Box.”

“Now
they’re
seeing
the
chance
to
come
back
in,
right,
because
they
kept
their
balance
sheets
strong,”
the
former
Bear
Stearns
CEO
said.
“At
the
same
time,
the
macro
environment,
especially
geopolitical
and
all
these
other
things,
you
know,
creates
concerns
in
the
boardroom
as
to
whether
now’s
the
time,
or
wait
on
some
of
these
things.”

Guggenheim
advises
lots
of
C-suite
executives,
and
“what
we’re
saying
is
we
saw
a
big
drop
in
M&A
activity,
right,
when
the
capital
markets
tied
up
for
a
lot
of
the
private
deals,
but
now
you’re
seeing
a
lot
of,
let’s
say,
discussions
and
activity
beginning
clearly
picking
up
from
the
corporate
side
that
are
seeing
their
opportunity
to
come
in.
But
you
know,
how
many
of
those
will
get
across
the
line?”

—
Scott
Schnipper

These
are
some
of
the
companies
making
the
most
significant
moves
in
extended
trading:

• 
  Interactive
  Brokers
  Group —
  Shares
  of
  the
  electronic
  broker
  dropped
  more
  than
  4%
  in
  after-hours
  trading.
  Interactive
  Brokers
  posted
  third-quarter
  adjusted
  earnings
  of
  $1.55
  per
  share
  on
  adjusted
  revenue
  of
  $1.14
  billion.
• 
  J.B.
  Hunt
  Transport
  Services —
  The
  transportation
  and
  logistics
  stock
  lost
  3.6%
  after
  reporting
  third-quarter
  results
  that
  fell
  short
  of
  Wall
  Street’s
  expectations.
• 
  Omnicom
  Group —
  The
  marketing
  company’s
  shares
  slipped
  1.4%,
  even
  as
  the
  company
  narrowly
  beat
  analysts’
  expectations
  in
  the
  latest
  quarterly
  report.

Read
the
full
list
of
companies
moving

here.

—
Samantha
Subin

Shares
of
United
Airlines

dropped
nearly
5%
in
extended
trading

after
it
warned
that
warning
that elevated
fuel
costs
and
a
halt
in
Tel
Aviv
flights amid
the
Israel-Hamas
war
would
hit
current-quarter
profits.

The
company
said
it
expects
adjusted
earnings
to
range
between
$1.50
and
$1.80
per
share,
versus
the
$2.06
per
share
expected
by
analysts
polled
by
LSEG,
formerly
known
as
Refinitiv.

Despite
the
after-hour
moves,
United
Airlines
topped
Wall
Street’s
expectations
for
the
recent
quarter.
The
airline
reported
adjusted
earnings
of
$3.65
per
share
on
$14.48
billion
in
revenue.
That
topped
the
EPS
of
$3.35
and
$14.44
billion
anticipated
by
analysts.

—
Samantha
Subin,
Leslie
Josephs