top of page

Pre-Market Share Activity: Netflix, Tesla, United Airlines and Others

Lanon Wee

Prior to the market open, the following companies made headlines. Netflix was down 7% due to a mixed quarterly performance. Earnings per share stood at $3.29 while revenue was $8.19 billion, missing Refinitiv's expectations of $2.86 per share and $8.30 billion in revenue. The company also admitted it was yet to divide revenue from its new ad-supported tier and password-sharing policies. Tesla shares dropped 4%, despite having released better-than-anticipated figures for top and bottom lines and record quarterly revenue. Their operating margins however, were at the lowest in five quarters due to price cuts. IBM reported a revenue miss for the second quarter, partly due to a downtrend in the infrastructure division, while managing to beat analysts' estimates on gross margin. Johnson & Johnson, on the other hand, generated better-than-expected outcomes, accompanied by an upgraded full-year guidance. Las Vegas Sands beat Refinitiv's predictions for the second quarter, however their stock dropped 2%. Taiwan Semiconductor saw their first profit shrink in four years due to a slump in consumer electronics, yet still managed to surpass Refinitiv's estimate on net income. Discover Financial, United Airlines, Zions Bancorp, American Airlines, D.R. Horton and Blackstone, all posted varied results - outperforming, meeting, or not meeting analyst expectations. Finally, Morgan Stanley upgraded Anheuser-Busch shares which rose less than 1% in pre-market trading. — CNBC's Tanaya Macheel, Alex Harring, Jesse Pound and Yun Li contributed reporting.

0 comments

コメント


We help clients solve critical operational, business & financial issues using innovative technologies such as Web3 & Blockchain.

Address:

20 CECIL STREET, #05-03, PLUS, Singapore 049705

2023 Intric Technologies Pte Ltd

bottom of page