Welcome to the latest edition of our extended trading roundup, where we bring you the latest updates on the companies making headlines after the market closes. Here’s a look at some of the top movers and shakers from the world of finance.
First up, we have Netflix, the popular streaming service that saw a major surge in its stock price, jumping 8.5% after reporting an impressive 13.1 million new subscribers. This pushed its total membership count to an all-time high of 260.8 million paid subscribers. In addition to this subscriber growth, Netflix also posted a revenue beat during the fourth quarter, with $2.11 earnings per share on $8.83 billion in revenue, surpassing the $2.22 earnings per share and $8.72 billion in revenue forecasted by analysts.
On the flip side, Texas Instruments saw its shares fall by 4% after issuing weak first-quarter earnings and revenue guidance. The company is estimating earnings per share to fall between 96 cents and $1.16, compared to consensus estimates of $1.41, with revenue also expected to come in lower, in a range of $3.45 billion to $3.75 billion, compared to estimates of $4.06 billion.
Moving on to Intuitive Surgical, the stock advanced by 5% after the company posted a beat on both top and bottom lines. Intuitive Surgical reported adjusted earnings of $1.60 per share on $1.93 billion in revenue, surpassing the analysts’ forecast of $1.48 per share on $1.89 billion in revenue. Additionally, the company reported a 21% year-over-year jump in procedures using its da Vinci robotic surgery technology.
Last but not least, East West Bancorp saw its shares fall about 3% after posting an earnings miss. The regional bank posted $1.69 earnings per share, coming in 5 cents below analysts’ estimates, according to FactSet. Despite this, the company also increased its quarterly dividend by nearly 15%.
Overall, it’s been an eventful day in the world of finance, with some companies soaring to new heights and others facing challenges. As always, it’s important to keep an eye on these developments as they unfold and to stay informed about the latest news and trends in the market.
That’s all for now, but be sure to check back for more updates and analysis on the companies and stocks making waves in extended trading. Thanks for joining us, and happy investing!
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