Video streaming giant Netfllix Inc. (NASDAQ: NFLX) reported a 23% growth in third-quarter revenues as it continued to expand the subscriber base. Earnings increased but missed Wall Street’s prediction and the company’s stock dropped on Tuesday evening following the announcement.
At 195.15 million, the number of global paid members was up 23% from the year-ago period but below the consensus forecast. Total revenues surged 23% annually to $6.44 billion and topped the Street view.
Third-quarter net income was $790 million or $1.74 per share, compared to $665.2 million or $1.47 per share last year. However, earnings missed the estimates.
Netflix’s stock dropped during Tuesday’s extended trading session, after closing the regular session lower.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Energy giant ExxonMobil Corporation (NYSE: XOM) reported a profit for the second quarter of 2021, compared to a loss last year, even as operating conditions continued to improve. The results
Caterpillar Inc (NYSE: CAT) reported second-quarter 2021 financial results before the regular market hours on Friday. The manufacturer of construction machinery and equipment reported Q2 revenue of $12.9 billion, up
Chevron Corporation (NYSE: CVX) reported second-quarter 2021 earnings results today. Total revenues amounted to $37.5 billion compared to $13.4 billion in the year-ago period. The reported net income was $3.1