Video streaming giant Netfllix Inc. (NASDAQ: NFLX) reported a 25% growth in second-quarter revenues as the company continued to expand its subscriber base. Meanwhile, earnings missed Wall Street’s prediction and the stock declined on Thursday evening following the announcement.
At 192.95 million, the number of global paid members was up 27.3% from the year-ago period. Total revenues surged 25% annually to $6.15 billion.
Second-quarter net income was $720 million or $1.59 per share, compared to $271 million or $0.60 per share last year. While revenues topped the estimates, earnings missed.
Also read: Is Netflix a buy after rising 50% in 2020?
Netflix’s stock dropped during Thursday’s after-hours trading session, after closing the regular session higher.
Walmart Inc. (NYSE: WMT) reported its first-quarter 2023 earnings results today. Total revenue rose 2.4% year-over-year to $141.6 billion, beating market expectations. Revenue growth was 2.6% in constant currency. Consolidated
Gaming company Take-Two Interactive Software, Inc. (NASDAQ: TTWO) announced fourth-quarter 2022 results Monday after the closing bell, reporting an 11% revenue growth. Fourth-quarter revenues rose to $930.0 million from $839.4
Shares of Pinterest Inc. (NYSE: PINS) stayed in green territory on Monday. The stock has dropped 40% year-to-date and 62% in the past 12 months. There is a mixed sentiment