Stocks making the biggest moves after hours: Netflix, IBM, Disney and more

Market Insider

Fans gather at the Netflix booth at a trade show.
Mike Blake | Reuters

Check out the companies making headlines after the bell

Netflix — Shares of the streaming giant plummeted 25% after reporting a loss of 200,000 subscribers in the first quarter. It marked the first time Netflix reported a loss in subscribers in over a decade. The company also reported a beat on earnings but a miss on revenues.

IBM — IBM’s stock rose 3% during extended trading after reporting a beat on the top and bottom lines in the first quarter. The technology services company reported adjusted earnings of $1.40 per share on $14.2 billion in revenue. Analysts expected earnings of $1.38 a share on revenues of $13.85 billion.

Streaming companies — Shares of Disney, Roku, Warner Bros. Discovery and Paramount dipped 5%, 7%, 2.8% and 5.2%, respectively, in extended trading. The moves came as Netflix reported a loss of 200,000 subscribers in its recent quarter.

Interactive Brokers — Interactive Brokers’ stock dipped in extended trading after reporting earnings for the recent quarter. The company reported a miss on revenue but saw earnings per share of 82 cents, which fell in line with analysts’ estimates.

Omnicom Group — Shares of the marketing and advertising company rose more than 1% after reporting a beat on earnings estimates in the first quarter. Meanwhile, Omnicom saw revenue decline from the year-ago quarter.

Products You May Like

Articles You May Like

What Is a W-9 Form and How Is It Used? A Guide
Stocks making the biggest moves premarket: CarMax, FedEx, Seagen and more
3 Safest Dividend-Paying ETFs to Buy Now
Rating 9 Oil Stocks With the Highest Dividends
Athira Pharma: The Market Is Missing A Potential New Alzheimer’s Drug

Leave a Reply

Your email address will not be published.