After-hours moves: Netflix gains on sub beat, Nordstrom falls on weak holiday season

After-Hours Stock Movers:

Netflix (NASDAQ: NFLX) 7% HIGHER; reported Q4 EPS of $0.12, $0.47 worse than the analyst estimate of $0.59. Revenue for the quarter came in at $7.85 billion versus the consensus estimate of $7.84 billion. Global streaming paid net additions grew 7.66 million, versus 4.5 million forecasted from the company. The company sees Q1 revenue of $8.172 billion and EPS of $2.82, versus the consensus of $8.15 billion and $2.97. The company also announced that Reed Hastings has become Executive Chairman, and Greg Peters has stepped up from COO to become Ted Sarandos’ co-CEO, and a member of the Netflix board.

Nordstrom, Inc. (NYSE: JWN) 6% LOWER; announced a net sales decrease of 3.5 percent for the nine-week holiday period ended December 31, 2022, compared with the nine weeks ended January 1, 2022. For the Nordstrom banner, net sales decreased 1.7 percent, while net sales at the Nordstrom Rack banner decreased 7.6 percent.

Kohl's Corporation (NYSE: KSS) 5% LOWER; falls on Nordstrom's guidance.

Macy's, Inc. (NYSE: M) 2% LOWER; falls on Nordstrom's guidance.

Warner Bros. Discovery, Inc. (WBD) 1% HIGHER; gains on Netflix's strong subscriber numbers

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