After-Hours Stock Movers 04/19: IBM Gains on Beat; Netflix Plummets on Sub Miss (more...)
After-Hours Stock Movers:
Netflix (NASDAQ: NFLX)
color:red">26% LOWER; Q1 global streaming subscribers fell 200k versus an expected gain of 2.5 million. Q1 EPS was $3.53, versus the consensus of $2.90. Revenue was $7.87 billion versus the consensus estimate of $7.93 billion. Netflix sees Q2 2022 EPS of $3.00, versus the consensus of $3.01. Netflix sees Q2 2022 revenue of $8.05 billion, versus the consensus of $8.21 billion. The company sees Q2 global streaming paid net additions of -2 million, versus the consensus of 2.4 million.
Roku, Inc. (NASDAQ: ROKU) 7% LOWER; falls on Netflix's results, which could be an ominous sign for Roku's results.
The Walt Disney Company (NYSE: DIS) 5% LOWER; falls on Netflix's results, which could be ominous for Disney+ numbers.
Teva (NYSE: TEVA) 4% LOWER; The company and MedinCell announced that the FDA has issued a Complete Response Letter regarding the New Drug Application (NDA) for TV-46000/mdc-IRM (risperidone extended-release injectable suspension for subcutaneous use) for the treatment of schizophrenia
Spotify (NYSE: SPOT) 4% LOWER; falls on Netflix's results.
IBM (NYSE: IBM)
color:darkgreen">2% HIGHER; Q1 EPS was reported at $1.40, $0.02 better than the analyst estimate of $1.38. Revenue was $14.2 billion versus the consensus estimate of $13.85 billion. The company sees revenue growth for the year at the high end of its model.