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Added on the 17/10/2018 06:26:32 - Copyright : Wochit
On Wednesday, Netflix sank as much as 6%. The dip came after Netflix missed expectations for third-quarter subscriber growth and profits. The streaming titan added 2.2 million subscribers over the three-month period, less than Wall Street's 3.3 million estimate. According to Business Insider, Netflix revenue beat expectations, earnings per share of $1.74 missed the $2.13 Street estimate. The stock tumble saw as much as $13.9 billion erased from Netflix's market cap.
Netflix and IBM reported better-than-expected results. Stocks recovered from early losses. Bobbi Rebell reports.
Wall Street stocks ended little changed on Thursday as investors kept to the sidelines ahead of Friday's U.S. payrolls report for July. Bobbi Rebell reports.
U.S. retail sales rose more than expected in May as Americans bought cars, clothes, and shopped online. Bobbi Rebell reports.
General Electric reported higher-than-expected first quarter profit, but there are concerns about revenue, which fell. Bobbi Rebell reports.
Wal-Mart posted its fifth straight gain in U.S. same-store sales as third quarter earnings beat analyst estimates. But, a strong U.S. dollar hurt international operations. Shartia Brantley reports.
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