Stocks making the biggest moves after hours: Netflix, Tesla, Lam Research, Las Vegas Sands and more

by | Oct 18, 2023 | Financial

Check out the companies making headlines in after-hours trading. Netflix — Shares of the streaming giant soared 12% after beating Wall Street’s expectations for profits in the third quarter. Netflix notched $3.73 per share on $8.54 billion in revenue while analysts polled by LSEG, formerly known as Refinitiv, forecast earnings of $3.49 per share and revenue of $8.54 billion. The company also reported stronger-than-expected subscriber growth of 8.76 million in the quarter. Analysts called for the streaming giant to add 5.49 million subscribers, per Street Account. Tesla — Stock in the electric vehicle maker ticked up 1.4%, even after the company posted a third-quarter miss on the top and bottom lines. Tesla reported adjusted earnings of 66 cents per share on $23.35 billion in revenue while analysts polled by LSEG called for earnings of 73 cents per share and $24.10 billion of revenue. Margins also declined from the year-ago period, the company said. Zions Bancorporation — Shares fell 4% after the regional bank posted an earnings miss. Zions reported earnings of $1.13 per share in the third quarter, while analysts surveyed by LSEG expected $1.15 per share. Net interest income was $585 million, down 12% from the year-ago period. Las Vegas Sands — The casino and resort stock added 5% on the heels of a third-quarter revenue beat. The company reported $2.8 billio …

Article Attribution | Read More at Article Source

Share This