Netflix shares slump on revenue outlook, Tesla’s stock slips on margin fears, and other stocks on the move

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Movers & Shakers: Chilly receptions for Netflix and Tesla quarterly results

Stock gainers International Business Machines Corp.’s IBM, +2.72% stock rose 2.9% after the tech giant reported better-than-expected second-quarter profit.

Zions Bancorp. ZION, +9.47% shares jumped 8% after the regional bank reported a profit that topped expectations, with executives citing a rebound in customer deposits but higher resulting costs. Tesla Inc. TSLA, -6.86% shares dropped 7.3% after the electric-vehicle maker beat Wall Street analysts for its second quarter but not in the blowout fashion that some market observers were expecting.

Equifax Inc. EFX, -9.46% shares fell 10.2% after the credit-reporting company reduced its full-year forecast, blaming a weak mortgage market.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Netflix shares slump on revenue outlook, Tesla stock slips on margin fears and other stocks on the moveTesla, Netflix and United Airlines are among the stocks that are active.
Source: MarketWatch - 🏆 3. / 97 Read more »

Tesla earnings: What to expect from the Cybertruck makerTesla earnings arrive Wednesday amid a rally for Tesla stock and Cybertruck's arrival.
Source: MarketWatch - 🏆 3. / 97 Read more »

Tesla’s Elon Musk says his new company xAI will ‘enhance’ Tesla valueTesla Inc. Chief Executive Elon Musk said that his new venture, a startup focusing on artificial intelligence, will not compete with the EV maker but instead...
Source: MarketWatch - 🏆 3. / 97 Read more »

Nasdaq futures slide as Tesla and Netflix results damp earnings optimismNasdaq futures were underperforming early Thursday, after results from Tesla and Netflix were not well received by traders.
Source: MarketWatch - 🏆 3. / 97 Read more »