Netflix (NFLX): Shares soared 10% after the company said it added 2.41 million subscribers during the third quarter, surpassing Wall Street’s estimates of 1 million. Netflix executives noting in the earnings release that “after a challenging first half, we believe we’re on a path to reaccelerate growth” and the key is “pleasing members.” Netflix noted the strong dollar as a headwind and estimates the greenback’s appreciation to negatively impact full year 2022 revenue by up to $1 billion. Manhattan Venture Partners Head of Research Santosh Rao told Yahoo Finance that the strong subscriber growth numbers is evidence “everything is working” for Netflix and that the company is now launching the ad-supported tier from a “position of strength.”
United Airlines (UAL): Shares jumped 6% in extended trading after the carrier beat on both the top and bottom lines. Revenue reached $12.9 billion on adjusted earnings per share of $2.81. United was bullish on demand despite a slowing economy, saying it expects the “Covid recovery trend to overcome recessionary pressures.”
Intuitive Surgical (ISRG): Shares gained after the robotic surgery giant reported third-quarter revenue of $1.56 billion, up 11% from a year ago, on adjusted earnings of $1.19 per share. The company also announced it repurchased $1 billion of common stock in the third quarter of 2022.
J.B. Hunt (JBHT): The company beat earnings on both the top and bottom line during the third quarter, pushing shares higher in extended trading. Operating revenue totaled $3.84 billion, up 22% from a year ago, driven in mart by a 13% climb in truckload volume.
Parallel Markets, a global investor identity company, wants to reduce the tension of customer onboarding and verification for traditional and crypto-native firms. Parallel Markets Co-Founder and CEO Tony Peccatiello, along with President & Head of Partnerships Suzanne Elovic, join “First Mover” live from I.D.E.A.S. 2022 by CoinDesk, to share insights into how this works and the privacy implications.
Carnival Corp (NYSE: CCL) said its subsidiary, Carnival Holdings Limited, has commenced a private offering of $1.25 billion aggregate principal amount of Senior Priority Notes due 2028. The senior priority notes will be fully and unconditionally guaranteed on an unsecured basis, jointly and severally, Carnival plc and its subsidiaries. The company and its subsidiaries will contribute 12 unencumbered vessels to the Issuer, with each of the vessels continuing to be operated under one of Carnival P
BlackRock, the world’s biggest asset manager, told a British parliamentary committee that it will not stop investing in coal, oil and gas, and that its role was not to “engineer a specific decarbonization outcome in the real economy.” The response was part of tens of statements from companies to the Environmental Audit Committee, which is examining the role of financial institutions, including UK signatories to the Glasgow Financial Alliance for Net Zero (GFANZ).
United Airlines Holdings on Tuesday forecast a profit for the current quarter well above Wall Street estimates after reporting higher-than-expected third-quarter earnings due to a robust rebound in travel demand. The Chicago-based carrier reported an adjusted profit of $2.81 per share for the third quarter, topping analysts’ expectations by 53 cents, according to Refinitiv data. United said it expects an adjusted profit of $2.00 to $2.25 per share in the fourth quarter through December on a 24% to 25% jump in total revenue per available seat mile compared with the same quarter in 2019.
Darling Ingredients Inc (NYSE: DAR) has entered into a definitive agreement to acquire all of the shares of collagen products producer Gelnex for $1.2 billion in cash. Gelnex, headquartered in Brazil with five facilities in South America and one in the U.S., exports to more than 60 countries worldwide and has 1,200 employees. Gelnex has the capacity to produce 46,000 metric tons of collagen products annually. Darling’s health brand Rousselot is a manufacturer and supplier of hundreds of collagen
Yahoo Finance Video
Yahoo Finance’s Jared Blikre joins the Live show to break down Netflix’s latest earnings beat and reported subscriber growth.
To increase market share amid a blitz of ‘bleisure’ travel demand Hilton CEO must navigate a clogged supply chain as the hotel & resort operator completes construction on over 400,000 rooms.
Yahoo Finance Video
Manhattan Venture Partners Head of Research Santosh Rao assesses Netflix’x latest earnings beat and reported subscriber growth figures, while also examining the streaming platform’s plans for ad-tier subscription services and content programming.
Investors extended their optimism in the market Tuesday after pushing stocks higher Monday. As a result, the S&P 500 rose 1.8% this morning, the tech-heavy Nasdaq Composite jumped 1.9%, and Upstart’s stock followed suit by climbing 5.4% as of 10:31 a.m. ET. Yesterday, investors were enthusiastic about the market in general after Bank of America and Bank of New York Mellon reported better-than-expected quarterly results.
IDC reports PC shipments fell 15% year over year in the third quarter of 2022. Aside from Apple, all the major PC original equipment manufacturers (OEMs) saw a big decline in shipments last quarter. Market leader Lenovo, for instance, had a 16% decline in shipments over the prior year, while HP and Dell saw greater declines of 28% and 21%, respectively.