Stocks making the biggest moves after hours: Netflix, CSX & more
This photo illustrates the Netflix logo on the App Store displayed on a smartphone’s screen.
Rafael Henrique | SOPA Images | LightRocket | Getty Images
Take a look at the top companies in trading after hours:
Netflix — Netflix shares dropped 19% in extended tradingThe company released its quarterly report, which showed a slowing in subscriber growth. StreetAccount estimates that the streaming giant gained 8.28 millions global paid net subscribers in its fourth quarter. This was more than Wall Street expected at 8.19million. However, the number of subscribers fell year-over-year. Netflix’s EPS estimate for this period was higher than the 82cs Refinitiv analysts expected. Netflix made $1.33 per share, exceeding EPS estimates. In line with our expectations, revenue was $7.71 billion.
CSX — Shares of the rail company declined 2% despite top- and bottom-line beats for the fourth quarter. CSX was able to earn 42c per share for $3.43 billion of revenue. That’s more than what the 41cs and $3.32 trillion revenue analysts surveyed at Refinitiv expected.
Intuitive Surgical — Intuitive Surgical shares dipped 2% despite the company’s latest earnings report, which topped estimates. On $1.55 Billion in revenue, the medical company made $1.30 per share (excluding items). Refinitiv surveyed analysts and found that they expected $1.28 per share for $1.52 trillion in revenue.
PPG Industries — Shares of the paint company slid 3% during extended trading. PPG made $1.26 per share on revenue of $4.19 trillion during its fourth quarter. StreetAccount estimates that Wall Street expected $1.18 per Share on $4.04 Billion in Revenue.