In after-hours trading, several companies made significant headlines. Netflix saw an increase of more than 4% in its stock value following third-quarter earnings that surpassed expectations. The company reported earnings of $5.40 per share on revenue of $9.83 billion, exceeding analysts’ predictions of $5.12 per share and $9.77 billion in revenue. Netflix also reported a 35% rise in its ad-tier memberships from the previous quarter.
Intuitive Surgical experienced a 5% rise in its shares after reporting better-than-anticipated third-quarter results. The company, known for its da Vinci surgical robot, earned $1.84 per share on revenue of $2.04 billion. Analysts surveyed by LSEG had projected earnings of $1.63 per share on revenue of $2 billion.
WD-40 saw its shares decline by over 4% following a disappointing fiscal fourth-quarter earnings report. The maintenance product maker announced earnings of $1.23 per share and projected fiscal 2025 profits to be between $5.20 and $5.45 per share.
OceanFirst Financial’s shares increased by 2.8% after the company reported third-quarter earnings of 39 cents per share, slightly above the consensus estimates from FactSet. However, the company’s net interest income and net interest margin fell below expectations.
MGP Ingredients experienced a decline of nearly 20% in its stock after cautioning about disappointing third-quarter results and lowering its full-year guidance. CEO David Bratcher attributed this to weak alcohol trends and high whiskey inventories.
Marten Transport’s shares decreased by nearly 3% after posting third-quarter earnings that did not meet analysts’ expectations, with both revenue and operating income below forecasts from analysts surveyed by FactSet.
Supernus Pharmaceuticals saw its shares rise by up to 5% following the announcement of results from a Phase 2a study of an antidepressant therapy that demonstrated a “rapid and substantial decrease” in depressive symptoms.
This report included contributions from CNBC’s Hakyung Kim and Sarah Min.
