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Netflix Down 8% After Projecting Slowed Growth
The Wall Street Journal32d agoneutral
Netflix Down 8% After Projecting Slowed Growth

Netflix shares fell 8% in aftermarket trading after the company narrowed its revenue forecast for the year to between $51 billion and $51.4 billion. It previously forecast revenue in the range of $50.

Financial Services Roundup: Market Talk
The Wall Street Journal32d agoneutral
Financial Services Roundup: Market Talk

Find insight on the PayPal acquisition, Partners Group, UniCredit, Chinese banks and more in the latest Market Talks covering financial services.

Alcoa Earnings Are Improving. The Stock Is Down Anyway.
Barrons.com32d agoneutral
Alcoa Earnings Are Improving. The Stock Is Down Anyway.

FEATURE Aluminum producer Alcoa reported improved earnings, but they didn’t match Wall Street estimates. Shares were lower in late trading. Thursday evening, Alcoa announced adjusted second-quarter earnings per share of $2.

Netflix posts higher Q2 results but shares drop due to lukewarm forecast
Associated Press32d agobearish
Netflix posts higher Q2 results but shares drop due to lukewarm forecast

Netflix said Thursday its second-quarter profit grew thanks to new membership signups and price increases, which “had gone well and as expected.” Netflix earned $3.4 billion, or 80 cents per share, in the March-June period. For the current quarter, Netflix is forecasting revenue growth of about 12%.

Bloomberg32d agoneutral
Coca-Cola Suspends US Fairlife Operations After Cyberattack

(Bloomberg) -- The Coca-Cola Co. said it had temporarily suspended production operations of its Fairlife milk in the US after an unauthorized third party gained access to some of its systems.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsBeckham's IM8 Gets $1 Billion From General Catalyst for GrowthCIA Says AI Drones Give Russian Troops Only 30 Minutes to LiveOpenAI's First Device Will Be Movable, Screenless Speaker Built as AI CompanionChip Stocks Get Hit

Bloomberg32d agoneutral
Coca-Cola Suspends US Fairlife Operations After Cyberattack

(Bloomberg) -- The Coca-Cola Co. said it had temporarily suspended production operations of its Fairlife milk in the US after an unauthorized third party gained access to some of its systems.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsBeckham’s IM8 Gets $1 Billion From General Catalyst for GrowthCIA Says AI Drones Give Russian Troops Only 30 Minutes to LiveOpenAI’s First Device Will Be Movable, Screenless Speaker Built as AI CompanionChip Stocks Get Hit

Netflix shares fall as quarterly revenue misses expectations
Proactive32d agobearish
Netflix shares fall as quarterly revenue misses expectations

Netflix Inc (NASDAQ:NFLX, XETRA:NFC) shares fell about 8% in after-hours trading after the streaming company reported second-quarter revenue that came in just below Wall Street expectations, overshadowing a slight earnings beat. For the quarter ended June 30, Netflix posted diluted earnings...

Bloomberg32d agoneutral
DeepMind CEO to Lobby Washington on Plan for Group to Vet AI Models

(Bloomberg) -- Earlier this week, Google DeepMind Chief Executive Officer Demis Hassabis unveiled a proposal for a new international watchdog that would do “rigorous” tests and reviews of cutting-edge AI models before release.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsBeckham’s IM8 Gets $1 Billion From General Catalyst for GrowthCIA Says AI Drones Give Russian Troops Only 30 Minutes to LiveOpenAI’s First Device Will Be Movable, Screenless Speaker Built

Netflix third-quarter earnings forecast falls shy of Wall Street expectations
Reuters32d agobearish
Netflix third-quarter earnings forecast falls shy of Wall Street expectations

Netflix offered third-quarter revenue and earnings projections on Thursday that hovered below Wall Street targets and said it would reduce the ‌amount of information it discloses on viewing hours as the streaming video pioneer seeks ‌new avenues of growth. Shares of Netflix fell about 4% in after-hours trading to $71.30. The company said it expected $12.86 billion in revenue ​from July through September and diluted earnings per share of 82 cents.