Netflix, Wall Street
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U.S. stock futures are higher after more earnings reports after the regular session close and ahead of consumer sentiment data.
The moves come after Wall Street saw a winning session, with the S&P 500 posting fresh intraday and closing records.
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Investor's Business Daily on MSNDow Jones Futures: Netflix Falls On Earnings; Market Hits Highs, 5 Stocks Flash Buy SignalsDow Jones futures rose slightly early Friday, along with S&P 500 futures and Nasdaq futures. NetflixNFLX, online brokers Interactive BrokersIBKR and Charles SchwabSCHW reported overnight, along with Dow components 3MMMM and American ExpressAXP.
U.S. stock index futures were muted on Friday, taking a breather after the S&P 500 and the Nasdaq closed the previous session at record highs on upbeat earnings and economic data, while Netflix's standout profit failed to ignite enthusiasm.
Stock futures were flat after the Nasdaq and S&P 500 posted record highs. Investors watched Netflix after it posted better-than-expected earnings and traders monitored cryptocurrencies following passage of key legislation.
Some of the major companies slated to report before the opening bell include Taiwan Semiconductor Manufacturing, Travelers, GE Aerospace and PepsiCo.
Investing.com--U.S. stock index futures rose slightly Friday, adding to the previous session’s gains as investors digested upbeat second-quarter earnings and signs of a resilien
The S&P 500 Index ($SPX ) (SPY ) today down -0.08%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.44%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.15%. September E-mini S&P futures (ESU25 ) are down -0.
Netflix reported second-quarter revenue of $11.08 billion, up 16% year-over-year. The revenue total beat a Street consensus estimate of $11.04 billion according to data from Benzinga Pro. The company reported second-quarter earnings per share of $7.19, beating a Street consensus estimate of $7.06.
Fueled in large part by the success of the final season of its mega-hit series "Squid Game," Netflix posted topped quarterly diluted per-share profit of $7.19, above estimates of $7.08, according to LSEG data cited by Reuters.
Netflix continues to chug along, growing its revenue and profit margins even as its competitors struggle to keep their streaming services profitable. Netflix reported total revenues of $11.1 billion,