Netflix shares fell more than 8% in after-hours trading , as a disappointing second-quarter outlook and leadership changes outweighed otherwise solid first-quarter results. Weak Guidance Sparks Sell-Off Netflix forecast Q2 earnings of US$0.78 per share , below analyst expectations of US$0.84 , while revenue is projected at US$12.57 billion , missing the US$12.64 billion consensus . The weaker guidance raised concerns over near-term growth momentum , triggering a sharp negative market reaction. Strong Q1 Performance Fails to Impress For the first quarter: Revenue rose 16% YoY to US$12.25 billion (above estimates) Earnings surged 86% to US$1.23 per share However, earnings were boosted by a US$2.8 billion one-off termination fee , reducing the quality of underlying growth. Operating margin improved to 32.3% , but still came in below expectations (32.4%) , further dampening sentiment. Rising Costs and Strategic Sh...
Singapore shares opened slightly lower on Friday, even as US tech stocks surged to fresh highs , with investors balancing AI-driven optimism against geopolitical and trade uncertainties . STI Edges Lower Amid Mixed Market Breadth The FTSE Straits Times Index slipped 0.12% to 5,001.82 in early trade. Market breadth was mixed: Advancers: 88 Decliners: 79 This reflects a cautious tone , despite strong global cues. Wall Street Hits Record Highs on AI Momentum US equities extended their rally, led by technology stocks: Nasdaq Composite +0.4% (record high) S&P 500 +0.3% (record high) Dow Jones Industrial Average +0.2% The Nasdaq marked its 12th consecutive gain , its longest streak since 2009. The rally was driven by AI-related developments, led by Advanced Micro Devices , which surged 7.8% after securing a French government AI deal . Other tech gainers included Oracle , Microsoft , an...