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...
| FBM KLCI jumped 13.15 points to close at 1,716.34 |
The FBM KLCI saw a strong trading day today as the market jumped 13.15 points to close at its intraday high of 1,716.34.
The uptrend was in line with the regional market after the US Fed decided to keep rate on hold. The decision, reached at a two-day Federal Open Market Committee (FOMC) meeting that begun on Tuesday, resulted in renewed investor confidence in emerging markets.
Across the regional market, Hong Kong's Hang Seng index was up 167.82 points or 0.82%, South Korea's KOSPI rose 4.13 points or 0.21%, and Singapore's Straits Times Index gained 15.07 points or 0.52%.
Japan's Nikkei 225, however, was down 211.57 points or 1.25% while the Stock Exchange of Thailand slipped 0.43 points or 0.03%.
According to Reuters, Asian shares edged higher on Friday as oil touched a 2016 high.
Today, FBM KLCI saw 2.03 billion shares, valued at RM2.98 billion, traded.
There were 538 gainers against 349 losers, while 317 counters were unchanged.
The day's top gainers were Panasonic Manufacturing Malaysia Bhd, Petronas Gas Bhd, Pos Malaysia Bhd, Malaysia Airports Holdings Bhd and Scientex Bhd.
Losers included Nestle (M) Bhd, BLD Plantation Bhd, Latitude Tree Holdings Bhd and Kossan Rubber Industries Bhd.
The most actively traded counter was SMTrack Bhd, with 77.64 million shares changing hands.
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