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...
KUALA LUMPUR, Nov 29 (Bernama) -- Bursa Malaysia’s main index failed to sustain the brief gains observed in the mid-afternoon session to end the day in the red, as selling in selected heavyweights mainly in utility and logistics counters intensified in the final hour of trading. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 3.20 points or 0.20 per cent to 1,594.29 from Thursday’s close of 1,597.49. The index opened 1.13 points lower at 1,596.36 and moved between 1,586.39 and 1,603.59 today. Decliners beat gainers 539 to 515 while 461 counters were unchanged, 945 untraded, and 56 suspended. Turnover expanded to 3.43 billion units valued at RM3.19 billion versus 2.79 billion units valued at RM2.90 billion yesterday. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said some sectors staged a rebound, with banking, plantation, construction, telco and consumer stocks driving gains...