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...
The Malaysian stock market ended in the red on Friday, Dec 20, 2024, with major indices closing lower.
Key Index Performance
- FBM KLCI: 1591.410 (-0.54%)
- FBM 70: 18377.470 (-0.31%)
- FBM SCAP: 17503.590 (-0.06%)
- FBM Emas: 12222.940 (-0.44%)
FBM KLCI Movers
- Top Gainer:
- PPB (4065.MY): +2.19% to close at RM12.140.
- Top Loser:
- PETDAG (5681.MY): -4.23% to end at RM19.020.
FBM 70 Movers
- Top Gainer:
- HEXTECH (5136.MY): +6.54% to close at RM1.140.
- Top Loser:
- TOPGLOV (7113.MY): -5.71% to close at RM1.320.
Malaysia REITs Movers
- Top Gainer:
- IGBREIT (5227.MY): +3.81% to close at RM2.180.
- Top Loser:
- AXREIT (5106.MY): -1.14% to close at RM1.730.
Most Actively Traded Stock
- YTL (4677.MY):
- Gained 1.18% to close at RM2.580.
- Recorded a turnover of RM323.26 million.
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