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 FTSE Singapore Straits Times Index experienced mixed movements on Friday, Dec 20, 2024, with notable performances from various sectors.
Key Market Highlights
Top Movers on STI
- Top Gainer:
- Singtel (Z74.SG):
- +0.65% to close at S$3.12.
- Top Loser:
- JMH USD (J36.SG):
- -2.33% to end at S$40.23.
REIT Movers
- Top Gainer:
- BHG Retail REIT (BMGU.SG):
- +12.5% to close at S$0.45.
- Top Loser:
- DigiCore REIT USD (DCRU.SG):
- -3.36% to end at S$0.575.
Most Actively Traded Stock
- DBS (D05.SG):
- Declined 1.34% to close at S$42.82.
- Recorded a turnover of S$214.58 million.
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