Check out the companies making headlines before the market opens. Netflix – Shares of Netflix soared more than 15% late Tuesday after the company reported revenue and profit that beat expectations. The streaming service had fourth-quarter revenue of $10.25 billion and earnings of $4.27 per share. Analysts polled by LSEG expected earnings of $4.20 per share and revenue of $10.11 billion. Netflix’s number of paid subscribers also exceeded 300 million this quarter. United Airlines — Shares of the airline rose 5% after issuing a better-than-expected outlook. On an adjusted basis, United expects earnings per share of 75 cents to $1.25 in the first three months of 2025, higher than analysts’ expectations of 54 cents, according to LSEG. Shares of Trump Media & Technology — the parent company of Truth Social — fell 2%, continuing a post-inauguration decline. Shares fell about 11% on Tuesday. Procter & Gamble — Shares of Procter & Gamble rose 3% after the company reported second-quarter profit and revenue that beat analysts’ expectations. The company reported adjusted earnings of $1.88 per share, while analysts had expected $1.86 per share, according to LSEG. Revenue was $21.88 billion, beating expectations of $21.54 billion. Procter & Gamble noted growing demand for household staples. Oracle — President Donald Trump on Tuesday announced Stargate, a joint venture between OpenAI, Oracle and SoftBank that will invest up to $500 billion in U.S. artificial intelligence infrastructure, sending the company’s stock soaring more than 10% . Ford — Shares of the automaker fell nearly 2% after Barclays downgraded the stock to equal weight from overweight. The investment bank expects sales headwinds and uncertainty about improving costs to weigh on the stock. Abbott Labs — The health care stock fell about 2% after fourth-quarter sales of $10.97 billion, missing analysts’ expectations of $11.03 billion, according to StreetAccount. Sales in its diagnostics division were down slightly from the same period last year. Abbott expects first-quarter adjusted earnings of $1.05 to $1.09 per share, below analysts’ expectations of $1.11 per share, according to FactSet. Seagate Technology Holdings — Shares of Seagate Technology Holdings rose more than 6% the next day after the data storage company announced strong fiscal second-quarter results. Seagate Technology reported adjusted earnings of $2.03 per share on revenue of $2.33 billion. Analysts surveyed by LSEG had expected earnings of $1.88 per share and revenue of $2.32 billion. GE Vernova — Shares of GE Vernova rose about 1% after the energy company reported fourth-quarter earnings of $1.73 per share and reiterated its 2025 outlook. . Travelers — The insurance stock rose more than 5% after fourth-quarter results came in well above expectations. Travelers earned $9.15 per share, beating estimates of $6.64 per share, according to LSEG. Revenue of $12.01 billion also beat analysts’ forecasts of $10.84 billion. Textron — The aerospace and defense company missed revenue estimates, sending its shares down nearly 4%. Textron reported fourth-quarter revenue of $3.61 billion, while analysts expected revenue of $3.81 billion for London Stock Exchange Group (LSEG). Meanwhile, the company reported adjusted earnings of $1.34 per share, beating consensus estimates by a penny. Johnson & Johnson — Shares fell 1.5% after the drugmaker reported slightly better-than-expected fourth-quarter results, driven by strong sales of its cancer treatments. However, the company’s 2025 sales forecast was slightly lower than analysts’ expectations. ——CNBC’s Jesse Pond, Michelle Fox and Piaszinger contributed reporting
ABOUT US
Our news website delivers comprehensive coverage on US news, economy, politics, and world events, ensuring you stay informed on the latest developments. We provide timely and accurate news to keep you updated on the most important stories. Stay connected with us for in-depth analysis and breaking news from around the globe.
Contact us: contact@realtimeheadlines.com
© Real Times Headlines - 2024 | All Rights Reserved