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Home»Business»NFLX, ISRG, WDFC and more
Business

NFLX, ISRG, WDFC and more

October 17, 2024No Comments2 Mins Read
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Check out the companies making the headlines in after-hours trading: Netflix – Streaming shares rose more than 4% after third-quarter earnings beat expectations. Netflix earned $5.40 per share on revenue of $9.83 billion, compared with analysts’ estimates of $5.12 per share and revenue of $9.77 billion. The company also said its ad-level memberships grew 35% quarter-over-quarter. Intuitive Surgery – Shares rose about 5% after the maker of the da Vinci surgical robot posted better-than-expected third-quarter results. Intuitive Surgical earned $1.84 per share on revenue of $2.04 million. Analysts polled by LSEG had estimated earnings of $1.63 per share on revenue of $2 billion. Shares of the WD-40 – Maintenance products maker fell more than 4% after a disappointing fourth-quarter earnings report. The company earned $1.23 per share, and said it expects 2025 earnings of $5.20 to $5.45 per share. OceanFirst Financial – Shares advanced 2.8% after OceanFirst reported third-quarter earnings of 39 cents per share, one cent above FactSet consensus estimates. On the other hand, net interest income and net interest margin were lower than expected. MGP Ingredients – Shares of the spirits and food ingredients maker fell nearly 20% after the company warned of disappointing third-quarter results and cut guidance for the full year. CEO David Bratcher said its performance was hurt by weak alcohol trends and high whiskey inventories. Marten Transport – Shares of the trucking company fell nearly 3% after third-quarter earnings came in lower than analysts had expected. Revenue and operating income came in lower than the forecasts of three analysts surveyed by FactSet. Supernus Pharmaceuticals – Shares rose 5% after Supernus Pharmaceuticals announced results from a Phase 2 study of an antidepressant therapy that showed a “rapid and significant reduction” in depressive symptoms. – CNBC’s Hakyung Kim and Sarah Min contributed reporting.



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