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October 18, 2024October 18, 2024

Dow Jones Today: Stock Futures Mixed as Dow Retreats From Record; Netflix Jumps

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Netflix Stock Surges to All-Time High on Strong Earnings, Outlook

7 minutes ago

Netflix (NFLX) reported third-quarter results that topped analysts’ estimates on the top and bottom lines, sending its shares soaring to a record high on Friday morning.

The streaming giant posted third-quarter revenue of $9.83 billion, up 15% from a year ago and above the analyst consensus from Visible Alpha. Net income came in at $2.36 billion or $5.40 per share, compared to $1.68 billion or $3.73 per share a year earlier, also beating projections. Total active subscribers climbed 14% to 282.72 million, just above Street expectations though the pace of growth slowed from the prior two quarters.

The company said it expects full-year revenue to grow 15% year-over-year, at the higher end of its previously announced range.

Shares of Netflix, which were up over 41% for the year through Thursday’s close, rose more than 9% in early trading Friday.

–Andrew Kessel

Stock Futures Mixed as Dow Retreats From Record High

1 hr 2 min ago

Futures contracts connected to the Dow Jones Industrial Average were off about 0.2% in premarket trading on Friday.

S&P 500 futures were up 0.2%.

Nasdaq 100 futures got a boost from surging Netflix stock, rising about 0.6% Friday morning.

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