Netflix stock soars after subscriber growth blows away forecasts, company announces more price hikes
Netflix stock is soaring after earnings. Here's what to know.
Netflix stock is soaring after earnings. Here's what to know.
Stocks advanced, Treasury yields fell and crypto was volatile on Tuesday as market participants reacted to the slew of executive orders issued on the first day of Donald Trump’s second term as president.
Netflix reported fourth-quarter results that surpassed analysts’ expectations and raised its 2025 revenue forecast, sending shares soaring after the bell Tuesday.
Hospitality industry software provider Agilysys (NASDAQ:AGYS) missed Wall Street’s revenue expectations in Q4 CY2024, but sales rose 14.9% year on year to $69.56 million. The company’s full-year revenue guidance of $273 million at the midpoint came in 3.2% below analysts’ estimates. Its non-GAAP profit of $0.38 per share was 10.9% above analysts’ consensus estimates.
Investors are appraising the likely impact of Trump's orders on stocks on the first trading day after the inauguration.
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Oracle shares surged Tuesday after reports that President Trump could soon announce an artificial intelligence initiative involving the company.
S&P 500 and Nasdaq Composite largely unmoved as it opened for trading for first time after inauguration
Shares of clothing and accessories retailer Gap (NYSE:GAP) jumped 6.4% in the afternoon session after Argus Research analyst Christine Dooley upgraded the stock's rating from Hold to Buy. The analyst cited the potential for a turnaround across key brands (Gap, Banana Republic, Old Navy, and Athleta) while acknowledging management's efforts to "revitalize the brands."
Oracle (ORCL) stock closed up by more than 7% on Tuesday amid reports of a joint venture with OpenAI and Softbank (SFTBY).