© Reuters.
By Oliver Gray
Investing.com – were trading lower in Tuesday’s evening deals as investors digested disappointing Netflix earnings after major benchmark averages finished higher during regular trading.
By 6:35pm (10:35pm GMT) were down 0.1%, dipped 0.3% and fell 0.8%.
Among reporting companies, Netflix Inc (NASDAQ:) tanked 25% in extended deals after reporting a loss of 200,000 subscribers in the first quarter. The company also a beat on earnings but a miss on revenues. Fellow streaming stocks Roku Inc (NASDAQ:), Spotify Technology SA (NYSE:) and Walt Disney Company (NYSE:) also tumbled 6.3%, 4.3% and 4.5% respectively.
Interactive Brokers Group Inc (NASDAQ:) dipped 0.2% in extended trading after reporting earnings for the recent quarter. The company a miss on revenue but saw earnings per share of 82 cents, which fell in line with analysts’ estimates.
International Business Machines (NYSE:) was up 1.3% after a beat on the top and bottom lines in the first quarter, with adjusted EPS of $1.40 versus $1.38 expected, while revenues came in at $14.2 billion versus $13.85 billion expected.
During Tuesday’s regular trade, The gained 499.51 points or 1.5% to close at 34,911.20. The rose 1.6% to 4,462.21, and the surged 2.2% to 13,619.66.
Bank stocks outperformed as rates moved higher and regional and mid-sized banks reported earnings. JPMorgan Chase & Co (NYSE:) added 2.1%, Bank of America Corp (NYSE:) gained 1.9% and Citigroup Inc (NYSE:) added 1.2%. Citizens Financial Group Inc (NYSE:), which beat first-quarter estimates on the top and bottom lines on Tuesday morning, jumped 6.8%.
On the bond markets, yields were at fresh 40-month highs of 2.94%.
Be the first to comment