In after-hours trading, several companies made notable movements. Netflix experienced a rise of over 4% following its third-quarter earnings report, which surpassed expectations. The company reported earnings of $5.40 per share on $9.83 billion in revenue, outperforming analysts’ predictions of $5.12 per share and $9.77 billion in revenue. Additionally, Netflix announced a 35% increase in its ad-tier memberships compared to the previous quarter.
Intuitive Surgical saw its shares increase by approximately 5% after the company, known for its da Vinci surgical robots, released better-than-expected third-quarter results. The company reported earnings of $1.84 per share on $2.04 billion in revenue, exceeding analysts’ estimates of $1.63 per share on $2 billion in revenue.
WD-40’s shares fell by more than 4% following a disappointing fiscal fourth-quarter earnings report. The company reported earnings of $1.23 per share and forecasted fiscal 2025 profits to be between $5.20 and $5.45 per share.
OceanFirst Financial shares increased by 2.8% after announcing that it earned 39 cents per share in the third quarter, slightly above the FactSet consensus estimates. However, both net interest income and net interest margin were reported to be lower than anticipated.
MGP Ingredients saw its stock drop nearly 20% after warning of unsatisfactory third-quarter results and lowering its full-year guidance. CEO David Bratcher attributed this to weak alcohol trends and high whiskey inventories.
Marten Transport’s shares declined almost 3% as its third-quarter earnings came in below analysts’ expectations, with both revenue and operating income falling short of forecasts from three analysts polled by FactSet.
Lastly, Supernus Pharmaceuticals experienced a share increase of up to 5% after announcing positive results from a Phase 2a study of an antidepressant therapy, which demonstrated a “rapid and substantial decrease” in depressive symptoms.
This summary was compiled with contributions from CNBC’s Hakyung Kim and Sarah Min.
