Market Overview - US stocks are trading near record highs, with the Dow closing at a record yesterday but experiencing a slight pullback today, down about 13 points [2][3] - The NASDAQ is slightly down, with Netflix being the worst performer, down 8.5% after disappointing earnings [4][5] - The S&P 500 is showing a slight increase, indicating mixed performance across major indices [2][3] Earnings Reports - Netflix reported disappointing earnings, leading to an 8% drop in shares, attributed to a tax issue in Brazil affecting margins [32][114] - Texas Instruments also reported disappointing earnings, with shares down 6.2% [5] - On the positive side, Intuitive Surgical shares surged by 17% following strong earnings [6] M&A Activity - M&A activity has topped $1 trillion in the third quarter, with significant deals expected to continue into the fourth quarter [40][42] - The current regulatory environment is more favorable, encouraging companies to pursue mergers and acquisitions [42][48] - The debt markets are supportive, with tight spreads and favorable terms for financing deals [43][52] Sector Performance - The energy sector is performing well, while consumer discretionary is lagging behind in today's session [6] - Financials have shown solid earnings, setting a positive tone for the earnings season, despite some emerging credit concerns [12][19] Company-Specific Insights - GE Vernova reported mixed results, missing earnings expectations but achieving stronger than expected total revenue of nearly $10 billion [37] - Winnebago swung to a profit in its fiscal fourth quarter, reporting net income of $13.7 million compared to a loss of over $29 million a year ago [38] - Six Flags is facing challenges, with shares down about 45% for the year, despite activist investor involvement aiming to improve performance [39] Analyst Ratings - Analysts remain optimistic about Netflix despite the recent drop, with many reiterating buy ratings based on long-term strength in ads and technology [32] - 3M shares rose 1% after an upgrade from Morgan Stanley, indicating confidence in the company's turnaround efforts [34] - App Leven received a buy rating from Georgia Bank, highlighting its strong ad tech capabilities and growth potential [35]

Now turning to Netflix as its third quarter results are just hitting the wire and you can see the stock is down a quick 5% here in the after hours. Uh Q3 EPS, let's start there. 587.She was at 694. So that's a miss on the bottom. Q3 revenue top line comes in at 11.51% billion.Street was closer to 11.52% billion. Let's turn ahead. What do they see in Q4.They're saying Q4 EPS they're looking for 545. The estimate was 542. And for Q4 revenue, they're saying they look for 11.96% billion.The street was at 11.9% ...

Financial Performance - Netflix reported Q3 EPS of $5.87, missing the estimate of $6.94, and Q3 revenue of $11.51 billion, slightly below the expected $11.52 billion [1][2] - For Q4, Netflix anticipates EPS of $5.45, slightly above the estimate of $5.42, and revenue of $11.96 billion, compared to the street's expectation of $11.9 billion [1][2] - Full-year revenue guidance was set at $45.1 billion, within the range of $44.8 billion to $45.2 billion [2] Engagement Metrics - Netflix experienced a significant surge in viewer engagement, with a reported increase of 20% to 22% in engagement metrics during Q3, driven by popular titles such as "K-pop Demon Hunters" and new seasons of "Squid Game" and "Wednesday" [8][10] - The company emphasized that engagement is a key metric for evaluating its performance, as it directly influences monetization and pricing power [10] Strategic Moves - There are reports suggesting Netflix's interest in acquiring parts of Warner Brothers Discovery, which could enhance its content library and subscriber engagement [3][12] - Historically, Netflix has been cautious with M&A, spending only about $1 to $1.5 billion on acquisitions, favoring a build versus buy strategy [13][15] AI and Content Production - Netflix is leveraging AI for content creation and user personalization, which is expected to be a tailwind for the company [17] - The use of AI could potentially reduce content production costs by 5% to 10%, translating to savings of approximately $1.5 billion to $2 billion over time, given Netflix's annual content budget of around $18 billion [18][19]

We'll go to the markets. Got a little bit of work to do here at 12:00 noon in the east because we are red across the board. The Russell is today's biggest decliner out of the majors.It is the NASDAQ. Um, underwhelming. That's what they're saying about Netflix and the results.The stock's down a bunch. We'll take a look. So, they had the Brazilian tax dispute, which is one of the issues.Core margins were above estimates. record high engagement and viewership. They're all in on leveraging AI, they say in their ...

We'll go to the markets. Got a little bit of work to do here at 12:00 noon in the east because we are red across the board. The Russell is today's biggest decliner out of the majors.It is the NASDAQ. Um, underwhelming. That's what they're saying about Netflix and the results.The stock's down a bunch. We'll take a look. So, they had the Brazilian tax dispute, which is one of the issues.Core margins were above estimates. record high engagement and viewership. They're all in on leveraging AI, they say in their ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Good Wednesday morning from Yahoo Finance's New York City headquarters studios. I'm Yahoo Finance executive editor Brian Sazi. You're watching Noah Holdings, ringing the opening bell at the NYC. If you never heard of this company, no is a wealth manager that serves global Chinese high- netw worth investors and Hong Kong based restaurant group Master Beef Group getting trading under uh away at the NASDAQ. Master Beef, interesting. All right, earning season is very much in full swing. Investors are still pick ...

Netflix Shares Fall most Since 2022 as Tax Hit Spooks Investors. Listen for more on Bloomberg Intelligence. https://t.co/tVAg5dxlDw ...

Key Points Netflix matched top-line estimates with 17% growth in the third quarter. The company had a large one-time expense related to a Brazilian tax dispute. The ad tier continues to deliver strong growth. 10 stocks we like better than Netflix › Shares of Netflix (NASDAQ: NFLX) were sliding today in spite of a solid third-quarter earnings report last night. The streaming giant delivered strong revenue growth, meeting estimates, but its profits were dinged by a Brazilian tax issue. That and th ...

Han Myung-Gu / WireImage "KPop Demon Hunters" has drawn viewers to Netflix in recent months. Key Takeaways The streamer's third-quarter earnings fell short of Wall Street estimates after logging a one-time tax expense in Brazil. Netflix's stock is the biggest loser in the S&P 500 Wednesday, falling some 10%. Even the "KPop Demon Hunters" were no match for the jump scares in Netflix's (NFLX) latest earnings. The streaming giant has been riding high on the success of the Korean cultural import—its an ...