Netflix Posts Downbeat Earnings, Joins Aveanna Healthcare, Texas Instruments And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
Benzinga·2025-10-22 12:16

Group 1: Market Overview - U.S. stock futures showed slight gains, with Dow futures up approximately 0.1% on Wednesday [1] Group 2: Netflix Financial Results - Netflix reported third-quarter revenue of $11.51 billion, reflecting a year-over-year increase of 17.2%, but fell short of the Street consensus estimate of $11.514 billion [2] - The company reported earnings per share of $5.87, which also missed the Street consensus estimate of $6.97 [2] - Following the earnings report, Netflix shares dropped 6.9% to $1,156.00 in pre-market trading [2] Group 3: Other Stocks in Pre-Market Trading - Alector, Inc. saw a significant decline of 57.6% to $1.36 after announcing the discontinuation of an open-label extension for Latozinemab and a workforce reduction of about 49% [4] - Newegg Commerce, Inc. fell 22.6% to $38.70 after a 5% decline on Tuesday [4] - Terns Pharmaceuticals, Inc. dipped 13.3% to $7.00 after announcing that Phase 2 topline results for TERN-601 did not meet the threshold for further development [4] - Aveanna Healthcare Holdings Inc. shares declined 11.9% to $9.01 following the pricing of a secondary offering of common stock [4] - Critical Metals Corp. dropped 11.3% to $14.44 after a previous 17% decline due to an offering of 18.03 million shares [4] - Bgin Blockchain Limited declined 9.5% to $4.49 after a 17% drop on Tuesday [4] - Genprex, Inc. fell 8.7% to $10.50 after implementing a 1-for-50 reverse stock split, reducing outstanding shares to 1,004,326 [4] - Texas Instruments Incorporated declined 7.7% to $167.00 after issuing fourth-quarter EPS and sales guidance below analyst estimates [4] - Almonty Industries Inc. fell 7.5% to $7.75 after a 7% decline on Tuesday [4]

Netflix Posts Downbeat Earnings, Joins Aveanna Healthcare, Texas Instruments And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session - Reportify