Core Insights - U.S. stock futures showed slight gains, with Dow futures up approximately 0.1% [1] - Netflix, Inc. reported disappointing third-quarter results, leading to a significant drop in its stock price [1][2] Company Performance - Netflix's third-quarter revenue reached $11.51 billion, reflecting a year-over-year increase of 17.2%, but fell short of the consensus estimate of $11.514 billion [2] - The company's earnings per share (EPS) were reported at $5.87, missing the consensus estimate of $6.97 [2] - Following the earnings report, Netflix shares fell by 6.9% to $1,156.00 in pre-market trading [2] Other Company Movements - Alector, Inc. experienced a drastic decline of 57.6% to $1.36 after announcing the discontinuation of a drug extension and workforce reduction [4] - Newegg Commerce, Inc. saw a drop of 22.6% to $38.70, following a 5% decline the previous day [4] - Terns Pharmaceuticals, Inc. fell 13.3% to $7.00 after disappointing Phase 2 trial results [4] - Aveanna Healthcare Holdings Inc. shares decreased by 11.9% to $9.01 due to a secondary stock offering [4] - Critical Metals Corp. declined 11.3% to $14.44 after announcing a share offering [4] - Bgin Blockchain Limited dropped 9.5% to $4.49, continuing a downward trend [4] - Genprex, Inc. fell 8.7% to $10.50 after a reverse stock split [4] - Texas Instruments Incorporated's stock declined by 7.7% to $167.00 following lower-than-expected fourth-quarter guidance [4] - Almonty Industries Inc. saw a 7.5% decline to $7.75 after a previous drop [4]
Netflix Posts Downbeat Earnings, Joins Aveanna Healthcare, Texas Instruments And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session - Almonty Indus (NASDAQ:ALM), Alector (NASDAQ:ALEC)