Before the bell, take a look at the businesses that are in the news.
Netflix: After exceeding analysts’ estimates for revenue and subscriber growth in the fourth quarter, the company’s stock price surged by 9.2%. The record-breaking 260.8 million paid subscribers were attained by the streaming behemoth during the quarter thanks to an addition of 13.1 million new users.
ASML — After the company exceeded forecasts for revenue and profit, shares of the Dutch chip manufacturer increased 6.8%. Sales this year are expected to be comparable to last year, but the CEO of the company predicted “significant growth” for 2025.
Texas Instruments: After missing revenue projections for the fourth quarter, the technology company’s shares dropped by more than 3%. Analysts had predicted $4.12 billion in revenue, but the corporation only recorded $4.08 billion, according to LSEG. The company’s earnings per share and revenue guidance for the first quarter fell short of projections.
SAP — The German software company’s shares increased 7.3% after it said on Tuesday that it plans to conduct voluntary buyouts or allow 8,000 employees to shift jobs as part of this year’s restructuring efforts.
Dupont de Nemours: Following the chemical company’s preannounced fourth-quarter and first-quarter results that fell short of analyst estimates, shares fell 11.6%. Dupont predicted revenue for the fourth quarter of $2.90 billion, which was less than the $3 billion FactSet had predicted.
EBay: The online retailer saw a gain of more than 3% following the announcement on Tuesday that it will be eliminating approximately 1,000 full-time positions, or 9% of its workforce, over the next several months. “Overall headcount and expenses have outpaced the growth” of the company, according to eBay’s CEO.
Tesla: The stock of electric vehicles increased 1.3% ahead of the company’s quarterly earnings, which are expected on Wednesday after the market closes. Consensus expectations from FactSet predict that revenue for the fourth quarter will be $25.63 billion, and earnings will be 73 cents per share.
T-Mobile US Following AT&T’s failure on fourth-quarter results, the shares fell by almost 4%. Furthermore, the company predicted 2024 adjusted earnings that were lower than planned and below FactSet’s analysts’ projections. Yet, AT&T announced that it intends to provide adjusted EPS growth in 2025 and marginally outperformed revenue estimates for the fourth quarter.
Source (CNBC)
