Netflix Inc (NASDAQ:NFLX, ETR:NFC) has delivered another strong quarterly earnings report with both revenue and profit topping Wall Street expectations, boosting its shares afterhours on Thursday.
The streaming giant posted earnings per share (EPS) of $6.61, ahead of estimates of $5.73.
Alphabet Inc (NASDAQ:GOOG) shares fell 1.5% on Thursday after a US federal judge ruled that Google unlawfully maintained monopoly power in its digital advertising business.
The ruling by Judge Leonie Brinkema found that Google violated antitrust laws by tying together its ad server and ad exchange technologies, enabling it to dominate the $31 billion market for matching advertisers with website publishers.
Netflix Inc (NASDAQ:NFLX, ETR:NFC) continues to attract bullish sentiment from Wall Street analysts heading into the streaming giant’s first quarter earnings report due after US markets close.
The company is expected to report earnings per share of $5.73 on revenue of $10.5 billion, representing year-over-year growth of about 9% and 12%, respectively.
Shares of Hertz Global (NYSE:HTZ) jumped more than 25% at Thursday’s open after Bill Ackman’s Pershing Square Capital Management disclosed a 20% stake in the car rental company worth $46 million.
The stock had already surged 50% in aftermarket trading the previous evening, marking one of Hertz’s sharpest rallies in years amid renewed investor optimism.
Nevis Brands (CSE:NEVI, OTCQB:NEVIF) saw its revenue jump in the first quarter of fiscal 2025 due to strong demand and expanded distribution of its cannabis beverages—particularly in New Jersey and Missouri—while also maintaining solid sales in Washington and reducing operational costs.
The Seattle-based cannabis beverage company reported a significant jump in revenue for the first quarter of fiscal 2025, up 61% from the year-ago period at about $416,000.
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF) said it has signed a memorandum of understanding with Angola’s national oil regulator for a joint exploration project in the Etosha-Okavango basin, its first move into onshore Angola.
The agreement with the Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) gives ReconAfrica exclusive rights during the MOU period to explore a 5.2-million-acre block in southeastern Angola, complementing the Canadian firm’s existing 6.3-million-acre license in neighboring Namibia.
Eli Lilly and Co (NYSE:LLY) shares jumped 12% in premarket trading on Thursday after the drugmaker said its experimental weight-loss pill, orforglipron, succeeded in a late-stage trial in patients with type 2 diabetes, showing promise as a potential rival to injectable treatments like Ozempic.
The once-daily oral drug significantly reduced blood sugar levels and body weight in the Phase 3 trial, marking a milestone as the first oral GLP-1 receptor agonist to reach this stage without requiring food or water restrictions.
UnitedHealth Group Inc (NYSE:UNH, ETR:UNH) shares plunged almost 20% after the health insurance company downwardly revised its full-year profit guidance, in addition to reporting an earnings miss for the first quarter.
The firm now expects adjusted earnings in the range of $26 to $26.50 per share, down from its earlier forecast of $29.50 to $30.