Travelers Companies Inc (NYSE:TRV) shares rose more than 8% on Friday after the insurer reported second-quarter earnings that significantly exceeded Wall Street expectations, helped by lower catastrophe losses, higher investment income and strong underwriting performance.
The company posted adjusted core earnings of $10.04 per diluted share for the quarter ended June 30, comfortably ahead of the consensus estimate of about $5.39.
Intuitive Surgical (NASDAQ: ISRG) shares fell about 11% on Friday after the robotic surgery company reported second-quarter results that topped Wall Street expectations but disappointed investors with slower US procedure growth and a cautious full-year outlook.
The company reported second quarter revenue of $2.89 billion, up 19% from a year earlier and above analysts' consensus estimate of $2.82 billion.
SpaceX Corp (NASDAQ:SPCX) shares fell on Friday for a fifth consecutive session after the company's Starship rocket automatically aborted a test launch moments before liftoff because of an engine ignition issue.
Shares of SpaceX opened 4% lower at $126, below the company’s June initial public offering price of $135.
Is Netflix Inc (NASDAQ:NFLX, XETRA:NFC)'s growth story losing momentum?
If Friday's market reaction is any indication, the answer is yes. Shares opened nearly 12% lower after the streaming giant missed second-quarter revenue estimates and guided below Street expectations for the third quarter, the clearest sign yet that its post-password-crackdown growth spurt is fading.