Dow Jones Gains Steam: Is Netflix’s Earnings Surge and Michigan Sentiment the Market’s Next Big Catalyst or Just a Mirage?
At the time of writing, Dow30 futures ticks up 0.13% to near 44,550, S&P 500 futures gain six points and rises above 6,300.
During closed market hours, the streaming giant trades 1.9% higher to near $1,274. Revenues and Profit After Tax (PAT) margins of the company beat estimates, according to CNBC. “Year-over-year revenue growth was primarily a function of more members, higher subscription pricing and increased ad revenue,” the company said in a statement. Additionally, the firm has also raised revenue guidance for the current year to a range between $44.8 billion and $45.2 billion, slightly higher from $43.5-$44.5 billion, which it delivered in letter to shareholders following results of last quarter of 2024.
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