Netflix saw its stock price rise by over 4% after reporting third-quarter earnings that exceeded expectations. The company earned $5.40 per share on $9.83 billion in revenue, surpassing analyst estimates of $5.12 per share and $9.77 billion in revenue. Additionally, Netflix reported a 35% increase in ad-tier memberships. Intuitive Surgical also experienced a 5% jump in its stock price after posting better-than-expected third-quarter results, earning $1.84 per share on $2.04 billion in revenue compared to analyst estimates of $1.63 per share on $2 billion in revenue. WD-40, on the other hand, saw its shares drop more than 4% after reporting disappointing fiscal fourth-quarter earnings and projecting lower profits for fiscal year 2025.
OceanFirst Financial’s shares rose 2.8% after the company announced earnings of 39 cents per share in the third quarter, beating FactSet’s consensus estimates by one cent. However, net interest income and net interest margin fell short of forecasts. MGP Ingredients, a spirits and food ingredient maker, saw its stock plummet nearly 20% after warning of disappointing third-quarter results and revising its full-year guidance downwards due to weak alcohol trends and elevated whiskey inventories. Marten Transport also experienced a drop in its stock price of almost 3% after reporting third-quarter earnings that were lower than analysts’ expectations, with revenue and operating income also missing forecasts.
Supernus Pharmaceuticals saw its shares rise by as much as 5% after announcing positive results from a Phase 2a study of an antidepressant therapy that showed a significant decrease in depressive symptoms. Overall, the companies making headlines in after-hours trading exhibited a mix of positive and negative news, with some exceeding expectations and others falling short. The stock market reactions to these earnings reports and announcements varied, with some companies experiencing stock price increases while others saw declines. Investors will be closely monitoring these companies as they navigate the challenges and opportunities ahead in their respective industries.
