Try the businesses making headlines in after-hours buying and selling. Netflix — The streamer dropped greater than 4% after it missed Wall Road’s earnings estimates . For the third quarter, Netflix reported adjusted earnings of $5.87 per share. Analysts polled by LSEG anticipated $6.97 per share in revenue. The corporate’s income of $11.51 billion for the interval matched analysts’ estimates. Netflix attributed its weaker-than-forecasted outcomes to an ongoing dispute with Brazilian tax authorities. Western Alliance — The regional financial institution gained greater than 3% on better-than-expected earnings for the third quarter. Western Alliance earned $2.28 per share on income of $938 million. Analysts polled by LSEG anticipated a revenue of $2.09 per share on income of $890 million. Loss provisions did are available at $80 million, above a StreetAccount estimate of $42 million. DraftKings — The playing inventory jumped about 6.7% after DraftKings stated it’s buying predictions platform Railbird . Texas Devices — The chipmaker dropped greater than 5% on disappointing earnings and weak quarterly steering. The corporate earned $1.48 per share, lacking an LSEG estimate of $1.49 per share. Fourth-quarter revenue steering got here in a variety of $1.13-$1.39 per share, under the consensus of $1.41 per share. Past Meat — Shares of the meals firm rose greater than 10% in after-hours buying and selling, extending its 146% pop on Tuesday. Past Meat shares surged in common buying and selling after the corporate introduced a cope with Walmart to increase distribution of its merchandise throughout extra U.S. shops. The inventory additionally skyrocketed Monday when Roundhill Investments, which develops thematic change traded funds, added the corporate to its Roundhill Meme Inventory ETF. The ETF addition seems to have led to a brief squeeze, with buyers who wager in opposition to the inventory compelled to cowl their positions. Intuitive Surgical — The corporate, which makes robotic-assisted surgical procedure methods, popped practically 22%. Intuitive Surgical reported third-quarter outcomes that beat expectations. Adjusted earnings per share got here in at $2.40 on income of $2.51 billion. Analysts polled by LSEG anticipated earnings per share of $1.98 on $2.4 billion in income. Mattel — The toy maker dropped 7% after it reported weaker-than-expected outcomes for the third quarter. Mattel posted adjusted earnings of 89 cents per share on $1.74 billion in income. Analysts surveyed by LSEG had referred to as for $1.07 in earnings per share and $1.83 billion in income. Pegasystems — The software program inventory popped about 7% on the heels of the corporate’s third-quarter outcomes topping Wall Road’s estimates. Pegasystems reported 30 cents per share in adjusted earnings, above the 20 cents per share the analysts surveyed by LSEG had been in search of. The corporate’s income of $381 million additionally beat the consensus estimate of $345 million. Capital One — Shares of the monetary providers firm rose 3% on the again of a robust earnings beat. Capital One reported earnings of $5.95 per share on income of $15.36 billion. Analysts, in the meantime, anticipated earnings of $4.37 per share and income of $15.08 billion, per LSEG. — Fred Imbert, Sean Conlon Liz Napolitano contributed to this story.
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