Several companies were highlighted in after-hours trading due to noteworthy financial reports and announcements. Netflix’s stock rose by more than 4% following third-quarter earnings that exceeded expectations. The company reported earnings of $5.40 per share on revenue of $9.83 billion, surpassing analysts’ predictions of $5.12 per share and $9.77 billion in revenue. Netflix also reported a 35% increase in ad-tier memberships quarter over quarter.
Intuitive Surgical saw a 5% increase in its stock price after reporting third-quarter results that surpassed forecasts. The company earned $1.84 per share on revenue of $2.04 billion, while analysts from LSEG had predicted $1.63 per share on $2 billion in revenue.
Conversely, WD-40 experienced a decline of more than 4% in its shares following a disappointing fiscal fourth-quarter earnings report. The company reported earnings of $1.23 per share and projected fiscal 2025 profits between $5.20 and $5.45 per share.
OceanFirst Financial’s shares rose by 2.8% as the company reported third-quarter earnings of 39 cents per share, which was a penny higher than FactSet’s consensus estimates. However, the net interest income and net interest margin fell short of expectations.
MGP Ingredients faced a nearly 20% drop in its stock price after the company issued a warning about disappointing third-quarter results and lowered its full-year guidance. CEO David Bratcher attributed the performance to weak alcohol trends and high whiskey inventories.
Marten Transport’s stock declined by almost 3% after the company’s third-quarter earnings, as well as revenue and operating income, were lower than analysts’ forecasts from FactSet.
Finally, Supernus Pharmaceuticals saw its shares increase by up to 5% following the announcement of results from a Phase 2a study of an antidepressant therapy, which indicated a “rapid and substantial decrease” in depressive symptoms.
The reporting by CNBC’s Hakyung Kim and Sarah Min provided the basis for this summary.
