Stocks to Watch: Netflix, Tesla, Lam Research
By Ben Glickman
Netflix saw a boon in subscribers in the third quarter after its password-sharing crackdown rolled out in every region it operates in. The streaming service also said it would raise prices for its basic and premium plans in the U.S. Shares rise 12%, to $389.22, in after-hours trading.
Tesla's third-quarter profit fell more than expected in the third quarter after the company continued to slash prices for its electric vehicles. Chief Executive Elon Musk said on a call with analysts that he wanted to "temper expectations" for the upcoming release of Tesla's Cybertruck, warning it won't help cash flow for at least a year. Shares sink 5%, to $230.65, after-hours.
Lam Research reported its third-straight quarter of sales declines in the third quarter as it faces pressure from a slumping semiconductor industry. The company forecast another drop in profit and revenue in the fiscal second quarter and is seeing a soft year for customer spending. Shares fall 4.7%, to $612.25, after-hours.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
October 18, 2023 19:54 ET (23:54 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
Going Into Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
What’s Happening in the Markets This Week
-
4 Top Dividend-Paying REIT Stock Picks
-
After Earnings, Is Netflix Stock a Buy, a Sell, or Fairly Valued?
-
P-CAPE: A Better Way for Investors to Estimate Future Returns
-
Which Stocks Have Driven the Stealth Large-Value Rally?
-
Forecasts for Q2 GDP Report Show a Healthy but Slowing Economy
-
5 Stocks to Buy as the Market Rally Broadens
-
4 Top US Travel Stock Picks
-
How Do Interest Rates Affect Stock Market Returns?
-
American Airlines Earnings: Ticket Distribution Misstep Affected Results
-
Going Into Earnings, Is Albemarle Stock a Buy, a Sell, or Fairly Valued?
-
3 Top Cybersecurity Stock Picks for Long-Term Investors
-
AbbVie Earnings: Firm Sees Strong Next-Generation Immunology Drugs Sales
-
Ford Earnings: Warranty Problems on Older Vehicles Slam Results
-
ServiceNow Earnings: Operating on a Higher Plane Within Enterprise Software