Netflix, Wall Street
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U.S. stock futures are higher after more earnings reports after the regular session close and ahead of consumer sentiment data.
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Investor's Business Daily on MSNDow Jones Futures: Netflix Falls On Earnings; Market Hits Highs, 5 Stocks Flash Buy SignalsDow Jones futures rose slightly early Friday, along with S&P 500 futures and Nasdaq futures. NetflixNFLX, online brokers Interactive BrokersIBKR and Charles SchwabSCHW reported overnight, along with Dow components 3MMMM and American ExpressAXP.
The moves come after Wall Street saw a winning session, with the S&P 500 posting fresh intraday and closing records.
U.S. stock index futures were muted on Friday, taking a breather after the S&P 500 and the Nasdaq closed the previous session at record highs on upbeat earnings and economic data, while Netflix's standout profit failed to ignite enthusiasm.
Stock futures are slightly higher Friday morning as the market looks to close out the first week of earnings-reporting season on a high note.
U.S. stock index futures climbed on Friday, reflecting a strong economy, although Netflix shares fell despite exceeding earnings expectations. The S&P 500 and Nasdaq set new records following positive retail and jobless data.
Netflix reported second-quarter revenue of $11.08 billion, up 16% year-over-year. The revenue total beat a Street consensus estimate of $11.04 billion according to data from Benzinga Pro. The company reported second-quarter earnings per share of $7.19, beating a Street consensus estimate of $7.06.
Stock futures were flat after the Nasdaq and S&P 500 posted record highs. Investors watched Netflix after it posted better-than-expected earnings and traders monitored cryptocurrencies following passage of key legislation.
Investing.com--U.S. stock index futures rose slightly Friday, adding to the previous session’s gains as investors digested upbeat second-quarter earnings and signs of a resilien
Some of the major companies slated to report before the opening bell include Taiwan Semiconductor Manufacturing, Travelers, GE Aerospace and PepsiCo.
Netflix continues to chug along, growing its revenue and profit margins even as its competitors struggle to keep their streaming services profitable. Netflix reported total revenues of $11.1 billion,