U.S. stock futures were mixed this morning, with the Nasdaq 100 futures gaining around 150 points on Wednesday.
Shares of Netflix, Inc. (NASDAQ:NFLX) fell sharply in pre-market trading after the company reported mixed results for the third quarter and narrowed its FY26 sales guidance below estimates.
Netflix reported third-quarter revenue of $12.874 billion, up 12% year-over-year. The revenue total narrowly missed a Street consensus estimate of $12.876 billion, according to data from Benzinga Pro. The company reported earnings of 87 cents per share, beating a Street consensus estimate of 82 cents per share.
Guidance from the company calls for fourth-quarter revenue of $13.442 billion and earnings of 67 cents per share, versus Street estimates of $13.517 billion and 73 cents per share. The company now expects full-year revenue of $51.1 billion, versus a prior range of $51.0 billion to $51.4 billion.
Netflix shares dipped 6% to $64.57 in pre-market trading.
Here are some other stocks moving lower in pre-market trading.
- Alpha Teknova Inc (NASDAQ:TKNO) shares dipped 27.9% to $5.33 in pre-market trading after the company priced a $40 million public offering of common stock at $5 per share.
- Optimum Communications, Inc. (NASDAQ:OPTU) fell 12.7% to $0.7264 in pre-market trading after declining around 8% on Tuesday.
- Intuitive Surgical, Inc. (NASDAQ:ISRG) declined 7.5% to $405.00 in pre-market trading after reporting third-quarter results.
- Lightspeed Commerce Inc. (NYSE:LSPD) fell 6.8% to $10.37 in pre-market trading after gaining over 3% on Tuesday.
- Xpeng Inc – ADR (NYSE:XPEV) fell 4.3% to $9.48 in pre-market trading after gaining around 8% on Tuesday.
- Pegasystems Inc (NASDAQ:PEGA) declined 4.2% to $34.71 in pre-market trading following downbeat third-quarter results.
- Indaptus Therapeutics Inc (NASDAQ:INDP) fell 3.7% to $2.85 in pre-market trading after adding 8% on Tuesday.
- Mobileye Global Inc (NASDAQ:MBLY) declined 3.2% to $7.07 in pre-market trading.
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