Check out the companies making headlines in after-hours trading. Netflix – Shares of the streaming giant rose 12% after beating Wall Street’s third-quarter earnings expectations. Netflix earned $3.73 per share on revenue of $8.54 billion, while analysts polled by LSEG, formerly known as Refinitiv, reported earnings of $3.49 per share and revenue of $8 .54 billion US dollars forecast. The company also reported stronger-than-expected subscriber growth of 8.76 million in the quarter. Analysts were calling for the streaming giant to add 5.49 million subscribers, according to Street Account. Tesla – The electric vehicle maker’s shares rose 1.4% even after the company suffered declines in sales and profits in the third quarter. Tesla reported adjusted earnings of 66 cents per share on revenue of $23.35 billion, while analysts polled by LSEG expected earnings of 73 cents per share on revenue of $24.10 billion. Margins also declined compared to the same period last year, the company said. Zions Bancorporation – Shares fell 4% after the regional bank reported a profit miss. Zions reported third-quarter earnings of $1.13 per share, while analysts surveyed by LSEG expected $1.15 per share. Net interest income was $585 million, down 12% from the year-ago period. Las Vegas Sands – The casino and resort stock rose 5% after a third-quarter revenue increase. The company reported revenue of $2.8 billion versus analyst estimates of $2.73 billion, per LSEG. Adjusted profit was in line with Street expectations and came in at 55 cents per share. Lam Research – Shares of the semiconductor stock fell about 3%. The decline comes even as Lam Research’s fiscal first quarter results topped both revenue and profit. The company reported adjusted earnings of $6.85 per share on revenue of $3.48 billion, while analysts polled by LSEG reported earnings of $6.12 per share and revenue of 3.41 Billion US dollars predicted.
Source : www.cnbc.com