Netflix Inc (NFLX)

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After-hours movers: Netflix surges, Texas Instruments falls, and more
By: Investing | January 23, 2024

Netflix (NASDAQ:NFLX) shares rose 7% after it reported fourth quarter results and issued guidance for the first quarter of 2024. Netflix missed consensus EPS estimates for the fourth quarter but revenue beat, and importantly it added more paid subscribers than expected. It also issued EPS guidance for the first quarter that topped consensus. Overall results were viewed as strong.

Texas Instruments (NASDAQ:TXN) shares slumped after it reported fourth quarter results. The quarter was mixed and guidance for the first quarter was very weak, with softness expected on the top and bottom line relative to expectations.

Dismal guidance from Texas Instruments negatively impacted NXP Semiconductors (NASDAQ:NXPI), Analog Devices (NASDAQ:ADI), onsemi (ON) and Microchip Technology (NASDAQ:MCHP).
Intuitive Surgical (NASDAQ:ISRG) shares climbed 7% after it beat consensus estimates for EPS and revenue.

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