Stock Movers

Closing Bell: Earnings Sink Netflix, Texas Instruments, Mattel


Listen Later

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Tim Stenovec and Carol Massar.

On this episode of Stock Movers:

- Netflix (NFLX) is sinking in the afterhours. The company released earnings and missed 3Q EPS estimates. Netflix said a tax dispute with Brazil cut into earnings, with the company posting quarterly operating income of $3.24 billion, about $400 million below its own forecast and analysts’ estimates.

- Texas Instruments (TXN) fell after the biggest maker of analog chips gave a lackluster forecast for the current period, adding to concern that a chip industry recovery is sputtering. The outlook suggests that customers are slowing orders as they navigate mounting trade tensions and a shaky economy.

- Mattel (MAT) also fell on earnings, saying that sales dipped as tariff uncertainty delays Christmas orders. The company's sales declined to $1.74 billion in the quarter, with profit, excluding some items, at 89 cents per share, less than analysts were expecting.

See omnystudio.com/listener for privacy information.

...more
View all episodesView all episodes
Download on the App Store

Stock MoversBy iHeartPodcasts

  • 4.6
  • 4.6
  • 4.6
  • 4.6
  • 4.6

4.6

19 ratings


More shows like Stock Movers

View all
Bloomberg Intelligence by Bloomberg

Bloomberg Intelligence

410 Listeners

Bloomberg Surveillance by Bloomberg

Bloomberg Surveillance

1,178 Listeners

Masters in Business by Bloomberg

Masters in Business

2,166 Listeners

Odd Lots by Bloomberg

Odd Lots

1,872 Listeners

Bloomberg Businessweek by Bloomberg

Bloomberg Businessweek

424 Listeners

Wall Street Breakfast by Seeking Alpha

Wall Street Breakfast

1,032 Listeners

Thoughts on the Market by Morgan Stanley

Thoughts on the Market

1,300 Listeners

Here's Why by Bloomberg

Here's Why

69 Listeners

Wall Street Week by Bloomberg

Wall Street Week

61 Listeners

The Big Take by Bloomberg

The Big Take

155 Listeners

Bloomberg Daybreak: US Edition by Bloomberg

Bloomberg Daybreak: US Edition

73 Listeners

The Markets by Goldman Sachs

The Markets

77 Listeners

Bloomberg News Now by Bloomberg

Bloomberg News Now

60 Listeners

Bloomberg Daybreak: Asia Edition by Bloomberg

Bloomberg Daybreak: Asia Edition

8 Listeners

Bloomberg Daybreak: Europe Edition by Bloomberg

Bloomberg Daybreak: Europe Edition

4 Listeners