Netflix stock (NASDAQ:NFLX) saw its price increase by 10% when the business said it had added 2.41 million customers during the third quarter, which was far more than the projections of 1 million that were made by Wall Street. In the earnings statement, the management of Netflix stated that “despite a hard first half, we think we’re on the road to reaccelerate growth” and that “satisfying subscribers” is the key to the company’s success.
Netflix stock price may be attributed to the number of subscribers
Netflix identified the strong dollar as a headwind and believes that the rise of the greenback will hurt revenue for 2022 of up to one billion dollars. The substantial subscriber growth numbers are evidence that “everything is working” for Netflix, according to the Head of Research at Manhattan Venture Partners, Santosh Rao. He told Yahoo Finance that the company is now launching the ad-supported tier from a “position of strength” because of the substantial subscriber growth numbers.
Shares of United Airlines (UAL) increased by 6% during extended trading after the airline exceeded expectations for both its revenue and its earnings. The revenue hit $12.9 billion, which resulted in $2.81 in adjusted profits per share. Despite the fact that the economy is showing signs of faltering, United expressed optimism on demand and stated that it anticipates the “Covid recovery trend to overcome recessionary challenges.”
Intuitive Surgical (ISRG): Shares rose as the robotic surgical firm posted sales of $1.56 billion for the third quarter, 11% more than the same period a year earlier. The company also reported adjusted earnings of $1.19 per share. Additionally, the business said that it had repurchased one billion dollars worth of its ordinary shares during the third quarter of 2022.
J.B. Hunt (JBHT): During the third quarter, the company’s earnings exceeded expectations on both the top and bottom lines, which drove the price of the company’s shares up in extended trading. The rise in truckload volume contributed 13% to the overall increase in operating revenue, which brought the total to $3.84 billion, a 22% increase from the previous year.
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Author Valerie Remorosa 
