See which stocks are posting big moves after the bell on April 16.
div > div.group > p:first-child"> Netflix shares dropped as much as 8% in extended trading Tuesday after posting better-than-expected first-quarter earnings and disappointing second-quarter guidance. The streaming platform posted earnings per share of 76 cents, beating estimates of 57 cents. Revenue was $4.52 billion, topping Wall Street's estimates of $4.5 billion, according to Refinitiv estimates.
Netflix added 9.3 million subscribers in the first quarter. Netflix's domestic paid subscriber additions were 1.74 million, topping expectations of 1.61 million, forecast by FactSet. International paid subscriber additions were 7.86 million, compared to the 7.31 million estimated. Netflix's stock recovered most of its loses.
Shares of IBM fell more than 2% after hours Tuesday after posting mixed first-quarter earnings. The computer hardware company earned $2.25 per share, topping estimates of $2.22. Revenue came in at $18.18 billion, lower than the forecast $18.46 billion surveyed by Refinitiv. United shares jumped more than 3% after hours Tuesday after the airline posted mixed first-quarter earnings. Revenue missed estimates of $9.61 billion, coming in at $9.59 billion. Earnings per share were $1.15, topping estimates of 95 cents, according to Refinitiv. The airline lowered its full-year capacity expectation because of 737 Max issues. United estimates an increase of 4% to 5% instead of 4% to 6%.
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