Stocks to Watch: Netflix, Tesla, Lam Research
18 Outubro 2023 - 9:09PM
Dow Jones News
By Ben Glickman
Netflix saw a boon in subscribers in the third quarter after its
password-sharing crackdown rolled out in every region it operates
in. The streaming service also said it would raise prices for its
basic and premium plans in the U.S. Shares rise 12%, to $389.22, in
after-hours trading.
Tesla's third-quarter profit fell more than expected in the
third quarter after the company continued to slash prices for its
electric vehicles. Chief Executive Elon Musk said on a call with
analysts that he wanted to "temper expectations" for the upcoming
release of Tesla's Cybertruck, warning it won't help cash flow for
at least a year. Shares sink 5%, to $230.65, after-hours.
Lam Research reported its third-straight quarter of sales
declines in the third quarter as it faces pressure from a slumping
semiconductor industry. The company forecast another drop in profit
and revenue in the fiscal second quarter and is seeing a soft year
for customer spending. Shares fall 4.7%, to $612.25,
after-hours.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
October 18, 2023 19:54 ET (23:54 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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