Watch Netflix (NFLX) today, after the stock gained nearly 15% in response to its strong Q4 results.
Netflix reported revenue of $10.25 billion, up by 16.1% Y/Y. Although Q1 revenue and earnings per share will not meet consensus estimates, the firm is forecasting strong revenue. Expect Netflix’s stock to rise in post-earnings reaction. However, the mixed results might lead to profit-taking later in the week.
United Airlines (UAL) posted strong fourth-quarter results. This will send the stock to new 52-week highs this morning. The firm posted a 7.6% increase in revenue Y/Y, to $14.67 billion. The stock will lift its peers, which include American Airlines (AAL) and Southwest Airlines (LUV).
After shares peaked at $103.32, Starbucks (SBUX) is on the rise after bouncing from the sub-$90 lows. The firm still faces headwinds as consumers cut back on spending in the restaurant sector. However, Starbucks’s turnaround efforts will lift its profitability.
Starbucks plans to implement corporate layoffs in March. CEO Brian Niccol expressed corporate structural changes ahead. As a result, the head office will have job eliminations and a smaller support team. Dubbed “Back to Starbucks,” the plan involves restructuring and reviving the Starbucks brand value.
Shareholders want to see the coffee chain giant bounce back from several quarters of severe underperformance.
