{"id":64506,"date":"2022-10-19T09:08:40","date_gmt":"2022-10-19T13:08:40","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=64506"},"modified":"2022-10-19T09:08:40","modified_gmt":"2022-10-19T13:08:40","slug":"coffee-with-greta-is-this-netflixs-big-comeback","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2022\/10\/19\/coffee-with-greta-is-this-netflixs-big-comeback\/","title":{"rendered":"Coffee With Greta: Is This Netflix’s Big Comeback?"},"content":{"rendered":"

DJIA Futures: <\/b>-186 (-0.6%)<\/span><\/p>\n

SPX Futures: <\/b>-28 (-0.8%)<\/span><\/p>\n

NASDAQ Futures: <\/b>-76 (-0.7%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are dropping despite strong Q3 results from several companies as economic concerns continue to weigh on the market.<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

Netflix Crushes Earnings Expectations<\/span><\/h2>\n

Netflix <\/b>(NFLX) shares are surging 11.1% ahead of the open after crushing Q3 earnings and user growth expectations.\u00a0<\/span><\/p>\n

Here\u2019s how the streaming giant\u2019s results compared to analysts\u2019 estimates:<\/span><\/p>\n

    \n
  • EPS: $3.10 vs $2.13 expected<\/span><\/li>\n
  • Revenue: $7.93 billion vs $7.837 billion expected<\/span><\/li>\n
  • New global paid net subscribers: 2.41 million vs 1.09 million expected<\/span><\/li>\n<\/ul>\n

    That user growth was more than double Netflix\u2019s own projection for just 1 million and 1.43 million of the total were in the Asia Pacific region.\u00a0<\/span><\/p>\n

    The company expects to add 4.5 million subscribers in the next quarter and revenue of $7.8 billion.<\/span><\/p>\n

    Netflix said it is \u201cvery optimistic\u201d about its new ad supported tier that launches next month.<\/span><\/p>\n

    United Airlines Rallies After Reporting Q3 Profit, Upbeat Outlook<\/span><\/h2>\n

    United Airlines <\/b>(UAL) shares are up 5.4% in premarket trade after beating Q3 expectations on the top and bottom line.\u00a0<\/span><\/p>\n

    Here\u2019s how the airline\u2019s results compared to analysts\u2019 expectations:<\/span><\/p>\n

      \n
    • Adjusted EPS: $2.81 vs $2.28 expected<\/span><\/li>\n
    • Revenue $12.88 billion vs $12.75 billion expected<\/span><\/li>\n<\/ul>\n

      Revenue was up 13% from Q3 2019 as travelers paid higher prices for flights.\u00a0<\/span><\/p>\n

      United forecast adjusted EPS of $2.25 per share in Q4, sharply higher than analysts\u2019 estimates of $0.98.\u00a0<\/span><\/p>\n

      The airline said it \u201cnow expects fourth quarter adjusted operating margin to be above 2019 for the first time.\u201d<\/span><\/p>\n

      Higher Prices Boost Procter & Gamble<\/span><\/h2>\n

      Procter & Gamble <\/b>(PG) shares are up 1.6% ahead of the open after fiscal Q1 expectations.\u00a0<\/span><\/p>\n

      Here\u2019s how the consumer goods giant\u2019s results compared to analysts\u2019 estimates:<\/span><\/p>\n

        \n
      • EPS: $1.57 vs $1.54 expected<\/span><\/li>\n
      • Revenue $20.61 billion vs $20.28 billion expected<\/span><\/li>\n<\/ul>\n

        Higher prices for its products offset a 3% decline in sales volume.\u00a0<\/span><\/p>\n

        The CFO said, \u201cWe feel very good about the consumer reaction to our price increases because we don\u2019t see any major trade downs.\u201d<\/span><\/p>\n

        P&G expects net sales to decline 1% to 3% in fiscal 2023 and EPS growth to be at the low end of its prior forecast of flat to up to 4%.<\/span><\/p>\n

        Housing Starts Tumble<\/span><\/h2>\n

        New home construction fell more than expected in September.\u00a0<\/span><\/p>\n

        The Commerce Department reported housing starts dropped 8.1% last month to a seasonally adjusted annual rate of 1.439 million units vs 1.47 million expected.<\/span><\/p>\n

        Starts were down 7.7% year over year as high rates put pressure on the market.\u00a0<\/span><\/p>\n

        Single-family starts fell 4.7% while multi-family starts tumbled 13.1%.\u00a0<\/span><\/p>\n

        Building permits rose 1.4% to a seasonally adjusted annual rate of 1.564 million units vs 1.54 million expected.\u00a0<\/span><\/p>\n

        Mortgage Demand Drops to 25-Year Low<\/span><\/h2>\n

        Mortgage demand hit a 25-year low last week as rates continue to climb.\u00a0<\/span><\/p>\n

        The Mortgage Bankers Association reported purchase applications fell 4% weekly and were down 38% year over year.\u00a0<\/span><\/p>\n

        Refinance applications fell 7% weekly and 86% annually.\u00a0<\/span><\/p>\n

        The drop came as the average 30-year fixed contract rate rose to 6.94% from 6.81%.\u00a0<\/span><\/p>\n

        That\u2019s the highest rate on the MBA index since 2002.\u00a0<\/span><\/p>\n

        More buyers turned to adjustable rate mortgages amid the higher rates.\u00a0<\/span><\/p>\n

        The ARM share of applications rose to 12.8% last week, the highest since March 2008.<\/span><\/p>\n

        Upcoming Earnings<\/span><\/h2>\n

        Here are the key companies set to report earnings after the market close today:<\/span><\/b><\/p>\n

          \n
        • Tesla <\/b>(TSLA)<\/span><\/li>\n
        • IBM <\/b>(IBM)<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

          DJIA Futures: -186 (-0.6%) SPX Futures: -28 (-0.8%) NASDAQ Futures: -76 (-0.7%) Good morning friends! Futures are dropping despite strong Q3 results from several companies as economic concerns continue to weigh on the market. Let\u2019s get right to it! Netflix Crushes Earnings Expectations Netflix (NFLX) shares are surging 11.1% ahead of the open after crushing Q3 earnings and user growth expectations.\u00a0 Here\u2019s how the streaming giant\u2019s results compared to analysts\u2019 estimates: EPS: $3.10 vs $2.13 expected Revenue: $7.93 billion vs $7.837 billion expected New global paid net subscribers: 2.41 million vs 1.09 million expected That user growth was more than double Netflix\u2019s own projection for just 1 million and 1.43 million of the total were in the Asia Pacific region.\u00a0 The company expects to add 4.5 million subscribers in the next quarter and revenue of $7.8 billion. Netflix said it is \u201cvery optimistic\u201d about its new ad supported tier that launches next month. United Airlines Rallies After Reporting Q3 Profit, Upbeat Outlook United Airlines (UAL) shares are up 5.4% in premarket trade after beating Q3 expectations on the top and bottom line.\u00a0 Here\u2019s how the airline\u2019s results compared to analysts\u2019 expectations: Adjusted EPS: $2.81 vs $2.28 expected Revenue $12.88 billion vs $12.75 billion expected Revenue was up 13% from Q3 2019 as travelers paid higher prices for flights.\u00a0 United forecast adjusted EPS of $2.25 per share in Q4, sharply higher than analysts\u2019 estimates of $0.98.\u00a0 The airline said it \u201cnow expects fourth quarter adjusted operating margin to be above 2019 for the first time.\u201d Higher Prices Boost Procter & Gamble Procter & Gamble (PG) shares are up 1.6% ahead of the open after fiscal Q1 expectations.\u00a0 Here\u2019s how the consumer goods giant\u2019s results compared to analysts\u2019 estimates: EPS: $1.57 vs $1.54 expected Revenue $20.61 billion vs $20.28 billion expected Higher prices for its products offset a 3% decline in sales volume.\u00a0 The CFO said, \u201cWe feel very good about the consumer reaction to our price increases because we don\u2019t see any major trade downs.\u201d P&G expects net sales to decline 1% to 3% in fiscal 2023 and EPS growth to be at the low end of its prior forecast of flat to up to 4%. Housing Starts Tumble New home construction fell more than expected in September.\u00a0 The Commerce Department reported housing starts dropped 8.1% last month to a seasonally adjusted annual rate of 1.439 million units vs 1.47 million expected. Starts were down 7.7% year over year as high rates put pressure on the market.\u00a0 Single-family starts fell 4.7% while multi-family starts tumbled 13.1%.\u00a0 Building permits rose 1.4% to a seasonally adjusted annual rate of 1.564 million units vs 1.54 million expected.\u00a0 Mortgage Demand Drops to 25-Year Low Mortgage demand hit a 25-year low last week as rates continue to climb.\u00a0 The Mortgage Bankers Association reported purchase applications fell 4% weekly and were down 38% year over year.\u00a0 Refinance applications fell 7% weekly and 86% annually.\u00a0 The drop came as the average 30-year fixed contract rate rose to 6.94% from 6.81%.\u00a0 That\u2019s the highest rate on the MBA index since 2002.\u00a0 More buyers turned to adjustable rate mortgages amid the higher rates.\u00a0 The ARM share of applications rose to 12.8% last week, the highest since March 2008. Upcoming Earnings Here are the key companies set to report earnings after the market close today: Tesla (TSLA) IBM (IBM)<\/p>\n","protected":false},"author":41,"featured_media":64509,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-64506","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/64506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=64506"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/64506\/revisions"}],"predecessor-version":[{"id":64513,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/64506\/revisions\/64513"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/64509"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=64506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=64506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=64506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}