{"id":73475,"date":"2024-01-24T09:04:29","date_gmt":"2024-01-24T14:04:29","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=73475"},"modified":"2024-01-24T09:04:29","modified_gmt":"2024-01-24T14:04:29","slug":"coffee-with-greta-nflx-delivers","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2024\/01\/24\/coffee-with-greta-nflx-delivers\/","title":{"rendered":"Coffee With Greta: NFLX Delivers"},"content":{"rendered":"

DJIA Futures: <\/b>+140 (+0.4%)<\/span><\/p>\n

SPX Futures: <\/b>+25 (+0.5%)<\/span><\/p>\n

NASDAQ Futures: <\/b>+138 (+0.8%)<\/span><\/p>\n

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

Futures are higher as tech stocks rise after <\/span>Netflix\u2019s <\/b>(NFLX) strong Q4 results.\u00a0<\/span><\/p>\n

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

Netflix Rallies\u00a0<\/span><\/h2>\n

Netflix <\/b>(NFLX) shares are rallying 10.6% ahead of the open after beating Q4 subscriber and revenue expectations.\u00a0<\/span><\/p>\n

Here\u2019s how the streaming giant\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

    \n
  • EPS: $2.11 vs $2.22 expected<\/span><\/li>\n
  • Revenue: $8.83 billion vs $8.72 billion expected<\/span><\/li>\n
  • Total memberships: 260.8 million vs 256 million expected<\/span><\/li>\n<\/ul>\n

    The company added 13.1 million subscribers during the quarter, blowing past expectations of 8 million to 9 million.\u00a0<\/span><\/p>\n

    Netflix raised its 2024 operating margin forecast to 24% from 22% to 23% previously.\u00a0<\/span><\/p>\n

    The company expects EPS of $4.49 in Q1 vs analysts\u2019 $4.10 estimate.<\/span><\/p>\n

    Texas Instruments Revenue Falls Short<\/span><\/h2>\n

    Texas Instruments <\/b>(TXN) shares are falling 2.8% in premarket trade after reporting mixed Q4 results and issuing weak guidance.\u00a0<\/span><\/p>\n

    Here\u2019s how the chipmaker\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

      \n
    • EPS: $1.49 vs $1.47 expected<\/span><\/li>\n
    • Revenue: $4.08 billion vs $4.12 billion expected<\/span><\/li>\n<\/ul>\n

      Revenue fell 13% year over year.\u00a0<\/span><\/p>\n

      The company\u2019s CEO said, \u201cDuring the quarter we experienced increasing weakness across industrial and a sequential decline in automotive.\u201d<\/span><\/p>\n

      Texas Instruments forecast Q1 revenue of $3.45 billion to $3.75 billion vs $4.05 billion expected.\u00a0<\/span><\/p>\n

      AT&T Slips On Weak Results<\/span><\/h2>\n

      AT&T <\/b>(T) shares are down 2.7% ahead of the open after missing Q4 earnings expectations.\u00a0<\/span><\/p>\n

      Here\u2019s how the company\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

        \n
      • Adjusted EPS: $0.54 vs $0.56 expected<\/span><\/li>\n
      • Revenue: $32 billion vs $31.46 billion expected<\/span><\/li>\n<\/ul>\n

        Revenue was up slightly on an annual basis.\u00a0<\/span><\/p>\n

        Revenue in the wireless services division rose 3.9% from a year ago but business wireline sales dropped 10.3%.<\/span><\/p>\n

        The number of customers who added new lines during the quarter came in at 526,000 vs 487.500 expected.\u00a0<\/span><\/p>\n

        AT&T had Q4 free cash flow of $6.4 billion vs $6.1 billion expected.<\/span><\/p>\n

        The company forecast adjusted full-year 2024 EPS of $2.15 to $2.25 vs $2.46 expected.\u00a0<\/span><\/p>\n

        Mortgage Demand Rises<\/span><\/h2>\n

        Mortgage applications rose last week even as rates inched higher.\u00a0<\/span><\/p>\n

        The Mortgage Bankers Association reported purchase applications rose 8% from a week ago but were still down 18% year over year.\u00a0<\/span><\/p>\n

        That jump appeared to be driven by strong buyer demand after the holidays.\u00a0<\/span><\/p>\n

        An MBA economist said, \u201cConventional and FHA purchase applications drove most of the increase last week as some buyers moved to act early this season.\u201d<\/span><\/p>\n

        Refinance applications fell 7% weekly and 8% annually.\u00a0<\/span><\/p>\n

        The average 30-year fixed contract rate rose to 6.78% from 6.75%.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

        DJIA Futures: +140 (+0.4%) SPX Futures: +25 (+0.5%) NASDAQ Futures: +138 (+0.8%) Good morning friends! Futures are higher as tech stocks rise after Netflix\u2019s (NFLX) strong Q4 results.\u00a0 Let\u2019s get right to it! Netflix Rallies\u00a0 Netflix (NFLX) shares are rallying 10.6% ahead of the open after beating Q4 subscriber and revenue expectations.\u00a0 Here\u2019s how the streaming giant\u2019s results compared to analysts\u2019 estimates:\u00a0 EPS: $2.11 vs $2.22 expected Revenue: $8.83 billion vs $8.72 billion expected Total memberships: 260.8 million vs 256 million expected The company added 13.1 million subscribers during the quarter, blowing past expectations of 8 million to 9 million.\u00a0 Netflix raised its 2024 operating margin forecast to 24% from 22% to 23% previously.\u00a0 The company expects EPS of $4.49 in Q1 vs analysts\u2019 $4.10 estimate. Texas Instruments Revenue Falls Short Texas Instruments (TXN) shares are falling 2.8% in premarket trade after reporting mixed Q4 results and issuing weak guidance.\u00a0 Here\u2019s how the chipmaker\u2019s results compared to analysts\u2019 estimates:\u00a0 EPS: $1.49 vs $1.47 expected Revenue: $4.08 billion vs $4.12 billion expected Revenue fell 13% year over year.\u00a0 The company\u2019s CEO said, \u201cDuring the quarter we experienced increasing weakness across industrial and a sequential decline in automotive.\u201d Texas Instruments forecast Q1 revenue of $3.45 billion to $3.75 billion vs $4.05 billion expected.\u00a0 AT&T Slips On Weak Results AT&T (T) shares are down 2.7% ahead of the open after missing Q4 earnings expectations.\u00a0 Here\u2019s how the company\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $0.54 vs $0.56 expected Revenue: $32 billion vs $31.46 billion expected Revenue was up slightly on an annual basis.\u00a0 Revenue in the wireless services division rose 3.9% from a year ago but business wireline sales dropped 10.3%. The number of customers who added new lines during the quarter came in at 526,000 vs 487.500 expected.\u00a0 AT&T had Q4 free cash flow of $6.4 billion vs $6.1 billion expected. The company forecast adjusted full-year 2024 EPS of $2.15 to $2.25 vs $2.46 expected.\u00a0 Mortgage Demand Rises Mortgage applications rose last week even as rates inched higher.\u00a0 The Mortgage Bankers Association reported purchase applications rose 8% from a week ago but were still down 18% year over year.\u00a0 That jump appeared to be driven by strong buyer demand after the holidays.\u00a0 An MBA economist said, \u201cConventional and FHA purchase applications drove most of the increase last week as some buyers moved to act early this season.\u201d Refinance applications fell 7% weekly and 8% annually.\u00a0 The average 30-year fixed contract rate rose to 6.78% from 6.75%.\u00a0<\/p>\n","protected":false},"author":41,"featured_media":73481,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-73475","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\/73475","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=73475"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73475\/revisions"}],"predecessor-version":[{"id":73482,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73475\/revisions\/73482"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/73481"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=73475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=73475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=73475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}