U.S. stock markets are set to open flat on Tuesday after the three main benchmark indexes closed at records levels yesterday.
Shares of Netflix, Inc. (NFLX, Financial) traded higher on the premarket Tuesday session on the heels of the company providing fourth-quarter profit and revenue beat. The company posted an earnings per share of 41 cents in-line with expectations and revenue growth of 32.7% year-over-year to $3.29 billion, which beat analyst estimates by $10 million. The company added 8.33 million new streaming subscribers in the trimester, bringing total memberships to 117.58 million.
Now, the company expects EPS in the range of 63 cents on revenue of $3.686 billion in the first quarter of 2018, higher than consensus of EPS of 54 cents and revenue of $3.487 billion.
Gainers
• H & R Block Inc (HRB, Financial)
• Whirlpool Corp (WHR, Financial)
• Mosaic Co (MOS, Financial)
• Adobe Systems Inc (ADBE, Financial)
• Alibaba Group Holding Limited (BABA, Financial)
Losers
• Procter & Gamble Co (PG, Financial)
• Dentsply Sirona Inc (XRAY, Financial)
• Nordstrom Inc (JWN, Financial)
• Ulta Beauty Inc (ULTA, Financial)
Global Markets
The main European stock markets traded in the green. The U.K.'s FTSE lost 0.06%, France's CAC climbed 0.26%, Spain's Ibex jumped 1.15% and Germany's Dax swelled 0.15%.
In Asia, Japan's Nikkei gained 1.29%, Hong Kong's Hang Seng rose 1.66%, China´s SSE Composite jumped 1.29% and India’s BSE Sensex advanced 0.96%.
(Disclosure: The author holds no positions in any stocks mentioned.)
