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On a Down Day for Markets at the Open, A Few Earnings Wins

August 3, 2023
in Trade Tube
Reading Time: 1 min read
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Markets opened lower to start the day Wednesday, but stocks including U.S. Bancorp (USB) and Netflix (NFLX) had surprises for investors. U.S. Bancorp, which has seen stock about breakeven over the last 12 months, topped expectations on the bottom line and on revenue, sending the stock up slightly at the open. And Netflix’s big beat has shares soaring into the open. With expectations at $0.45/share, the company turned in a stronger-than-expected performance and delivered revenue of nearly $1.5 billion, stunning markets and lifting analysts’ long-term projections.

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