![Stocks making the biggest moves premarket: NFLX, TSLA, UAL Stocks making the biggest moves premarket: NFLX, TSLA, UAL](https://i0.wp.com/image.cnbcfm.com/api/v1/image/107270625-16891860642023-07-12t181707z_1901995898_rc2s12a30jh7_rtrmadp_0_netflix-results.jpeg?fit=%2C&ssl=1)
On July 12, 2023, the Netflix logo appears on one of the streaming giant’s Hollywood buildings in Los Angeles.
Mike Black | Reuters
Check out the companies making headlines pre-market.
Netflix — Shares of the streaming giant fell nearly 7% after reporting mixed quarterly results. Netflix reported earnings of $3.29 per share on revenue of $8.19 billion. Analysts polled by Refinitiv expected earnings of $2.86 a share on revenue of $8.3 billion. Netflix also said it was too early to analyze revenue from its new ad-supported tier and password-sharing crackdown in detail.
Related investment news
![Tesla underperformed despite beating second-quarter earnings expectations.This is how to trade stocks](https://i0.wp.com/image.cnbcfm.com/api/v1/image/107274471-TESLA_FINAL.png?w=640&ssl=1)
tesla — Shares were down about 4 percent in premarket trading. The electric automaker reported second-quarter earnings that topped Wall Street’s revenue and profit expectations and posted a record quarterly revenue. However, operating margins fell to their lowest levels in at least the past five quarters due to the recent price cuts.
international business machines corp. — The technology stock fell about 1% after the company reported second-quarter revenue that missed expectations, in part due to a decline in its infrastructure unit. However, IBM reported earnings that topped analysts’ expectations as the company’s gross margin expanded.
Johnson & Johnson — The pharmaceutical giant posted better-than-expected earnings and raised its full-year guidance after seeing a surge in sales at its medical technology unit, which provides surgical, orthopedic and vision equipment, and shares rose more than 1%. Johnson & Johnson reported adjusted earnings of $2.80 a share on revenue of $25.53 billion, beating Refinitiv estimates of $2.62 a share on revenue of $24.62 billion.
Las Vegas Sands — Shares of resorts and casinos fell 2% despite second-quarter results that beat analysts’ expectations. Las Vegas Sands reported adjusted earnings of 46 cents a share on quarterly revenue of $2.54 billion, while analysts polled by Refinitiv had forecast 46 cents a share on revenue of $2.39 billion.
TSMC — The chipmaker’s profit fell for the first time in four years as demand for consumer electronics continued to slump, with the company’s shares down more than 2%. TSMC reported a net profit of NT$181.8 billion, topping a Refinitiv estimate of NT$172.55 billion. Revenue for the quarter also beat expectations.
explore finance — Shares fell more than 12 percent after the financial services company reported second-quarter results that missed Wall Street expectations for both revenue and profit. Discover Financial reported earnings of $3.54 per share on revenue of $3.88 billion. Analysts expected earnings of $3.67 per share on revenue of $3.89 billion.
united airlines — United Airlines rose 3% after reporting record quarterly earnings and saying it expects a strong third quarter as travel demand surges.
Zion Bank — Shares rose more than 7 percent after the regional bank reported second-quarter earnings. During the period, the company reported a rebound in customer deposits. Earnings per share were $1.11, in line with analysts’ expectations.
American airlines — Shares of the airline fell 1% even after reporting second-quarter results that topped analysts’ expectations. American also raised its profit forecast for the year amid a continued travel boom.
Dr. Horton — The homebuilder rose 4% as strong demand for new home construction helped it beat quarterly expectations. DR Horton reported earnings of $3.90 per share on revenue of $9.73 billion. Analysts polled by Refinitiv expected earnings of $2.79 a share on revenue of $8.39 billion.
black stone — Blackstone fell 3 percent after second-quarter revenue missed expectations. The company reported earnings of 92 cents per share on revenue of $2.35 billion. Analysts polled by Refinitiv expected earnings of 92 cents a share on revenue of $2.43 billion.
anheuser-busch — Shares of the struggling brewer rose less than 1% in premarket trading after Morgan Stanley upgraded Anheuser-Busch to “overweight.” Morgan Stanley said the stock offered a “very favorable risk-reward” after the controversy surrounding Bud Light sent shares down.
— CNBC’s Tanaya Macheel, Alex Harring, Jesse Pound and Yun Li contributed reporting.
Svlook