Netflix, IBM, Disney and more
Fans gather at the Netflix booth at a trade show.
Mike Blake | Reuters
Check out the companies making headlines after the bell:
Netflix – Shares of the streaming giant fell 25% after reporting a loss of 200,000 subscribers in the first quarter. It was the first time Netflix reported a loss of subscribers in more than a decade. The company also reported a beat on earnings but a miss on revenue.
IBM — Shares of IBM rose 3% during extended trading after reporting a beating on top and bottom results in the first quarter. The technology services company reported adjusted earnings of $1.40 per share on $14.2 billion in revenue. Analysts had expected earnings of $1.38 per share on revenue of $13.85 billion.
Streaming companies – Shares of Disney, Roku, Warner Bros. Discovery and Paramount fell 5%, 7%, 2.8% and 5.2%, respectively, in extended trading. The changes came as Netflix reported a loss of 200,000 subscribers in its most recent quarter.
Interactive Brokers – Shares of Interactive Brokers plunged in extended trading after reporting earnings for the last quarter. The company reported a revenue loss but posted earnings per share of 82 cents, in line with analysts’ estimates.
Omnicom Group – Shares of the marketing and advertising company rose more than 1% after reporting a first-quarter earnings estimate beat. Meanwhile, Omnicom saw revenue decline from the prior year quarter.