Pre-Open Stock Movers:
Netflix (NASDAQ:NFLX) 28% LOWER; Q1 global streaming subscribers fell 200k versus an expected gain of 2.5 million. Q1 EPS was $3.53, versus the consensus of $2.90. Revenue was $7.87 billion versus the consensus estimate of $7.93 billion. Netflix sees Q2 2022 EPS of $3.00, versus the consensus of $3.01. Netflix sees Q2 2022 revenue of $8.05 billion, versus the consensus of $8.21 billion. The company sees Q2 global streaming paid net additions of -2 million, versus the consensus of 2.4 million.
AlloVir (ALVR) 25% HIGHER; FDA Grants RMAT Designation for Posoleucel
I-Mab Biopharma (IMAB) 17% HIGHER; is exploring options including a sale amid takeover interest, Bloomberg reported.
Roku , Inc. (NASDAQ:ROKU) 7% LOWER; falls on Netflix's results, which could be an ominous sign for Roku's results.
The Walt Disney Company (NYSE:DIS) 5% LOWER; falls on Netflix's results, which could be ominous for Disney+ numbers.
Teva (TEVA) 4% LOWER; The company and MedinCell announced that the FDA has issued a Complete Response Letter regarding the New Drug Application (NDA) for TV-46000/mdc-IRM (risperidone extended-release injectable suspension for subcutaneous use) for the treatment of schizophrenia
Spotify (NYSE:SPOT) 4% LOWER; falls on Netflix's results.
Stride Inc. (LRN) 4% HIGHER; reported Q3 EPS of $1.02, versus the consensus of $0.84. Revenue was $421.7 million versus the consensus estimate of $411.12 million. Stride Inc. sees FY2022 revenue of $1.645-1.66 billion, versus the consensus of $1.63 billion
Anthem (NYSE:ANTM) (ANTM) 3% HIGHER; posted Q1 EPS of $8.25, versus the consensus of $7.81. Revenue was $37.9 billion versus the consensus of $37.42 billion. Anthem sees FY2022 EPS of $28.40, versus the consensus of $28.48
IBM (NYSE:IBM) 2% HIGHER; Q1 EPS was reported at $1.40, $0.02 better than the analyst estimate of $1.38. Revenue was $14.2 billion versus the consensus estimate of $13.85 billion. The company sees revenue growth for the year at the high end of its model.