Netflix earnings top estimates as company raises full-year revenue forecast

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Netflix topped second quarter earnings expectations, beating on both the top and bottom lines and raising its full year revenue guidance as the streamer continues to stand out amid a tech-driven market rally.

Netflix reported second quarter revenue of $11.08 billion, up 17.3% year over year and above the company’s prior guidance of $11.04 billion. Earnings per share came in at $7.19, topping Netflix’s forecast of $7.03 and up from $4.88 a year ago.

Despite the beats, shares slipped over 1% in premarket trading on Friday as investors digested the results. Yahoo Finance reports.

🤖 Meta hires two key Apple AI experts after poaching their boss: Meta Platforms hired a pair of key artificial intelligence researchers who worked at Apple, shortly after poaching their former boss from the iPhone maker.

The social networking giant hired Mark Lee and Tom Gunter for its Superintelligence Labs team, according to people with knowledge of the matter. Lee has started at Meta after leaving Apple in recent days, while Gunter will begin work in the near future, said the people, who asked not to be identified because the hires haven’t been announced.

The moves are part of a scramble for AI talent across the tech industry. Meta, the owner of Facebook and Instagram, has been especially aggressive in its recruiting.

Chief Executive Officer Mark Zuckerberg has made artificial intelligence the company’s top priority, spending heavily on workers and data centers to try and keep pace with rivals like OpenAI and Google. Yahoo Finance reports.

⛽ Chevron wins Exxon battle over Guyana oilfield: Chevron will proceed with its $53 billion acquisition of Hess, after it prevailed in a landmark legal battle against larger rival Exxon Mobil to gain access to the largest oil discovery in decades.

Shares of Chevron were up 3.6% in premarket trading, with Hess gaining nearly 7.4%. Exxon shares were up 0.3%. Reuters reports.

👗 Ralph Lauren’s Quarterly Earnings Preview: What You Need to Know: Valued at a market cap of $17.2 billion, Ralph Lauren Corporation (RL) is a globally renowned lifestyle and fashion brand.

Headquartered in New York, it designs, markets, and distributes premium products across five core categories: apparel, footwear & accessories, home furnishings, fragrances, and hospitality, including luxury restaurants like Polo Bar and Ralph’s in Paris.

The luxury fashion behemoth is expected to release its Q1 earnings on Wednesday, Aug. 6. Ahead of this event, analysts expect RL to post adjusted earnings of $3.40 per share, representing a growth of 25.9% from $2.70 per share reported in the same quarter last year.

The company has surpassed the Street's bottom-line estimates in the past four quarters. Yahoo Finance reports.

📊 S&P 500 rises to new closing record, boosted by solid earnings and U.S. economic data: Stocks rose on Thursday, buoyed by fresh economic data reports along with a slew of corporate earnings releases.

The S&P 500 added 0.54% for a record close of 6,297.36 — its ninth this year. The tech-heavy Nasdaq Composite advanced 0.75% for its tenth record close of 2025, ending at 20,885.65. Both indexes also touched fresh intraday all-time highs.

The Dow Jones Industrial Average gained 229.71 points, or 0.52%, and settled at 44,484.49.

PepsiCo shares jumped more than 7% on the back of better-than-expected earnings. United Airlines gained 3% after the airline beat earnings estimates.

Quarterly earnings reports released this week have exceeded Wall Street’s expectations, fueling investor confidence.

Around 50 S&P 500 components have reported thus far, with 88% of those exceeding analysts’ expectations, FactSet data shows. CNBC reports.

🔋 Battery Material Stocks Jump after US Announces Graphite Duty: Stocks of battery material makers climbed after the US announced it would impose preliminary anti-dumping duties of 93.5% on graphite imports from China.

Shares of Australian graphite miner Syrah Resources Ltd. surged as much as 38%, while shares of South Korea’s Posco Future M Co. climbed 24%. Novonix Ltd., an Australian-listed company with a graphite production plant in Chattanooga, Tennessee, surged 21%.

Gains in these and other Asian stocks tracked earlier jumps in Canadian peers including Nouveau Monde Graphite Inc. Yahoo Finance reports.

🛍️ American Express surpasses profit expectations on robust spending: American Express exceeded estimates for second-quarter profit on Friday, fueled by resilient spending by its affluent cardholders.

The beat underscores how the credit card giant's focus on wealthy customers has helped insulate it from the effects of waning consumer confidence, which is more pronounced among lower-income households.

While not representative of the broader economy, AmEx's numbers offer valuable insight into evolving trends around travel and discretionary spending, especially among the most creditworthy borrowers.

Big banks said earlier this week that consumers remain in good financial shape despite high borrowing costs, trade policy uncertainty and a job market where companies are increasingly cautious about hiring. Yahoo Finance reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1) $TELO: Telomir Pharmaceuticals

Total gain: +138.84%

2) $BZAI: Blaize Holdings

Total gain: +95.04%

3) $XPON: Expion360

Total gain: +47.11%

4) $SVRE: Saverone 2014

Total gain: +30.67%

5) $MESO: Mesoblast

Total gain: +27.06%

The closing price of the top three market percent gainers trading near or above $3 on July 17.
Benzinga reports.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1) $ABVE: Above Food

Total gain: +102.97%

The stock appeared to be moving on no notable news.

2) $BSLK: Bolt Projects Holdings

Total gain: +41.17%

The stock appeared to be moving on no notable news.

3) $DPRO: Draganfly

Total gain: +38.41%

The stock appeared to be moving on no notable news.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars


TFC: Truist Financial Corporation
2Q 2025

Before Market Open
Estimate: 0.930
Actual: 0.910

ALV: Autoliv
3Q 2025

Before Market Open
Estimate: 2.000
Actual: 2.210

RF: Regions Financial Corporation
3Q 2025

Before Market Open
Estimate: 0.560
Actual: 0.600

Time (ET) | Report | Period

8:30 am - Housing starts - June

8:30 am - Building permits - June

“The stock market is a no-called-strike game. You don’t have to swing at everything, you can wait for your pitch.”

- Warren Buffett

Sourced in: “The Snowball: Warren Buffett and the Business of Life”, by Alice Schroeder, published in 2008.