Business

Netflix, Nordstrom, Bed Bath & Beyond


Netflix (NFLX)

Netflix shares rallied following the release of quarterly results and the announcement that cofounder Reed Hastings stepped down as chief executive officer, ceding the position to Ted Sarandos and Greg Peters.

Sarandos has been the co-CEO of the streaming giant.

Netflix’s quarterly revenue came in at $7.85 billion against consensus estimates of $7.86 billion and earnings per share of 12 cents versus Wall Street expectations of 42 cents. The streaming platform added 7.66 million subscribers, beating Wall Street estimates of 4.5 million.

northern (JWN)

Shares of Nordstrom fell after the luxury retailer lowered its full-year earnings outlook to $1.50 to $1.70 per share from $2.30 to $2.60.

“The holiday season is packed with promotions and sales are lower than pre-pandemic levels,” CEO Erik Nordstrom said in a company update on holiday shopping results.

Net sales fell 3.5% in the nine weeks ended December 31.

Nordstrom also announced that its director of merchandise, Teri Bariquit, is retiring and that the search for a successor is underway.

Shower beds and more (BBBY)

The struggling retailer announced that it received a notice from the Nasdaq Stock Exchange about the company’s failure to comply with continuing listing requirements because it had not filed quarterly results with the Securities and Exchange Commission. translation for the period ending November 26, 2022.

The notice “has no immediate effect” on the listing or trading of Bed Bath & Beyond shares, according to the company’s announcement. 8-K file.

Bed Bath & Beyond said it “continues to work hard to finalize its Quarterly Report” and plans to file as quickly as possible to regain listing rule compliance.

Ines is a senior business reporter for Yahoo Finance. Follow her on Twitter at @ines_ferre

Click here to view the latest trending tickers of the Yahoo Finance platform

Click here for the latest stock market news and in-depth analysis, including stock-moving events

Read the latest financial and business news from Yahoo Finance

Download the Yahoo Finance app for Apple or Android

Follow Yahoo Finance on Twitter, Facebook, Instagram, flip chart, LinkedInand YouTube

news7f

News7F: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button