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Closing Bell Movers: Netflix slips despite ‘beat and raise' Q2 report

Closing Bell Movers: Netflix slips despite ‘beat and raise' Q2 report

In the early hours of the evening session, U.S. equity futures were broadly higher, continuing the Thursday's regular session gains. With earnings season having started with the influx of bank earnings, a handful of smaller financial institutions also reported positive results, with several making gains in after-hours trading.
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Among the most notable earnings reports, however, was from Netflix (NFLX), whose shares slid in postmarket trading despite providing a 'beat and raise' report for the second quarter. Of note, the cocmpany inccreased its FY25 forecast for revenue and free cash flow. Additionally, a report on a potential rail operator deal has sent Norfolk Southern (NSC) and CSX (CSX) flying high.
Check out this evening's top movers from around Wall Street, compiled by The Fly.
HIGHER AFTER EARNINGS –
Interactive Brokers (IBKR) up 4.7%
Independent Bank (INDB) up 2,8%
Western Alliance (WAL) up 1%
ALSO HIGHER –
Telomir Pharmaceuticals (TELO) up 140.5% after data demonstrated that Telomir-1 reversed epigenetic silencing by DNA methylation of the STAT1 gene, a tumor suppressor and immune response regulator, in a dose-dependent manner
Blaize Holdings (BZAI) up 75% after announcing its hybrid AI platform will be deployed across Asia in collaboration with Starshine
Talen Energy (TLN) up 15.5% after agreeing to acquire Moxie and Guernsey gas-fired plants for $3.5B
Norfolk Southern (NSC) and CSX (CSX) up 4.3% and 2.4%, respectively, after the Wall Street Journal reported that Union Pacific (UNP) is considering a deal for the Norfolk Southern
Jabil (JBL) up 1.8% after announced a $1B stock repurchase program
ALSO LOWER –
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