Netflix has a gradual stream of profits
Netflix (NFLX/NASDAQ) shareholders were pleased on Thursday, seeing shares rise 5% in after-hours trading on one other stellar earnings release. (All figures are in US dollars.) Earnings per share were $5.40 (vs. $5.12 billion forecast) and revenue was $9.83 billion (vs. $9.77 billion forecast).
Paid memberships also exceeded expectations at 282.7 million, in comparison with analysts’ forecast of 282.15 million. Netflix has seen a rise in viewership of recent hit shows akin to , and , in addition to recent seasons of favorite series and . Looking ahead to the following quarter, Netflix is banking on the brand new season and its foray into the world of live sports. Two National Football League (NFL) games and a highly anticipated boxing match between Jake Paul and Mike Tyson represent recent attractions for the streaming giant.
United Airlines shares are soaring
Tuesday was an enormous earnings day for United Airlines (UAL/NASDAQ) as its earnings per share got here in at $1 $3.33which is well above the $3.17 forecast by analysts. (All figures in U.S. dollars.) Revenue was $14.84 billion (vs. $14.78 billion forecast). Shares rose greater than 13% on the outperformance and news that the airline is launching a $1.5 billion share buyback program.
Company revenue rose greater than 13% year-over-year, while base economy seat sales posted an excellent more impressive 20% increase. Last week, the corporate announced recent international routes to Mongolia, Senegal, Spain, Greenland and more.
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The inflation dragon has been slain
It doesn’t seem that way back that annualized inflation topped 8%, and there doesn’t appear to be an end in sight. Well, the tip has come. Statistics Canada announced this week that the annualized consumer price index (CPI) inflation rate for September fell entirely to 1.6%. That’s significantly lower than the Bank of Canada’s 2% goal.
Led by deflation in clothing and footwear and transportation, the downward trend appears to be widespread. Gasoline prices also fell 10.7% in comparison with this time last 12 months.
Source: Statistics Canada
Of course, the rising cost of housing stays the most important concern for a lot of Canadians. Rent increases rose 8.2% 12 months over 12 months; While that is down from August’s 8.9%, it’s still a bitter pill to swallow for a lot of.
