24H|Netflix Jumped 4% On Earnings Beat; Tesla Slipped 1% As to Delay Of US Launch Of Lower-Cost Model Y

Tiger Newspress
21 Apr

Netflix reported first-quarter adjusted earnings of $6.61 a share on revenue of $10.54 billion. Analysts surveyed by FactSet expected earnings of $5.67 a share on revenue of $10.5 billion. The stock climbed 4% in overnight trading.

Tesla's long-awaited plans for an affordable car include a U.S-made, stripped-down version of its best-selling electric SUV, the Model Y, but the production launch has been delayed, three sources with knowledge of the matter told Reuters. Tesla shares slipped 1% in overnight trading.

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