Andrew Kessel

5 days ago | investopedia.com | Andrew Kessel

Key Takeaways After Netflix ( NFLX) delivered first-quarter earnings that topped Wall Street's expectations, several analysts lauded the company's ability to thrive amid economic uncertainty. Bank of America analysts said the streaming giant has shown "sustainable growth drivers" that could make the stock a strong defensive choice for investors. On the company's earnings call, co-CEO Greg Peters said Netflix "has been generally quite resilient" during tougher economic times.

6 days ago | investopedia.com | Andrew Kessel

Netflix ( NFLX) reported first-quarter earnings that topped analysts' expectations, sending shares higher in extended trading Thursday. The streaming giant's revenue grew over 12% year-over-year to $10.54 billion, above the analyst consensus from Visible Alpha. Net income of $2.89 billion, or $6.61 per share, rose from $2.33 billion, or $5.28 per share, a year earlier, beating Wall Street's projections. The period marked the first quarter Netflix did not report subscriber numbers.

1 week ago | investopedia.com | Andrew Kessel

Hertz ( HTZ) shares soared 56% to close at $5.71 Wednesday after billionaire Bill Ackman's investment firm Pershing Square disclosed a sizable stake in the struggling rental car company. Pershing Square held over 12.7 million shares in the company at the end of the fourth quarter, a roughly 4% stake, according to a regulatory filing Wednesday. Hertz did not immediately respond to a request for comment.

1 week ago | investopedia.com | Andrew Kessel

Abbott Laboratories ( ABT) shares surged Wednesday after the medical device maker said it plans to invest $500 million in U.S. operations and topped Wall Street's expectations with its first-quarter results. The company said Wednesday that two new manufacturing and R&D facilities in Texas and Illinois are set to open this year. Abbott expects to hire up to 200 people in Illinois and 100 in Texas for the projects, a spokesperson said.

1 week ago | investopedia.com | Andrew Kessel

United Airlines ( UAL) reported it swung to a profit in the first quarter as revenue hit a record high, sending shares surging in extended trading Tuesday. The Chicago-based carrier posted first-quarter revenue of $13.2 billion, up 5% year-over-year and above the analyst consensus from Visible Alpha. Adjusted net income of $302 million, or 91 cents per share, compared to a loss of $50 million, or 15 cents per share, a year earlier, and also topped Wall Street's estimates.