SpaceX Beats Estimates, Netflix Forecasts a Slowdown
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Netflix reported earnings for the third quarter that exceeded Wall Street expectations, but forecast a fourth consecutive quarter of slowing sales growth. Meanwhile, SpaceX reported revenue for the third quarter that beat the average analyst estimate, sending the companies shares rising in the aftermarket. Elon Musk’s satellite, rocket and artificial intelligence conglomerate posted $4.4 billion in net income for the quarter ended in September, far better than analysts’ average projection of $1.88 billion.
On today's episode:
- Ed Ludlow, Co-Host of Bloomberg Tech
- George Ferguson, Bloomberg Intelligence Global Head of Aerospace, Defense & Airline Analysis
- Brody Ford, Bloomberg New Tech Reporter
- Prashant Gopal, Bloomberg News US Real Estate Reporter
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