Netflix, Nordstrom, mattress tub & past

Netflix (NFLX)

Netflix shares went up after releasing its quarterly outcomes and saying co-founder Reed Hastings is stepping down as chief authorities officer, leaving the place to Ted Sarandos and Greg Peters.

Sarandos is already co-CEO of the streaming large.

Netflix’s quarterly income obtained here in at $7.eighty five billion versus a consensus estimate of $7.86 billion and earnings per share of 12 cents vs. Wall road expectations of forty two cents. The streaming platform added 7.sixty six million subscribers, topping Wall road estimates of 4.5 million.


Nordstrom (JWN)

Nordstrom shares fell after the extreme-finish retailer lowered its full 12 months revenue outlook to $1.50-$1.70 per share from $2.30 to $2.60.

“the journey season was extremely promotional, and gross sales had been softer than pre-pandemic ranges,” mentioned CEO Erik Nordstrom in a agency replace on journey purchasing outcomes.

internet gross sales fell three.5% inside the 9 weeks ending December thirty first.

Nordstrom additionally introduced its chief merchandise officer, Teri Bariquit, will retire and a search for a successor is underway.

mattress tub and past (BBBY)

The struggling retailer introduced that it obtained a discover from The Nasdaq inventory Market staying the agency is simply not in compliance with continued itemizing requirements as a consequence of it has not but filed its quarterly outcomes with the Securities and change fee for the interval ending November 26, 2022.

The discover “has no speedy impression” on the itemizing or buying and promoting of mattress tub & past’s inventory, based mostly on the agency’s eight-okay submitting.

mattress tub & past mentioned it “continues to work diligently to finalize its Quarterly Report” and plans to file as promptly as attainable to regain compliance with the itemizing rule.

Ines is a senior enterprise reporter for Yahoo Finance. observe her on Twitter at @ines_ferre

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