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Procter & Gamble on Friday reported weaker-than-expected revenue as lower demand in China again weighed on its sales.The company's organic sales in Greater China, its second-largest market, fell 15% in the fiscal first quarter. As home prices drop and jobless rates rise in the country, shoppers have pulled back their spending, hurting P&G's sales for shampoo, diapers and other consumer staples.While executives maintained their confidence in China long term, demand isn't expected to recover for at least several more quarters."The market continues to be weak and will be weak, we believe, for a number of quarters to come," CFO Andre Schulten said on a call with the press.P&G's outlook for China didn't take into account the Chinese government's recently announced plans to boost the...

Here are five key things investors need to know to start the trading day:1. Markets2. Netflix shares jumpThe word "Netflix" shines brightly at the presentation of the new season 3 of the Netflix series "Bridgerton" on May 14, 2024.Rolf Vennenbernd | Picture Alliance | Getty ImagesShares of Netflix jumped in U.S. premarket trading after the company reported third-quarter earnings that beat expectations. The streaming giant reported earnings of $5.40 per share, higher than the LSEG consensus estimate of $5.12 per share. Revenue was $9.83 billion, also higher than the $9.77 billion expected by analysts. While not yet its primary driver of growth, Netflix's ad-tier memberships jumped 35% quarter over quarter, and the company plans to launch the service in Canada during the coming quarter and m...

Analysts are getting even more bullish on Netflix following its earnings beat for the third quarter . Shares jumped more than 6% in premarket trading Friday on the heels of the streamer's results. Earnings came in at $5.40 per share and revenue at $9.83 billion. That's well above Wall Street's estimates for the period, as analysts were expecting $5.12 per share on revenue of $9.77 billion, according to LSEG. Netflix's subscriber count for the quarter also beat the Street's expectations. The company added 5.1 million subscribers compared with the 4.5 million StreetAccount estimate. That brings its total subscriber count to 282.7 million. At JPMorgan, analyst Doug Anmuth said Netflix remains a top pick in his eyes. Forecasting "more balanced" growth next year as the company's ad tier scales ...

Check out the companies making headlines before the bell. Procter & Gamble — The stock fell 0.8% after reporting weaker-than-expected revenue. The household goods maker posted $21.74 billion in revenue while analysts polled by LSEG had estimated $21.91 billion. The company attributed the miss to lower demand in China. Adjusted earnings per share of $1.93 topped estimates of $1.90 per share. Netflix — Shares popped 6.3% after the streaming giant exceeded Wall Street's third-quarter expectations. Netflix reported earnings per share of $5.40 on revenue of $9.83 billion, while analysts polled by LSEG forecast earnings of $5.12 a share on revenue of m $9.77 billion. The company also saw its ad-supported membership tier jump 34% quarter-over-quarter. CVS Health - Shares tumbled 11% after the...

A Tesla Model 3 vehicle warns the driver to keep their hands on the wheel and be prepared to take over at anytime while driving using FSD (Full Self-Driving) in Encinitas, California, U.S., October 18, 2023. Mike Blake | ReutersTesla faces a new investigation by the National Highway Traffic Safety Administration, or NHTSA, concerning issues with its "Full Self-Driving" systems, and whether they are safe to use in fog, glaring sun or other "reduced roadway visibility conditions."The probe follows an incident in which a Tesla driver who had been using FSD, struck and killed a pedestrian, and other FSD-involved collisions during reduced roadway visibility conditions.Records posted to the NHTSA website on Friday morning said the purpose of the new probe would be to assess:"The ability of FSD'...