Netflix (NASDAQ:NFLX) Q2 Earnings, Revenue Increase; Additions Beat Forecasts

Netflix (NASDAQ:NFLX) reported Q2 earnings  of $3.29 per diluted share, up from $3.20 a year earlier. Analysts polled by Capital IQ expected $2.85 per share. Revenue for the quarter ended June 30 was $8.18 billion, up from $7.97 billion a year earlier. Analysts surveyed by Capital IQ expected $8.29 billion. The streaming giant said its global paid net additions stood at 5.89 million in Q2. Analysts polled by Visible Alpha were expecting 2.3 million. Netflix said it expects Q3 EPS of $3.52 on revenue of $8.52 billion. Analysts polled by Capital IQ are looking for EPS of $3.19 and revenue of $8.68 billion.

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United Airlines (NASDAQ:UAL) Q2 EPS, Revenue Gain; Full-Year EPS Outlook Lifted

United Airlines (NASDAQ:UAL)  reported Q2 adjusted earnings per share of $5.03, up from $1.43 a year earlier. Analysts polled by Capital IQ expected a normalized EPS of $4.06. Revenue for the quarter ended June 30 was $14.2 billion, up from $12.1 billion a year earlier. Analysts surveyed by Capital IQ expected $13.9. For 2023, United raised its full-year adjusted EPS estimates to $11 to $12 versus previous guidance of $10 to $12. Analysts expect $9.78.

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Crown Castle (NYSE:CCI) Q2 Adjusted Funds From Operations, Revenue Rise

Crown Castle (NYSE:CCI) reported Q2 adjusted funds from operations  of $2.05 per diluted share, up from $1.80 a year earlier. Analysts surveyed by Capital IQ expected $2. Revenue for the quarter ended June 30 was $1.87 billion, up from $1.73 billion a year earlier. Analysts surveyed by Capital IQ expected $1.86 billion. Crown Castle (NYSE:CCI) said it expects full-year 2023 adjusted funds from operations of $7.50 to $7.58, down from the previous outlook of $7.58 to $7.68. Analysts surveyed by Capital IQ expect $7.64.

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Tesla (NASDAQ:TSLA) Q2 Adjusted Earnings, Revenue Rise

Tesla (NASDAQ:TSLA) reported fiscal Q2 adjusted earnings of $0.91 per diluted share, up from $0.76 a year earlier. Analysts polled by Capital IQ expected $0.82. Revenue for the quarter ended June 30 was $24.93 billion, up from $16.93 billion a year earlier. Analysts surveyed by Capital IQ expected $24.73 billion. For fiscal 2023, the automaker said it expects to remain ahead of the long-term 50% compound annual growth rate in production with about 1.8 million vehicles.

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IBM (NYSE:IBM) Q2 Non-GAAP Earnings, Revenue Fall

IBM (NYSE:IBM) reported Q2 non-GAAP EPS Wednesday of $2.18, down from $2.31 a year earlier. Analysts surveyed by Capital IQ expected $2.0. Revenue for the quarter ended June 30 was $15.48 billion, down from $15.54 billion a year earlier. Analysts surveyed by Capital IQ expected $15.57 billion. The company said it expects full-year 2023 revenue growth of 3% to 5% on a constant currency basis, unchanged from the previous outlook.

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Alcoa (NYSE:AA) Swings to Loss in Q2, Revenue Falls

Alcoa (NYSE:AA)  reported a Q2 adjusted loss per share of $0.35, swinging from a profit of $2.67 a share a year ago. Analysts surveyed by Capital IQ expected a normalized loss of $0.47. Revenue for the quarter ended June 30 was $2.68 billion, down from $3.64 billion last year. Analysts polled by Capital IQ expected $2.74 billion. For Q3, the company expects a net improvement of $25 million in Aluminum Segment adjusted EBITDA on favorable raw materials and lower production costs, partially offset by unfavorable value add aluminum products sales. For 2023, the company expects total alumina and aluminum shipments to remain unchanged between 12.7 metric tons and 12.9 million metric tons and between 2.5 metric tons and 2.6 million metric tons, respectively.

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