Shares of Tesla Motors, Inc. (TSLA) are up slightly this morning after the automaker released details on its new Model S Autopilot software, saying it will enable vehicles with new functions that allow them to steer, switch lanes, and park autonomously.
The company’s new offerings will be available to 50K Teslas built in the past 12 months. The new features make Tesla’s Model S the first car on the market that comes close to being driverless.
Netflix, Inc. (NFLX) shares dropped $4.83 to $105.40 in pre-market trading after it reported fiscal-third quarter earnings.
The video-streaming service handed in earnings of $0.07 per share on revenue of $1.74 billion, missing Wall Street estimates of $0.08 per share on revenue of $1.75 billion. The Los Gatos, California-based co. had forecast an addition of 1.15 million subscribers in its home market in the quarter, but ended up with just 880K, compared to 980K in the prior year. Internationally, growth of 2.74 million subscribers, compared to 2.04 million yoy, topped estimates of 2.40 million subs.
For Q415, NFLX provided EPS guidance of $0.02 versus consensus of $0.03 per share.
On valuation measures, Netflix Inc. shares, which currently have an average 3-month trading volume of 22.78 million shares, trade at a trailing-12 P/E of 247.15, a forward P/E of 344.47, and a P/E to growth ratio of 33.40. The median Street price target on the name is $125 with a high target of $175. Ticker currently boasts 20 ‘Buy’ endorsements, compared to 16 ‘Holds’ and 3 ‘Sell’.
NFLX has more than doubled in value this year.
Xilinx Inc. (XLNX) reported second-quarter EPS of $0.48 after the closing bell Wednesday, compared to the consensus estimate of $0.46. Revenues decreased 12.7% from last year to $527.57 million. Analysts expected revenues of $527.5 million.
Looking ahead, the $11.74 billion market cap programmable logic devices maker guided Q315 revenues of $543 – $565 million, as compared to analysts’ expectations of $546.18 million. The company sees sales raising 3% to 7% sequentially, while gross margin is projected at around 69%.
Xilinix stock is currently up $2.17 to $47.55 on 22K shares.
Citigroup Inc. (C) gained $1.44 to $52.16 in pre-market trading after it reported fiscal results for the third quarter.
In its quarterly report, the New York -based banking giant said it earned $1.31 per share, well above the $1.28 per share analysts were expecting. Revenue however, fell 5 percent on a yoy basis to $18.69 billion, below views for $18.82 billion.
Citi currently prints a one year loss of 1.24% and a year-to-date loss of around 6%.
Apple Inc. (AAPL) — Apple CEO Tim Cook stated in a letter to employees yesterday that all Apple employees, including workers in its Apple retail stores, will be eligible for a stock-award program.
Shares are higher 0.44% to $110.70 pre-market.