Actionable news
All posts from Actionable news

5 Things You Must Know Before the Market Opens Tuesday

Updated to include earnings from Goldman Sachs.

If you'd like to receive "5 Things" in your email inbox every morning, please register for TheStreet Alerts and follow me.

Here are five things you must know for Tuesday, Oct. 18:

1. -- Netflix (NFLX) said its streaming subscriber base in the third quarter grew by 3.57 million sequentially to 86.7 million, easily topping guidance for 2.3 million net subscriber adds. U.S. subscribers grew by 370,000 (above guidance of 300,000) to 47.5 million; international subscribers grew by 3.2 million (above guidance of 2 million) to 39.25 million. On an annual basis, the subscriber base grew by 25%.

The stock of the streaming video company was soaring in premarket trading, jumping 19.4% to $119.10.

For the fourth quarter, Netflix guided for 5.2 million net additions -- 1.45 million in the U.S., 3.75 million elsewhere. That's down a bit from the 5.59 million achieved in last year's strong fourth quarter, but still better than expected and good for 23% annual growth.

Netflix reported revenue in the third quarter of $2.29 billion and earnings of 12 cents a share, topping analysts' forecasts. Fourth-quarter guidance of 13 cents a share was above consensus of 7 cents.

2. -- Visa (V) CEO Charlie Scharf will resign in December after four years leading the company.

Scharf, who led the company's...