NFLX, ORCL, AFRM and more
Check out the companies making the biggest moves premarket: Netflix — The streaming platform fell 10% as investors viewed the streaming giant’s forecast as disappointing. For its second quarter, Netflix expects to earn 78 cents per share, missing the 84 cents per share forecast from analysts polled by LSEG. The stock was also weighed down by co-founder and Netflix chairman Reed Hastings announcing he plans to leave the board in June when his term expires. Alcoa — Shares fell 2% after the aluminum producer posted an earnings miss for its last quarter. Adjusted earnings came in at $1.40 per share, while analysts polled by LSEG were looking for $1.49 per share. The company’s $3.19 billion revenue also missed estimates of $3.28 billion. Affirm — The buy-now-pay-later payment company jumped more than 3% after Morgan Stanley named the stock a top pick. Affirm has the potential for earnings upside, Morgan Stanley said, and easing private credit fears will help aid its share price, which has slumped 19% in 2026. Knight-Swift Transportation Holdings — Shares fell 1% after the company on Thursday revised its first-quarter guidance downward. While Knight-Swift management said winter weather weighed on demand, it added that rising fuel costs in March likely would put further pressure on the negative trend in supply for the trucking industry. Oracle — The stock added another 2% in premarket trading, on pace for a sixth positive session in a row. Oracle is up more than 30% on the week, which would be the stock’s best week since 1999. Albemarle — Shares fell more than 2.5% after a downgrade from Baird to neutral from outperform. The downgrade comes on the heels of the chemical company surging 16% on Thursday. Software stocks — A slew of names were again higher on Friday, as software names end what was a big rebound week. Salesforce , Adobe and ServiceNow were up about 2%, while DataDog rose 1.5%. For the week, iShares Expanded Tech-Software Sector ETF is up more than 14%. Ally Financial — The bank jumped 2.5% after it reported an earnings beat but missed on revenue. Ally delivered earnings of $1.11 per share in the first quarter, better than estimates of $0.93, according to analysts polled by FactSet. Revenue came in at $2.10 billion, missing slightly estimates of $2.14 billion. — CNBC’s Lisa Kailai Han and Nick Wells contributed reporting
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