Netflix Says Tax Dispute Hurt Last Quarter, Capital One & GM Rally

Stock Movers

On this episode of Stock Movers:

- Capital One (COF) reported a surge in third-quarter profit, beating Wall Street estimates, and the lender announced plans to repurchase as much as $16 billion of stock in the wake of its acquisition of Discover Financial Services. Net income surged 80% to $3.19 billion, or $4.83 a share, the McLean, Virginia-based company said Tuesday in a statement. Adjusted earnings per share totaled $5.95, topping the $4.39 average estimate of analysts surveyed by Bloomberg. Shares of Capital One rose 2.7% to $223 in extended trading at 4:20 p.m. in New York. The stock had climbed 22% this year, outperforming the 16% advance for the 24-company KBW Bank Index. 

- Netflix (NFLX) said a tax dispute with Brazil cut into third-quarter earnings, marring results that otherwise fell in line with Wall Street estimates.The world’s most valuable entertainment company posted quarterly operating income of $3.24 billion, according to a statement Tuesday, about $400 million below its own forecast and analysts’ estimates. The company’s outlook for the current quarter is largely in line with Wall Street projections. Shares tumbled in afterhours trading.

- GM (GM) shares jumped the most since 2020 after the automaker raised its full-year outlook, buoyed by better-than-expected pickup truck sales and fresh relief from the Trump administration’s tariffs on auto parts. Adjusted earnings before interest and taxes will be $12 billion to $13 billion in 2025, the automaker said in a statement on Tuesday. That’s up from a previous range of $10 billion to $12.5 billion. The improved outlook comes as GM has seen a jump in sales of high-margin gas-powered SUVs and trucks partly enabled by moves to ease federal emissions rules.

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2025-10-21 5 min Transcript

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