Netflix and 2 Other Stocks are Lighting Up Trading Screens After Hours
Netflix’s (NASDAQ:NFLX) stock is getting slammed over 8% after Starz Entertainment (NASDAQ:LSTZA) said it has “ended contract renewal negotiations with Netflix.” The two companies could not come to terms on the higher cost for Starz content. This is an issue Netflix may face on an increasing basis now that content partners see more cash on Netflix sideline. Don’t Miss: Netflix: Here’s How the New Pricing Plans Affect Subscribers.
Expedia (NASDAQ:EXPE) CFO Michael Adler announced he is leaving the internet travel company. Adler will remain with the company during a transition period that will include the completion of the pending spin-off of TripAdvisor. Mark Okerstrom, currently senior vice president of corporate development, will be appointed as the company’s new CFO and will assume the role after the transition period.
H&R Block Inc. (NYSE:HRB) is down over 5%. The tax preparation company reported a first-quarter loss of $175.1 million (57 cents a share). Revenue fell to $267.6 million from $274.5 million last year.