After Hours Movers: Netflix, Intel & Kinder Morgan Surge On Earnings; Charter & TWC Fall

Because the action does not stop with the bell, let’s take a look at Wednesday’s after-hours movers.

Moving On Earnings

After falling 2.23 percent during the day, shares of Netflix, Inc. NFLX are up more than 10 percent in after-hours, following an earnings beat. The company just reported earnings of $0.06 per share, ahead of consensus of $0.05 per share, on in-line revenue of $1.645 billion.

Another stock surging on its earnings report is Intel Corporation INTC, which is trading around $31.30 in late-Wednesday, up about 5.25 percent. The company surpassed analyst estimates with earnings of $0.55 per share (versus consensus of $0.50) and sales of $13.2 billion, in line with guidance but above the Street’s estimates.

Shares of Kinder Morgan Inc KMI are up about 1 percent in after-hours, after falling 1.18 percent during the day. However, the company missed estimates for both earnings and sales. EPS came in at $0.15, below the $0.19 consensus, while revenue fell (quarter-over-quarter and year-over-year) to $3.463 billion, missing estimates by more than $400 million.

The Charter-Time Warner Cable-Comcast Saga

On other news, Charter Communications, Inc. CHTR is down about 2.7 percent in after-hours, after Netflix, who is a big opponent of Comcast’s acquisition of Time Warner Cable Inc TWC, said in an FCC filing that it supports a merger between the latter and Charter Communications.

Reacting to the news, Time Warner Cable is also down 1.8 percent in late-Wednesday trading. Charter stands as the Nasdaq’s biggest loser in Wednesday after-hours, while Time Warner Cable saw the biggest fall in the NYSE.