Closing Bell: Earnings Sink Netflix, Texas Instruments, Mattel

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Tim Stenovec and Carol Massar.

On this episode of Stock Movers:

- Netflix (NFLX) is sinking in the afterhours. The company released earnings and missed 3Q EPS estimates. Netflix said a tax dispute with Brazil cut into earnings, with the company posting quarterly operating income of $3.24 billion, about $400 million below its own forecast and analysts’ estimates.

- Texas Instruments (TXN) fell after the biggest maker of analog chips gave a lackluster forecast for the current period, adding to concern that a chip industry recovery is sputtering. The outlook suggests that customers are slowing orders as they navigate mounting trade tensions and a shaky economy.

- Mattel (MAT) also fell on earnings, saying that sales dipped as tariff uncertainty delays Christmas orders. The company's sales declined to $1.74 billion in the quarter, with profit, excluding some items, at 89 cents per share, less than analysts were expecting.

See omnystudio.com/listener for privacy information.