Earnings live updates: Netflix stock sinks on disappointing guidance, Schwab announces crypto trading

Netflix beat first-quarter revenue and EPS but issued weaker-than-expected Q2 guidance, sending the stock down about 8% in after-hours trading. Management reported Q1 revenue of $12.25 billion and adjusted EPS of $1.23, well above Street estimates, but guided Q2 revenue ($12.57 billion) and EPS ($0.78) below consensus, and cut its operating income outlook. The miss on guidance and the board departure of co-founder Reed Hastings amplified investor concern. The broader article situates Netflix’s report within a busy Q1 earnings week for banks and large corporates, where mixed results and guidance comments are driving volatility and shaping market expectations for corporate earnings and interest-rate sensitivity.