By Anna Prior
Among the companies with shares expected to actively trade in Wednesday?s session are Facebook Inc. (FB), Netflix Inc. (NFLX) and Tempur-Pedic International Inc. (TPX).
Facebook posted a quarterly loss Tuesday as costs mounted, but the social site also issued some encouraging data on its progress in making money from mobile phone use. The company said that 14% of its advertising sales in the period came from mobile devices. Shares rose 20% premarket to $23.57.
Netflix reported an 88% decline in third-quarter net income and signaled the expense of its international expansion would weigh on profits as the year closes out. The company said it expected overseas markets to report as much as a $119 million loss in the fourth quarter, effectively wiping out the gains it will pull in from its U.S. streaming customers. Shares slumped 17% to $57 premarket.
Tempur-Pedic swung to a loss in the third quarter as increased competition continued to take a toll on the mattress maker, pushing sales below expectations. Shares plunged 19% to $25.99 premarket as the company also cut its outlook for the year.
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