Here's what I'm watching today with commentary from www.marketwatch.com and my notes below:
In late action Tuesday, Netflix Inc. NFLX, +19.40% reported adjusted earnings of 72 cents a share on revenue of $1.49 billion. Analysts surveyed by FactSet had expected earnings of 45 cents and revenue of $1.49 billion. The streaming video-service said it added 4.33 million net subscribers in the fourth quarter, and expects to add 4.05 million new members in the current quarter, topping analyst expectations.
Cree Inc. CREE, +4.76% posted fiscal second-quarter earnings of 33 cents a share on revenue of $313.2 million. Analysts expected 22 cents a share on revenue of $412.1 million.
International Business Machines Corp. IBM, -3.05% reported lower-than-expected sales, while topping profit estimates. IBM reported adjusted fourth-quarter earnings of $5.81 a share on revenue of $24.11 billion. Analysts had expected $5.44 per share on revenue of $24.83 billion.
NEW YORK (MarketWatch) -- Shares of Qualcomm Inc. QCOM, +1.67% fell 3.1% in premarket trade Wednesday, after a report that Samsung Electronics will no longer use Qualcomm's chips in the next version of Samsung's Galaxy S smartphone. Samsung is Qualcomm's largest customer, as it accounts for 21% of Qualcomm's revenue, according to FactSet.
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