AT&T Inc. (NYSE:T): AT&T said business revenues had their best year-over-year comparison in the last three years. Total business revenues were $9.2B, down 0.8% versus the year-earlier quarter. Business service revenues declined 0.3% year over year, compared to a year-over-year decline of 4.4% in the year-ago quarter, and were essentially flat sequentially. Declines in legacy products were largely offset by continued strong growth in strategic business services. Revenues from strategic business services, the new-generation capabilities that lead AT&T’s most advanced business solutions including Ethernet, VPNs, hosting, IP conferencing and application services grew 19.0% versus the year-earlier quarter, continuing strong trends in this area. This now represents a $6.2B annualized revenue stream. Total business data revenue growth accelerated to 4.2% year over year, the strongest showing in four years. Shares of AT&T Inc. are trading 3.5% higher today.
Waters Corporation (NYSE:WAT): Waters reported Q1 EPS $1.00 versus consensus $1.09 Reported Q1 revenue $420M, consensus $441.84M. Shares of Waters Corporation are trading 8.86% lower today.
Texas Instruments Incorporated (NASDAQ:TXN): CLSA views Texas Instruments’ valuation as reasonable but continues to avoid shares given lack of operating leverage. Shares of Texas Instruments Incorporated are trading 0.25% lower today.
Netflix, Inc. (NASDAQ:NFLX): Netflix (NASDAQ:NFLX) CEO Reed Hastings has suggested in a letter to investors that Comcast (NASDAQ:CMCSA) is competing unfairly in the streaming-video space, CNet reports. Hastings says Comcast was providing the company’s Xfinity Web-video service a competitive advantage “not offered to Netflix or other competitors…That is not neutral in any sense.” Shares of Netflix, Inc. are trading 13.59% lower today.
Align Technology, Inc. (NASDAQ:ALGN): JMP Securities increased its target on Align after the company reported stronger than expected Q1 results. The firm reiterates an Outperform rating on the stock. Shares of Align Technology, Inc. are trading 15.71% higher today.
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