Netflix Inc. (NASDAQ:NFLX): Netflix added new features to its streaming services that will allow users to connect directly to their Facebook account and receive personal recommendations from friends. The feature will also allow families or groups sharing an account to have separate profiles and movie queues, and can support up to five individuals. Each member will also have an individual Instant Queue of saved programs to watch and social suggestions based on what Facebook friends have watched and recently rated, USA Today reports.
Boeing Co. (NYSE:BA): Boeing won a $2 billion order from the Pentagon for 13 more P-8A multi-mission maritime surveillance planes, according to a release from the Department of Defense. The terms also cover long-term funding to get work started on 16 additional planes that will be funded in coming years, Reuters said. The Navy plans to purchase 117 of the P-8s — which are based on Boeing’s 737-800 commercial aircraft — to replace the aging P-3s.
Teva Pharmaceutical Industries Ltd. (NYSE:TEVA): Earnings per share of $1.20 have fallen in line with expectations, though revenue of $4.92 billion missed by $0.02 billion. U.S. sales grew 2 percent to $2.5 billion as increased Copaxone revenues offset an 8 percent slide in North American sales generics. European generic sales slid 5 percent. One-off items weighed in at a substantial $1.47 billion, mainly due to legal expenses for settlements of patent litigation.
Chesapeake Energy Corp. (NYSE:CHK): Shares are on a 6 percent-plus tear as the company reported EPS of 51 cents, beating by a substantial 10 cents. Revenues rose 37.9 percent over last year, to $4.67 billion, trouncing the $3.28 billion consensus estimate. Daily gas production surged 7 percent year over year, and the company raised its full-year oil production guidance. Sterne Agee notes that the company’s new CEO “is showing early success on capital efficiency initiatives, evidenced by strong earnings growth with lower capital intensity.”
Time Warner Cable (NYSE:TWC): Second quarter EPS of $1.69 beat estimates by 3 cents, though revenue fell shy by $0.03 billion at $5.55 billion. The company saw broad growth in all areas of business services revenue, with residential high-speed data revenue rising 12.5 percent to $1.424 billion; revenue per customer improved 1.2 percent to $105.21. Time Warner’s share repurchase authorization has also been increased to $4 billion.