Shares of Alcoa (NYSE:AA) are taking a 5% hit in late trading after the company missed Q3 estimates. For the third quarter, the aluminum company posted a profit of $172 million (15 cents per share), but analysts were expecting the company to earn 22 cents per share. Other aluminum companies such as Century Aluminum (NASDAQ:CENX) and Noranda Aluminum (NYSE:NOR) are also trading lower on the news.
Get Investing Insights: Your Cheat Sheet to Alcoa Earnings.
After breaking back above $400 in regular trading hours, shares of Apple (NASDAQ:AAPL) are down to $398.50 in extended trading. Other technology stocks such as Juniper Networks (NYSE:JNPR) and Research in Motion (NASDAQ:RIMM) are also trading lower in late trading after gaining in regular hours.
Netflix (NASDAQ:NFLX) continues to look like a broken company and stock. After closing down 2.65% on Tuesday, shares continued to fall another .55% after the closing bell. Shares traded at $300 in July, but have since fallen to near $100. The company competes for viewers with Amazon (NASDAQ:AMZN), Google (NASDAQ:GOOG), and Dish Network (NASDAQ:DISH).