5 Early Radar Stocks: Netflix Falls Again, HP and Campbell Soup Down 2%, and Medtronic Pops 4%
Shares of Netflix (NASDAQ:NFLX) are sinking nearly 7% in early trading. The company announced it is selling $400 million of stock and debt. The decision led to two firms issuing sell ratings on the company.
Don’t Miss: Netflix Financing: Performance is Deteriorating.
After releasing earnings late Monday, shares of Hewlett Packard (NYSE:HPQ) are down almost 2% early Tuesday. Net income for the diversified computer systems company fell to $239 million (12 cents per share), compared to $2.54 billion ($1.10 per share) a year earlier. The company reported adjusted net income of $1.17 per share. By that measure, the company beat the mean estimate of $1.13 per share. The earnings is affecting trading in Microsoft (NASDAQ:MSFT) and Dell (NASDAQ:DELL).
Campbell Soup (NYSE:CPB) is down 2% after announcing a decrease in net income. Net income for the processed and packaged goods company fell to $265 million (82 cents per share), compared to $279 million (82 cents per share) a year earlier. This is a decline of 5% from the year earlier quarter.
LDK Solar Co. Ltd. (NYSE:LDK) is falling 4.5% after falling short of estimates. The company reported a loss of $114.5 million (87 cents per diluted share). The company reported profit of $93.4 million (72 cents per diluted share) in the same quarter a year earlier. Revenue also fell by 30% to $471.9 million.
Medtronic Inc (NYSE:MDT) popped nearly 4% before the opening bell. The company’s net income jumped 54% in its fiscal second quarter. CEO Omar Ishrak said, “A majority of our business, and nearly all of our geographies, contributed to this growth.” Revenue also increased 6% to $4.13 billion.