Shares of Netflix (NASDAQ:NFLX) are down more than 35% before the opening bell. Yesterday, after the closing bell, Netflix reported third quarter earnings that showed the company lost 810,000 subscribers. The company also gave a weak outlook for the fourth quarter. Competitors include Apple (NASDAQ:AAPL), Google (NASDAQ:GOOG), and Dish Network (NASDAQ:DISH).
Investing Insights: Netflix, Inc. Earnings Cheat Sheet: Beats Estimates, Shares Down.
3M Co. (NYSE:MMM) is down nearly 7% after reporting third quarter profits. Net income for the diversified machinery company fell to $1.09 billion ($1.52 per share) vs. $1.11 billion ($1.53 per share) a year earlier. This is a decline of 1.6% from the year earlier quarter. Check Out: 3M Earnings Cheat Sheet: Shrinking Margins for Fifth Consecutive Quarter, Net Income Falls.
Amazon (NASDAQ:AMZN) is edging slightly higher before its earnings release. The online retailer is expected to report strong sales growth. Analysts are expecting earnings of 24 cents per share, on revenue of $10.9 billion. Last year, the company earned 51 cents per share on $7.56 billion of revenue. The company competes for sales with eBay (NASDAQ:EBAY).
DuPont (NYSE:DD) is up 1.3% in early trading after reporting third quarter results. Net income increased 23% to reach $452 million (48 cents per share), compared to $367 million (40 cents per share) last year. Don’t Miss: DuPont Earnings Cheat Sheet: Beats Expectations.
Despite a 13% decline in third quarter earnings, shares of Quest Diagnostics (NYSE:DGX) are trading 9.3% higher before the opening bell. The company is also searching for its next Chief Executive, and raised its dividend by 70% to 17 cents per share. Investing Insights: Quest Diagnostics Inc. Earnings Cheat Sheet: Profit Goes South.