Shares of Netflix Inc. (NASDAQ: NFLX) have fallen sharply in trading today after the Los Gatos, California-based company reported that it added less-than-forecast subscribers in the U.S. during the second quarter. NFLX added 630,000 subscribers in the U.S. during the quarter ended June 30, 2013. The company ended the quarter with 28.6 million U.S. subscribers, which fell short of consensus forecast of 29.9 million. Looking ahead, the company expects to add 690,000 to 1.49 million new streaming customers in the U.S. in the third quarter.
NFLX also reported its financial results for the second quarter. The company reported second-quarter net income of $29.5 million, or $0.49 per share, compared to $6.16 million, or $0.11 per share reported for the same period in the previous year. Analysts were expecting the company to report second-quarter earnings of $0.40 per share. The company’s revenue for the quarter rose 20% to $1.07 billion.
At last check, NFLX shares were trading 3.65% lower at $252.40 on above average volume of 8.73 million. The stock fell to an intra-day low of $246.20 earlier in the day.
Shares of USEC Inc. (NYSE: USU), a global energy company supplying low enriched uranium (LEU) for commercial nuclear power plants, are continuing to surge in trading today. At last check, USU shares were trading 20.95% higher at $14.49 on above average volume of 2.56 million. The stock hit an intra-day high of $15.09 earlier today. USU shares have gained more than 211% in the last three trading sessions.
On Monday, USU issued a statement on trading on its common stock. The company said that it was contacted by the New York Stock Exchange last Friday regarding the unusual market activity in its common stock.
Shares of United Technologies Corporation (NYSE: UTX), a provider of high technology products and services to the building systems and aerospace industries worldwide, have edged higher in trading today after the company reported its second-quarter financial results. The company also raised its profit outlook.
For the second quarter, the Hartford, Connecticut-based company reported net income of $1.56 billion, or $1.70 per share, compared to $1.33 billion, or $1.62 per share reported for the same period in the previous year. Analysts surveyed by Bloomberg were expecting the company to report earnings $1.58 per share.
Following the better-than-expected second-quarter earnings, the company raised the lower end of its 2013 profit forecast. The company now expects its 2013 earnings to be between $6 per share and $6.15 per share.
UTX shares rose to a 52-week high of $105.50 earlier today. At last check, the stock was trading 3.27% higher at $105.45 on volume of 2.95 million.
Shares of iPhone maker Apple Inc. (NASDAQ: AAPL) have edged lower in trading today as investors wait for the company’s third-quarter financial results, which are scheduled to be released after market close today. The Cupertino, California-based company is expected to report third-quarter earnings of $7.30 per share for the third quarter. Sales for the quarter are expected to come in at $35 billion.
At last check, Apple shares were down 0.63% to $423.62 on volume of 5.05 million.
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