Shares of tech giant Netflix (NFLX) are tumbling in premarket trading this morning after the company reported last night that it lost a massive 800,000 subscribers last period, due to price changes and a decision to split its streaming and DVD rental business. Netflix reported its third quarter results last night, which were actually above analyst estimates, but shares are tradign down over 35% in premarket trading as investors react to ...

Shares of Apollo Group (APOL) are off sharply in premarket trading after the company reported that it had swung to a loss during its fiscal second quarter. Going into this morning's earnings report, analysts had been expecting to see Apollo Group report earnings of $0.69 for its fiscal second quarter. Adjusted earnings were higher than estimates at $0.84 per share, but actual results showed a loss of $0.45 per share. The primary ...

JMFSP62GSPYJ Video game retailer GameStop (GME) is trading sharply higher today after the company posted strong numbers for its fourth quarter. GameStop had a very respectable 10% jump in sales, spurred by strong demand for hit titles such as Activision (ATVI)'s Call of Duty Black Ops. Going into this morning's earnings report, analysts had been expecting to see GameStop post earnings of $1.55 per share, but actual earnings came in slightly higher at ...

We have three big name stocks due to report earnings tomorrow. Here is a quick glance at what Wall Street is expecting to see. 1. Gamestop (NYSE: GME): The video game retailer is due to report its third quarter numbers tomorrow morning before the opening bell. Analysts are expecting the company to show earnings of 30 cents per share. For the same period last year, the company had earnings of 34 ...

Taking a look at futures trading this morning indicates that the market is going to get off to a tough start for the trading day of February. Investors continue to express concern that the stimulus package that was recently passed in the House is not going to get passed when the Senate gets its chance to vote on the new plan. There is still a good deal of concern over what ...

With the way the market has been moving violently lower the past couple of week, the Federal Reserve announced today it was lowering its key federal funds rate by half of a percentage point, down to 1.5%. It lowered the discount rate by the same amount, down to 1.75%. The Fed stated that economic growth had slowed "markedly in recent months," and that the cut was necessary. Futures are trading higher this ...

Another tough day ahead of us on Wall Street, as international markets have sold off about 4% today on widening fears over the slowing global economy. Look for another sell off on Wall Street, as futures are indicating a very sharp drop at the open. After the volatile week last week, many of us had some hopes that the Bush approved $700 billion bailout plan that was passed late on Friday ...

Yesterday was brutal on the stock market, with the largest one day drop in history, as the DOW fell 777 points, a decline of nearly 7. The Nasdaq dropped by even more on a percentage basis, with a decline of 9.14%, and the S&P gave back 8.8% yesterday. Futures are trading higher today, but it is going to take a lot more than one day of upside to make up what ...

Looks like another tough start to the week for Wall Street, as traders express their disappointment in the proposed bailout plan that looks likely to pass Congress the week. The Bush administration is pushing hard for its $700 billion bailout, but Wall Street doesn't believe that the Bush plan is going to be enough to help bailout the struggling economy, and futures are trading sharply lower this morning now that it ...

With the way oil prices have been moving this year, it is not too surprising that oil giant Exxon Mobil (NYSE: XOM) was able to show yet another record setting quarterly profit this morning. However, despite the record setting quarter, the company still failed to meet analyst expectations. Let's take a look at the numbers; For the quarter, Exxon posted $2.22 per share on profits of $11.68 billion and a stunning ...