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 ...

Aluminum maker Alcoa (AA) kicked off the earnings season this afternoon, posting disappointing third quarter results. Going into this afternoon's earnings report, analysts had been expecting to see Alcoa post earnings of $0.22 per share, but were disappointed to see earnings come in under expectations at $0.15 per share. Despite missing its earnings estimate, the company was able to post better than expected revenues for the quarter of $6.4 billion, above the ...

The market is poised for another positive day as investors react to revised GDP numbers which show that the economy grew faster than previously thought at the end of last year. According to the Commerce Department, the economy grew at 3.1% during the fourth quarter, which is higher than analysts had been expecting to see. Going into today's report analysts had been expecting to see revised GDP output of 3.0%. Last month ...

This afternoon after the market closed, search engine giant Google Inc. (GOOG) reported better than expected earnings for its first quarter. As we noted in our Google earnings preview, analysts had forecast earnings of $6.60 for the quarter. Google outpaced analyst earnings by posting earnings of $6.76 a share. Despite posting better than expected earnings figures, the stock traded down nearly 5% in after hours trading as investors reacted negatively to the ...

The DOW closed above the psychological 10,000 mark today for the first time in a year, and ended the day up 1.47% to 10,115.86. The first time that the DOW rose above the 10,000 mark was all the way back in 1999, and at that time investors celebrated, and drank champagne, but this time it was not so much a reason to celebrate as a reason to relax a bit, as ...

The first quarter was a strange three months for the stock market. All the major indexes finished in the green to cap off a period that saw massive swings in both directions. The DOW lost about 25% between the second week of January and early March, but has made up a lot of lost ground over the past couple of weeks, as investors are starting to believe that the worst is ...