Netflix, Inc.(NASDAQ:NFLX) Plunges On Subscribers Cut – SEH, RFMD, LL, TPX, NFLX)
Spartech Corporation(NYSE:SEH) shares soared 62.45% to $8.35 in the early hour. Rigrodsky & Long, P.A. announced that it is investigating potential legal claims against the board of directors of Spartech regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by PolyOne Corporation in a transaction valued at approximately $393 million, including the assumption of net debt.
RF Micro Devices, Inc.(NASDAQ:RFMD) shares increased 9.39% to $4.30 after the company reported second quarter net loss of $16.46 million, as compared to profit of $14.31 million last year. Loss per share was $0.06 compared to profit of $0.05 per share in the same quarter last year. Revenue decreased to $209.67 million from $243.81 million in the same quarter last year. Adjusted quarterly net income was $7.8 million, or $0.03 per share. Analysts expected the company to report profit of $0.01 per share on revenue of $197.98 million for the quarter.
Lumber Liquidators Holdings Inc(NYSE:LL) stock gained 14.80% to $57.56 after the company reported third quarter profit of $12.9 million, or $0.46 a share, from a year-ago profit of $6.7 million, or $0.24 a share. Sales climbed 19% to $204.3 million. Analysts recently expected 34 cents in per-share earnings on revenue of $190 million.
Tempur-Pedic International Inc.(NYSE:TPX) stock plunged 20.58% to $25.31 after the company reported a third-quarter net loss of $2.0 million, or $0.03 per share, as compared with a profit of $61.95 million, or 90 cents per share, a year earlier. Adjusted profit was $0.70 per share, beating analysts estimates by 1 cent. Revenue fell 9% to $347.9 million. Analysts on average expect a profit of $2.78 per share on revenue of $1.43 billion.
Netflix, Inc.(NASDAQ:NFLX) shares declined 13.93% to $58.72 in the early hour after the company reported third-quarter net income of $7.68 million or $0.13 per share, from $62.46 million or $1.16 per share in the same quarter last year. Analysts expected the company to report earnings of $0.04 per share for the quarter. Revenues for the quarter rose to $905.09 million from $821.84 million in the prior year quarter. Analysts had consensus revenue estimate of $904.89 million for the quarter.