Netflix, Inc.(NASDAQ:NFLX) shares saw heavy buying action after the slump two days ago. Today rally was smooth with most of gains coming in the last 2 hours as rumors circulated among traders that Microsoft Corporation (NASDAQ:MSFT) is still interested in acquiring the company.
Just to remind, shares of NFLX saw a fall of 14% in Wednesday’s trading session after the company trimmed its subscribers target sharply for the year after reporting lower addition in the latest quarter.
Shares of NFLX rose 13.12% to $69.58, for the week it rose over 7% and saw a recover of 21% from week’s low of $57.40.
Clearwire Corporation(NASDAQ:CLWR) shares surged 5.56% to $1.90 after the company reported a third-quarter net loss of $213.78 million, wider than $84.79 million in the year-ago quarter. Loss per class A share was $0.34, narrower than $0.54 per class A share in the prior year quarter. Net loss from continuing operations narrowed to $41.34 million or $0.22 per share from $83.50 million or $0.53 per share in the comparable quarter last year. Total revenues for the quarter rose to $313.88 million from $332.18 million last year. Analysts expected the company to lose $0.27 per share on revenues of $312.13 million for the quarter.
Cabot Oil & Gas Corporation(NYSE:COG) shares climbed 10% to $47.46 after the company reported third quarter net income of $36.6 million, or $0.17 per share, as compared to $28.5 million, or $0.14 per share, in the year ago period. Adjusted net income was $43.1 million, or $0.21 per share, for the third quarter of 2012, compared to $35.3 million, or $0.17 per share, for the third quarter of 2011.
Citizens Republic Bancorp, Inc.(NASDAQ:CRBC) reported third-quarter net income of $15 million or $0.37 per share, compared with $27 million or $0.68 per share last year. Net interest income for the quarter fell to $75.80 million from $78.84 million in the same quarter last year. Analysts expected earnings of $0.48 per share on revenues of $76.06 million.
Coinstar, Inc.(NASDAQ:CSTR) stock dropped 2.78% to $44.43 after the company’s net income declined to $36.8 million or $1.14 per share in the third quarter, from $37.1 million, or $1.18 per share, in the same quarter a year earlier. Revenue rose 15.5% to $537.6 million, but missed estimates for the second straight quarter. Core diluted earnings from continuing operations were $1.26 per share. Analysts were expecting earnings of $1.15 a share, on revenue of $557 million.
Deckers Outdoor Corp(NASDAQ:DECK) reported third quarter net income of $43.06 million or $1.18 per share, lower than $62.35 million or $1.59 per share in the prior-year quarter. Net sales for the quarter decreased to $376.4 million from $414.4 million in the same quarter last year. Analysts expected the company to report earnings of $1.04 per share on consensus revenue estimate of $413.46 million. Shares of DECK slumped 16.77% to $29.54.