Quick Look Market Closing Price:
At the close: Dow -0.77% to 12929. S&P -0.83% to 1367. Nasdaq -1.01% to 2970.
Treasurys: 30-year +0.46%. 10-yr +0.19%. 5-yr +0.1%.
Commodities: Crude -0.79% to $103.06. Gold -0.23% to $1638.95.
Currencies: Euro -0.48% vs. dollar. Yen -0.45%. Pound -0.06%.
After Hours News:
Texas Instruments (TXN): Q1 EPS of $0.32 beats by $0.03. Revenue of $3.1B (-8% Y/Y) in-line. Texas Instruments' Q1: TI expects Q2 revenue of $3.22B-$3.48B and EPS (exc. one-time charges) of $0.36-$0.44, compared with a consensus of $3.29B and $0.40. Analog sales fell only 1% Q/Q in spite of seasonality, which suggests TI is benefiting from synergies related to the National Semi acquisition. Wireless chip sales fell 48% Q/Q and 43% Y/Y - Nokia definitely played a role, but did Amazon as well? TXN +3.8% AH
Hexcel (HXL): Q1 EPS of $0.39 beats by $0.06. Revenue of $400M (+21% Y/Y) beats by $29M. Shares +4.5% AH
Rent-A-Center (RCII): Q1 EPS of $0.87 beats by $0.02. Revenue of $835M (+12.5% Y/Y) beats by $25M
Netflix (NFLX): Q1 EPS of -$0.08 beats by $0.19. Revenue of $870M (+28% Y/Y) in-line.Netflix's Q2 guidance: The company sees domestic streaming subs rising to just 23.6M-24.2M in Q2, and international subs to just 3.45M-4M. DVD subs are seen falling to 8.95M-9.35M. Revenue of $873M-$895M is expected for Q2, below a consensus of $897.4M. EPS of -$0.10 to $0.14 is expected, above a consensus of -$0.17. NFLX -14.2% AH
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