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Quick Look Market Closing Price:
At the close: Dow -1.57% to 12759. S&P -1.54% to 1343. Nasdaq -1.32% to 2912.
Treasurys: 30-year +0.67%. 10-yr +0.32%. 5-yr +0.18%.
Commodities: Crude -1.67% to $104.94. Gold -1.7% to $1674.95.
Currencies: Euro -0.79% vs. dollar. Yen -0.86%. Pound +0.93%.
After Hours News:
Discovery Labs (DSCO) resumes trading, with shares +26.7% AH following FDA approval of Surfaxin. Shares spiked as high as $6.85 on resumption but have since pulled back to ~$3.75."
Netflix (NFLX) +1.3% AH after Reuters reports Reed Hastings has "quietly met" with execs at top cable providers about making Netflix available as a subscription option. It's added "at least one cable operator could experiment with offering Netflix" by year's end. Hastings recently suggested Netflix will eventually be included in cable packages.
Metabolix (MBLX): Q4 EPS of -$0.28 beats by $0.02. Revenue of $439K (+288% Y/Y) misses by $61K. Shares +4.3% AH.
Netflix (NFLX) +1.3% AH after Reuters reports Reed Hastings has "quietly met" with execs at top cable providers about making Netflix available as a subscription option. It's added "at least one cable operator could experiment with offering Netflix" by year's end. Hastings recently suggested Netflix will eventually be included in cable packages.
Metabolix (MBLX): Q4 EPS of -$0.28 beats by $0.02. Revenue of $439K (+288% Y/Y) misses by $61K. Shares +4.3% AH.
Western Digital (WDC) and Hitachi (HIT) announce that they've obtained all required regulatory approvals for WD's acquisition of Viviti Technologies, and expect the acquisition to close on March 8. WDC +0.6%, HIT -1.7% AH.
MAKO Surgical (MAKO): Q4 EPS of -$0.14 in-line. Revenue of $32.9M (+122.3% Y/Y) beats by $2M. Shares -1.4% AH.
ZipRealty (ZIPR): Q4 EPS of -$0.10 misses by $0.03. Revenue of $18.5M (-31.5% Y/Y) misses by $3.5M
Pandora's (P) FQ4: Listener hours totaled 2.7B, +29% Q/Q and +99% Y/Y. However, ad revenue growth was slower (+9% Q/Q and +73% Y/Y), which suggests Pandora may be facing monetization challenges. Meanwhile, content acquisition costs (royalties) rose 101% Y/Y, and equaled 59% of revenue. Pandora says it now has a 69.8% share among the top 20 U.S. Internet radio services, up 1150 bps Y/Y. P -13.5% AH
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