Apple Inc. (AAPL), Yahoo! Inc. (YHOO), and Netflix, Inc. (NFLX) – Tech Stocks Have A Good Start To The Week

Monday (August 18, 2014) started on a positive note for the tech industry with majority of stocks gaining momentum. Major tech giants including Apple Inc (NASDAQ:AAPL), Yahoo! Inc (NASDAQ:YHOO), and Netflix, Inc. (NASDAQ:NFLX) carried the trend forward. Some of the major gainers of the day beside these include Hewlett-Packard Company (NYSE:HPQ), Google Inc (NASDAQ:GOOG), Microsoft Corporation (NASDAQ:MSFT), International Business Machines Corp. (NYSE:IBM), and Facebook Inc (NASDAQ:FB).

Apple Inc. (NASDAQ:AAPL) started at $98.00 when market opened and closed at $99.16 with an increase of 1.2 percent. Last quarter ending on June 28, 2014 was excellent for Apple Inc. (NASDAQ:AAPL) with an EPS growth of 20% and quarterly revenue of $37.4 billion. Net profit for the quarter was $7.7 billion and the company declared $0.47 dividend against every share.

Apple (AAPL)

It was an excellent start for Yahoo! Inc (NASDAQ:YHOO), which gained nearly 2.50 percent on its share price. Yahoo’s shares opened at $36.47 and closed at $37.38 with an increase of 2.50%. Yahoo! Inc (NASDAQ:YHOO) reported its second quarter results 2014 with a 4% decline in its revenue at $1,084 million (GAAP revenue). Adjusted EBITDA for the quarter was $340 million and GAAP net earnings of $270 million.

Netflix, Inc. (NASDAQ:NFLX) helped the tech sector momentum with an increase of 1.51 percent in its share price. The share started at $459.09 and closed at $466 with 1.51% increase in its value. Netflix, Inc. (NASDAQ:NFLX) reported total revenue of $1,146 million for the second quarter 2014 with $212 million contribution profit. Netflix, Inc. (NASDAQ:NFLX) reported earnings per share of $1.15 for the quarter. The company had 50.05 million subscribers at the end of the quarter.

Global ‘Monday Blues’ For Microsoft Corporation (MSFT)’s Azure Owing to Power Outage

This article has been written by Prakash Pandey and edited by Serkan Unal.

Related posts

*

*

Top

Warren Buffett's Best Picks

Warren Buffett's these stock picks will crush the market over the next 12 months. Get our report FREE by becoming a member now