Netflix (NFLX) leapt 7.16% to $174.97 to become the top gainer in the S&P 500 ahead of the video-streaming service's first-quarter report following the close of U.S. trading Monday. The company is expected to report net income of 18 cents a share in the first quarter on revenue of $1.02 billion.
In January, Netflix forecast that it would have 28.5 million to 29.2 million U.S. streaming subscribers as of March 31, the end of the first quarter. Netflix ended 2012 with 27.1 million U.S. streaming subscribers.
Texas Instruments (TXN) gained 1.3% to $34.68 ahead of its first-quarter earnings announcement after the close. Analysts surveyed by Thomson Reuters are expecting profit of 30 cents a share on revenue of $2.85 billion.
Closing prices: BIDU ended Monday trading down 1% at $85.66 while ZNGA rose 1.3% to $3.23. MSFT rose 3.6% to $30.83, YHOO rose 2.1% to $23.95 and DISH was up 2.8% to $40.10. GOOG was unchanged at $800.11, CBS rose 1.9% to $46.95, AAPL was up 2.1% to $398.67, NFLX zoomed 6.7% higher to $174.37 and TXN ended the day up 1.6% to $34.81.Follow @atwtse Written by Andrea Tse in New York >To contact the writer of this article, click here: Andrea Tse.
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