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TheStreet Open House

Netflix, NXP, Apple: Tech Premarket

NEW YORK ( TheStreet) -- Netflix (NFLX) shares soared before the market open on Tuesday following the company's huge first-quarter earnings beat.

On Monday the Los Gatos, Calif.-based firm earned 31 cents a share on $1.02 billion in revenue. Analysts surveyed by both Thomson Reuters and Estimize were looking for earnings of 19 cents a share on $1.02 billion in sales.


Netflix shares climbed 24.05% to $216.30. The online entertainment company was also one of the most active pre-market Nasdaq stocks on share volume of 304,963.

NXP Semiconductors (NXPI) was a more modest gainer, rising 2.37% to $26.38 after reporting robust first-quarter results and healthy guidance.

The semiconductor specialist was another active pre-market Nasdaq stock on share volume of 339,422.


Shares of ARM Holdings (ARMH) surged almost 9% before market open, lifted by better-than-expected first-quarter results.

The chip design specialist rose 8.52% to $43.67. ARM was also one of the most active pre-market Nasdaq stocks on share volume of 173,598.

Apple (AAPL), which reports its fiscal second-quarter results after the market close, gained 0.76% to reach $401.70 on share volume of 160,960.

Analysts surveyed by Thomson Reuters expect the iPhone maker to report revenue of $42.31 billion and earnings of $10.01 a share.

TheStreet will be live-blogging Apple's earnings, starting at 3.45 PM ET:

--Written by James Rogers in New York.

>To submit a news tip, send an email to: tips@thestreet.com

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