Nokia's Profit Falls: Morning Tech Bytes

NEW YORK (TheStreet) --Nokia (NOK) dropped 5.5%pre-market trading Thursday after reporting that its fourth-quarter operating profit had fallen despite a sales increase.

Operating profit was down 23% to ¿884 million ($1.21 billion) from¿1.14 billion a year earlier.

Nokia said fourth-quarter sales were ¿12.65 billion vs. almost ¿12billion a year ago.

Netflix ( NFLX) popped 12.4%in pre-market trading to $205 afterposting a record jump in new subscribers.

The company saw its subscriber base top 20 million for the firsttime, as Netflix added 3.1 million new users during the quarter.Analysts predicted new users would grow to 19.5 million for the year.

The movie rental company earned $47.1 million, or 87 cents onrevenue of $596 million, compared with Wall Street's estimates of 71cents a share on revenue of $598 million.

Qualcomm ( QCOM) rose 6.3% to$55.01 afterhandily beating analyst estimates.

The San Diego-based company posted adjusted earnings of 82 cents ashare, up 32% from the year-ago quarter and a dime above analystconsensus.

Sales for the fiscal first quarter were $3.35 billion, up from the$2.67 billion level a year ago and more than the $3.2 billion analystswere looking for.

Google ( GOOG), which saidWednesday it had acquired two start-ups, was up 0.25% to $618.07 inpre-market trading. One of the start-ups is fflick, whichoperates in the online movie space; the other is SayNow,which lets celebrities interact with their fans.

Skype won't go public until the second half of this year,according to the Wall Street Journal. The Internet phonecompany filed for an IPO in August, but is pushing back its plansafter hiring new CEO Tony Bates, a former top Cisco ( CSCO) exec.

--Written by Olivia Oran in New York.

>To follow the writer on Twitter, go to http://twitter.com/Ozoran.

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