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. Follow @jamesjrogers >To submit a news tip, send an email to: email@example.com