Netflix shares dropped 13% in Tuesday morning trading.
Newport Beach, CA (PRWEB) April 24, 2012
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Strong earning reports helped give the market a boost on Tuesday, although European worries still linger.
Many companies reported on Monday, including Netflix, who announced that it lost 8 cents per share on $870 million in sales last quarter. Netflix plunged 13 percent in Tuesday morning trading after several analysts cut their price targets on the Company.
United Technologies crushed earning estimates this morning. The Company's net income from continuing operations rose more than 19 percent during the first quarter.
Chipotle, who is up a whopping 400 percent in the last 3 years, reported last week. The Company saw a 35 percent jump in its first-quarter net income. Chipotle Mexican Grill operates more than 1,200 fast-casual, fresh Mexican food restaurants in the United States, Canada and England.
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