NetFlix Slides

Lexar Media drops; IBM declines; plus more of today's stocks in the news

NetFlix (NFLX ) posted an 11 cents first-quarter loss (GAAP), vs. a 5 cents loss as a sharp rise in total operating expenses offset an 80% revenue rise. S&P upgraded to hold. Piper Jaffray thinks concerns over gross margin and churn are overdone.

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