Stock Market News - AMZN, NFLX, SNMX are Top Services Stocks

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Amazon.com, Inc. (Public, NASDAQ:AMZN) is the top volume and percentage gainers in the early few minutes. The stock has spurted 23.70% and is trading at $115.60 with a massive volume of 27.58 million shares. Yesterday it announced that for the fourth quarter of 2009, it expects net sales to be in the range of $8.125-$9.125 billion or to grow between 21% and 36% compared with fourth quarter 2008 and expects operating income (EBIT) to be in the range of $300-$425 million. This guidance includes approximately $100 million for stock-based compensation and amortization of intangible assets, and it assumes, among other things, that no additional business acquisitions or investments are concluded and that there are no further revisions to stock-based compensation estimates. According to Reuters Estimates, analysts are expecting the Company to report EBIT of $368 million on revenues of $8.168 billion for the same period.  Today the stock also created a new 52-week high at $115.84.

Netflix, Inc. (NASDAQ:NFLX)  is amongst the top gainer in the early morning trade and soared 10.82% to $55.00 on massive volume of 4.53 million shares after announced that for fourth quarter of 2009, it expects revenue to be in the range of $440-$446 million, up from $431-$445 million, GAAP net income of $21-$26 million, unchanged from prior guidance and GAAP earnings per share (EPS) of $0.38-$0.47 per diluted share, up from $0.36-$0.44 per diluted share. For fiscal 2009, it expects revenue to be in the range of $1.666-$1.672 billion, up from $1.65-$1.67 billion, GAAP net income of $106-$111 million, up from $99-$109 million and GAAP EPS of $1.82-$1.90 per diluted share, up from $1.65-$1.82 per diluted share. Today the stock also created a new 52-week high at $57.50.

Senomyx Inc. (NASDAQ:SNMX)    climbed 3.99% over its previous day’s price and now trades at $4.11 on an unusual volume of 453k shares. The stock announced that it has been notified by the Flavor and Extract Manufacturers Association (FEMA) that its sucrose enhancer, S6973, has been determined to be Generally Recognized As Safe (GRAS) under the provisions of the Federal Food, Drug and Cosmetic Act, administered by the United States Food and Drug Administration (FDA). Today the stock also created a new 52-week high at $4.75.

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