EdgeWater 10/26/2010 9:40:16 PM
News / Business

Services Sector Stocks in Focus (NFLX, ATHN, UNP)

Services Sector Stocks in Focus

Netflix, Inc. (NASDAQ:NFLX) slid 0.75% to $166.84. Last week, the company reported that its third-quarter profit surged 26% as the online movie rental company's revenue growth accelerated and margin improved. Net income rose to $38 million, or 70 cents a share, from $30.1 million, or 52 cents a share, in the year-earlier quarter.

Analysts, on average, expected the company to report earnings of 72 cents per share on revenue of $550.95 million.

The stock went up more than 199% year-to-date.

athenahealth, Inc (NASDAQ:ATHN) soared 4.46% to $39.09. Last week, the company reported its third-quarter profit jumped to 11 cents a share, compared with 3 cents for the 2009 period. Revenue increased 33% to $63 million.

The company added that 2010 revenue should be 29% higher than last year’s.

Over the past 52-week, the stock had traded within the range of $21.51-$47.82. At today`s closing market price, the market capitalization of the company stood at $1.34 billion.

Union Pacific Corporation (NYSE:UNP) rose 1.02% and closed at $87.19. The company said Thursday its third-quarter net income jumped to $778 million or $1.56 a share, from $514 million, or $1.01 a share, in the year-ago period. Revenue increased by 20% to $4.4 billion, from $3.7 billion.

The company was expected to earn $1.46 a share on revenue of $4.35 billion, according to a survey of Wall Street analysts by FactSet Research.   

Over the past 52-week, the stock had traded within the range of $54.20-$88.06. The stock has a 52-week high of $88.06, made earlier in the session.

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