Netflix gains on report of Apple interest in video; Starbucks bets big on China; Lions Gate beats expectations

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Netflix (NFLX) – The streaming service is in focus after a Financial Times report said that Apple (AAPL) last year proposed a bid for Time Warner (TWX), the owner of HBO, CNN and Warner Brothers. The report, citing several bankers, says Apple would be more likely to go after a streaming company such as Netflix than a pure content player.

Starbucks (SBUX) – The company announced it is bringing its first international Roastery and Reserve Tasting Room in Shanghai, China, in 2017. In an interview with Yahoo Finance, Starbucks CEO Howard Schultz said that he’s seen first hand the significant growth and development of the middle class in the country, and the company is “starting to develop the morning ritual in China.”

Lions Gate (LGF) – The company topped Wall Street estimates on both the top and bottom lines, reporting earnings per share of $0.07 on revenue of $791.2 million. Lions Gate said strong performances from television operations including “Orange Is the New Black” helped offset disappointments at the box office.

Abercrombie & Fitch (ANF) – The teen retailer reported an adjusted loss per share of $0.59, worse than Wall Street forecasts for a loss of $0.51 a share. Net sales came in at $685 million versus Wall Street estimates for $710 million.

Costco (COST) – Costco reported flat comparable sales and a rise of 2.6% in total revenue to $26.77 billion last quarter, falling below analysts’ forecasts for $27.07 billion. Costco said gasoline prices and fluctuations in foreign currency weighed on sales.