News Summary

Shares of Ford Motor Co (NYSE: F) gained about 2.7% after the company reported upbeat Q1 results. Ford reported its quarterly earnings at $0.61 per share, up from $0.50 per share, in the year-earlier period. The company's revenue surged 18% to $33.1 billion. The company's adjusted profit for the first quarter came in at $0.62 per share. However, analysts were expecting earnings of $0.50 per share on revenue of $30.5 billion.

Shares of Netflix Inc (NASDAQ: NFLX) dropped about 5.5% after the company reported an 88% jump in its Q1 profit, but issued weaker-than-expected Q2 profit projections. The company's earnings came in at $60 million, or $1.11 per share, up from $32 million, or $0.59 per share, in the year-ago period. The company's revenue surged 46% to $719 million. However, analysts expected a profit of $1.08 per share on revenue of $703 million. NFLX projects a Q2 profit of $50 million to $62 million, or $0.93 per share to $1.15 per share. However, analysts were expecting a Q2 profit of $1.18 per share.

Shares of Lawson Software Inc (NASDAQ: LWSN) dipped about 7.5% after the company agreed to a $2 billion buyout offer from Golden Gate Capital and company Infor. Shareholders of Lawson will receive $11.25 per share in cash.

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