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Goldman's beat doesn't impress, Netflix tanks, Johnson & Johnson pops


Here are some of the stocks the Yahoo Finance team will be tracking for you today.

Goldman Sachs (GS) shares were lower in early trading despite posting earnings and revenue that trumped forecasts. Trading revenue rebounded in the second quarter and it cut costs, but the company said conditions remain challenging.

Related: Goldman Sachs smashes expectations, despite the Brexit

Netflix (NFLX) shares tanked in early trading after the video streaming service’s subscriber numbers disappointed big time in the second quarter. The company said it added 1.7 million subscribers. That was much weaker than the forecast of 2.5 million. But earnings topped estimate and revenue came in line with expectations with sales up 28% from a year ago.

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Johnson & Johnson (JNJ) got a nice pop in early trading after the world’s biggest maker of health care products reported stronger-than-expected earnings and revenue for the second quarter. Sales jumped about 4% from a year ago. The company also raised its outlook for the year.

IBM (IBM) delivered a beat on both its top and bottom lines for the second quarter as its cloud computing business continues to grow. But overall sales declined for the 17th consecutive quarter.

Yahoo (YHOO), the parent company of Yahoo Finance, came in with earnings per share that missed estimates by a penny. And while revenue topped analysts’ expectations, the improvement was due to an accounting adjustment. Yahoo gave no details about the potential sale of its core assets. CEO Marissa Mayer only saying that the company was deep into the process of evaluating proposals