Stocks making the biggest moves premarket: IBM, Morgan Stanley, Honeywell, Netflix & more

, compared to a consensus estimate of $1.04 a share. Revenue also beat forecasts and Netflix saw an addition of 6.77 million paying subscribers during the quarter.

The company warned, however, that increasing competition could weigh on subscriber growth during the remainder of the year.– The company earned an adjusted $2.68 per share for the third quarter, a penny a share above estimates. Revenue came in below analysts' forecasts, however, with IBM reporting a fifth consecutive quarter of falling sales thanks to weakness in the company's legacy businesses.

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