Business

Netflix, Las Vegas Sands and more


The Netflix logo is seen on their office in Hollywood, California.

Lucy Nicholson | Reuters

Check out the companies that make headlines in midday trading.

Netflix – Shares of the streaming company rose 4.4% a day after Netflix announced a smaller-than-expected subscriber loss in the recent quarter. Netflix reported a beat in earnings but fell short in revenue.

Casino Stocks – Stocks of Las Vegas Sands and Beach Hotels in Wynn increased by 3.3% and 2.3% respectively. The move follows a report from Reuters that Macau will reopen casinos on Saturday as it gradually relaxes back to Covid restrictions.

Body hygiene Bath & Body Works shares fall more than 1% after the personal care retailer slashed their guidance for the second quarter and full year. The company cited macroeconomic issues among the reasons for the cuts.

Baker Hughes – Shares fell more than 8% after the oilfield services company reported disappointing second-quarter earnings. According to consensus estimates from Refinitiv, Baker Hughes reported earnings of 11 cents per share, half what analysts expected.

Biogen – Shares of the biopharmaceutical company fell more than 5% despite the company reporting quarterly earnings and revenue. Biogen said it is facing increasing competition for similar and biosimilar drugs to its drugs Tecfidera and Rituxan.

Merck – Merck shares slide 2.7% after company takes cancer drug failed to achieve its goal in a late-stage trial in patients with head and neck cancer.

Nasdaq – Exchange operator shares rose 5.2% after earnings beat in the upper and lower lines. Nasdaq reported earnings of $2.07 per share on revenue of $893 million.

JB Hunt Transport Service – Shares of JB Hunt fell about 1.7% despite a better-than-expected recent quarterly report. The company’s chief executive said the labor and equipment market remained “challenging”. The transportation company reported $2.42 in earnings per share on $3.84 billion in revenue. Analysts surveyed by Refinitiv raked in $2.35 in earnings per share on $3.60 billion in revenue.

Related status – Elevance stock is down more than 8% despite falling earnings and revenue in the recent quarter. The company, formerly known as Anthem, has also enhanced its full-year guidance.

– CNBC’s Tanaya Macheel, Sarah Min and Jesse Pound contributed reporting



Source link

news7f

News7F: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button