Check out the companies making headlines in afternoon trading.
netflix — Shares of Netflix soared 6.3% after the company’s earnings per share came in below analysts’ expectations. Nevertheless, the latest quarterly results showed Streaming service adds millions more subscribers in the quarter than Wall Street anticipated. The company also announced that Co-CEO Reed Hastings will step down from the role.,
nordstrom – Nordstrom shares fell 6.5% The company cut its annual profit forecast for its fiscal year following weak sales over the holidays. The retailer reported that net sales fell 3.5% for the holiday period, and it now expects annual revenue growth at the bottom of the 5% to 7% range it previously gave.
Retail Stocks – Following Nordstrom’s weak holiday earnings report and year-end forecast, other retailers declined. Macy’s, Cole’s And Dillard’s fell 2.5%, 4% and 1.3%, respectively.
costco — Costco shares rose 1.2% after the company’s board said Reauthorized a stock repurchase program Up to $4 billion by January 2027.