The Netflix logo is seen at their office in Hollywood, California.
Lucy Nicholson | Reuters
Learn about the companies making headlines in mid-day trading.
Netflix — Streaming company shares rose 4.4% A day after Netflix reported lower-than-expected subscriber losses in the most recent quarter, Netflix reported a beat on earnings but decreased revenue.
Casino Stocks — Shares Las Vegas Sands And Wynn Resorts grew 3.3% and 2.3%, respectively. The action follows a Reuters report that Macau will reopen casinos on Saturday as it gradually eases back on Covid restrictions.
bath and body work – Shares of Bath & Body Works slip more than 1% After the personal care retailer cut its guidance for the second quarter and full year, The company cited macroeconomic issues as reasons for the cuts.
Baker Hughes Shares fell more than 8% after the oilfield services company reported disappointing second-quarter earnings. According to Refinitiv’s consensus estimates, Baker Hughes reported earnings of 11 cents per share, which is half of what analysts were expecting.
biogen — Shares of the biopharmaceutical company fell more than 5% despite the company’s beating report on quarterly earnings and revenue. Biogen said it faces increasing generic and biosimilar competition for the Tecfidera and Rituxan drugs.
Merck Merck shares fell 2.7% after the company’s cancer therapy drug didn’t meet your goal In a late trial in patients with head and neck cancer.
Nasdaq Shares of the exchange operator jumped 5.2% on the back of earnings on the up and down lines. Nasdaq reported earnings of $2.07 per share on revenue of $893 million.
JB Hunt Transportation Services Shares of JB Hunt are down nearly 1.7% despite a stronger-than-expected report for the most recent quarter. The company’s chief operating officer said labor and equipment markets remain “challenging”. The transportation company reported $2.42 in earnings per share on revenue of $3.84 billion. Analysts surveyed by Refinitiv penciled in $2.35 in earnings per share on revenue of $3.60 billion.
altitude fitness — Elevens shares are down more than 8% in the most recent quarter despite declining earnings and revenue. The company, formerly known as Anthem, also raised its full-year guidance.
— CNBC’s Tanaya Machiel, Sarah Minn and Jesse Pound contributed reporting