The Netflix logo is seen in their office in Hollywood, California.
Lucy Nicholson | Reuters
Check out the companies that are making headlines in dinner trading.
Netflix – Shares of the streaming company rose 4.4% a day after Netflix posted a smaller-than-expected loss of subscribers in the last quarter. Netflix reported a beat on revenue, but a miss on revenue.
Casino Shares ̵[ads1]1; Shares in Las Vegas Sands and Wynn Resorts rose 3.3% and 2.3%, respectively. The action followed a report from Reuters that Macau will reopen casinos on Saturday as it gradually eases back on Covid restrictions.
Bath & Body Works – Bath & Body Works’ shares fell more than 1% after the personal care retailer trimmed the guidance for the second quarter and full year. The company cited macroeconomic problems among the reason for the cut.
Baker Hughes – Shares plunged more than 8% after the oil field service company reported disappointing second quarter results. Baker Hughes reported earnings of 11 cents per share, which is half of what analysts expected, according to consensus estimates from Refinitiv.
Biogen – The shares in the biopharmaceutical company fell more than 5% despite the company reporting a blow to quarterly results and revenues. Biogen said it is facing increasing generic and biosimilar competition for its Tecfidera and Rituxan drugs.
Merck – Merck shares fell 2.7% after the company’s cancer treatment medicine did not reach its goal in a late stage of trials with patients with head and neck cancer.
Nasdaq – The shares of the exchange operator jumped 5.2% on the back of an earnings rate on the top and bottom line. Nasdaq reported earnings of $ 2.07 per share on a turnover of $ 893 million.
JB Hunt Transport Services – Shares in JB Hunt fell around 1.7% despite a stronger-than-expected report for the last quarter. The company’s CEO said the labor and equipment markets remain “challenging.” The transportation company reported $ 2.42 in earnings per share of $ 3.84 billion in revenue. Analysts surveyed by Refinitiv had invested $ 2.35 in earnings per share of $ 3.60 billion in revenue.
Elevance Health – The Elevance share fell more than 8% despite a blow to earnings and earnings in the last quarter. The company, formerly known as Anthem, also raised the year-round guide.
– CNBC’s Tanaya Macheel, Sarah Min and Jesse Pound contributed reporting