Netflix, United Rentals fall while Union Pacific, eBay rise
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Thursday:
Netflix Inc., down $37.23 to $325.21
The video streaming service suffered a slowdown in subscriber growth during its second quarter.
Novartis AG, up $4.03 to $94.26
The pharmaceutical company reported solid second quarter results and raised its profit forecast for the year.
eBay Inc., up 74 cents to $39.77
The e-commerce company beat Wall Street’s second quarter financial forecasts and said it is mulling the sale of two businesses.
United Rentals Inc., down $10.38 to $121.11
The equipment rental company trimmed its revenue forecast for the year because of bad weather and the integration of a recently purchased business.
IBM Corp., up $6.56 to $149.63
The technology and consulting company beat Wall Street’s second quarter profit and revenue forecasts.
Ashland Global Holdings Inc., down $2.17 to $75.50
The chemicals company said its third quarter results will fall short of forecasts and cut its outlook for the year.
Union Pacific Corp., up $9.70 to $174.25
The railroad operator beat Wall Street’s second quarter profit forecasts as it cut expenses to offset lower revenue.
Philip Morris International Inc., up $6.66 to $87.71
The seller of Marlboro and other cigarette brands raised its full-year profit forecast after reporting strong second quarter results.