Check out the companies that make headlines in the daytime trading.
Netflix Shares of the streaming giant jumped 21.7 percent, their worst day since July 2012. The steep sell-off came after Netflix admitted the streaming competition was growing on its own. Fourth-quarter earnings release Thursday. Other media companies Streaming service share also fell after Netflix issued a lower-than-expected subscriber recommendation. Disney shares fell 5.6 percent, while ViacomCBS lost about 6% and Discovery lost about 4%.
Peloton Shares of home fitness company jumped 11.7 percent on Friday following a massive Thursday clearing in investors selling shares, according to a CNBC report. Stop the production of motorcycles and treadmills.Peloton said Friday it was reviewing production levels. and consider dismissal.
Schlumberger Oilfield services stock fell 1.8 percent on Friday despite a better-than-expected fourth-quarter report for Schlumberger. The company reported adjusted earnings per share of 41 cents a share, while analysts polled by Refinitiv were looking. Finding 39 cents. Revenue was also above estimates. Schlumberger reported lower margins in manufacturing system units.
CSX – CSX shares fell 3.2 percent, although the rail operator posted a bigger-than-expected profit for the fourth quarter. The company posted earnings of 42 cents per share, 1 cent higher than StreetAccount’s estimate. However, CSX reported lower volumes from a year earlier.
Intuitive surgery Easy-to-use plastic surgery shares fell 7.9% even as the company’s quarterly earnings report beat expectations. Management said procedures using the DaVinci surgical system would decline significantly in the current quarter due to the coronavirus pandemic.
PPG Industries – PPG shares fell 3 percent despite beating analyst expectations in its quarterly report. Paints and coatings manufacturers said the increased supply and COVID-related disruptions from the fourth quarter are expected to continue in the current quarter.
Intel — Intel’s stock rose nearly 1% at midday but closed after the company announced plans to invest at least $20 billion in a new manufacturing facility outside Columbus, Ohio. trying to speed up supply to meet demand
Rio Tinto Rio Tinto shares fell about 2.2 percent after Serbia revoked the mining company’s lithium exploration license. The government leader said the decision came after resistance from environmental groups. Rio aims to be one of the top lithium producers. which is a key component in the battery
under armor – Clothing stock rose 1.4% after Citi upgrades Under Armor to buy from Neutral The company said in a note to customers that the industry shifting to online shopping and direct-to-consumer purchases Under Armor would improve profit margins.
— CNBC’s Tanaya Macheel, Jesse Pound and Yun Li contributed to the reporting.