IBM, Stride rise; Netflix, Baker Hughes fall
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday:
Netflix Inc., down $122.42 to $226.19.
The streaming video giant lost subscribers for the first time in more than a decade and it expects those losses to accelerate this quarter.
International Business Machines Corp., up $9.17 to $138.32.
The technology and consulting company’s latest quarterly profit and revenue beat Wall Street forecasts.
Procter & Gamble Co., up $4.24 to $163.65.
The maker of Charmin, Dawn and other household goods reported quarterly earnings that beat analysts’ forecasts.
ASML Holding NV, up $16.76 to $633.91.
The equipment supplier to semiconductor makers reported solid first-quarter revenue and said demand remains strong.
Stride Inc., up $5.19 to $40.60.
The online education company’s fiscal third-quarter financial results beat Wall Street forecasts.
Avient Corp., up $5.88 to $53.76.
The maker of resins used in plastic pipe and other products beat analysts’ first-quarter profit and revenue forecasts.
Baker Hughes Co., down $1.41 to $35.33.
The oilfield services company’s first-quarter earnings and revenue fell short of Wall Street forecasts.
Omnicom Group Inc., up $3.60 to $84.42.
The advertising company reported strong first-quarter profit and revenue.