Netflix, Norwegian Cruise Line, Intuitive Surgical and more

An image of a woman starting Netflix on a TV in her apartment.

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Check out the companies that are making headlines in mid-day trading.

Netflix – The streaming giant’s shares fell 7.4% after the company reported a major subscriber outage as the pandemic’s surge in demand subsided. According to FactSet, Netflix has added 3.98 million net paid subscribers worldwide, up from 6.2 million expected. The company also expects to only gain about 1 million subscribers in the current quarter, which is way below estimates.

Norwegian Cruise Line – The cruise line operator rose 10.3% after Goldman Sachs upgraded the stock to buy from Neutral. The Wall Street company said its business mix and balance sheet put the company in a strong position compared to other major cruise lines.

Intuitive Surgery – Medical device inventories rose 9.9% after an unexpectedly strong report for the first quarter. Intuitive Surgical posted earnings of $ 3.52 per share on sales of $ 1.29 billion. Analysts polled by Refinitiv had estimated $ 2.63 per share and revenue of $ 1.1 billion. Procedures using the company’s da Vinci Surgical Systems increased 16% year over year.

CSX – The rail freight company CSX rose by 4.3% despite a slight lack of profit expectations from the analysts. According to Refinitiv, CSX made 93 cents per share, compared to the 95 cents per share projected on Wall Street. Revenue was $ 2.81 billion, up over the estimate of $ 2.78 billion.

Interactive Brokers – The e-broker’s stocks fell about 1% but closed lower after beating the quarterly earnings statement. Interactive Brokers reported earnings per share of 98 cents on sales of $ 893 million, while analysts expected earnings per share of 91 cents on sales of $ 737 million, according to Refinitiv. The customer accounts rose compared to the same quarter last year by 74% to 1.33 million, said the broker.

Tenet Healthcare – The hospital company’s stocks rose 4.8% on Wednesday after first quarter results exceeded expectations, fueled by a surge in home care income. Tenet reported adjusted earnings per share of $ 1.30 on revenue of $ 4.78 billion. Analysts polled by Refinitiv expected 72 cents per share and sales of 4.77 billion US dollars.

United Airlines – The airline’s shares rebounded 3.2% after falling 8.5% on Tuesday. The initial loss came after the airline reported its fifth straight quarterly loss, saying business and international travel are still far from recovering. Deutsche Bank added a short-term call to buy shares in the airline, saying it saw “attractive” risk / reward.

Mattel – The toy company’s shares rose 1.9% after Berenberg upgraded the stock to a buy rating based on expected sales growth. “After being overly cautious for a few quarters and better understanding how Mattel can sustainably expand its key franchises, we are now believers,” the company said in a statement to customers. Berenberg expects the stock to hit $ 25, up 22% from where the stock closed on Tuesday.

Welbilt – Welbilt shares rose 44.5% after the professional food service equipment maker agreed to be bought by rival Middleby in an all-stock deal with an implied $ 4.3 billion value.

MetLife – The insurance company’s shares rose 2.4% after UBS initiated coverage of the company with a buy rating. The company said MetLife’s “divestment and delivery strategy” “enables continued reductions in revenue volatility and business complexity.” The company has a target price of $ 72 on the stock, which is roughly 18% above where the stock closed on Tuesday.

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– with reports from Yun Li, Jesse Pound and Pippa Stevens from CNBC.

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