IBM, Express rise; Netflix, Baker Hughes fall

Save Story

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday:

Netflix Inc., down $12.11 at $326.

The streaming video company gave investors a weak forecast for subscriber growth.

IBM (IBM), up $4.72 at $143.89.

The technology and consulting company's fourth-quarter profit and revenue beat Wall Street forecasts.

Eaton Corp., up $2.64 at $97.16.

The power management company is selling its hydraulics business to Danfoss A/S for $3.3 billion in cash.

Intel Corp., up $2.18 at $62.73.

The chipmaker said Andy Bryant stepped down as chairman and will be succeeded by Omar Ishrak.

Capital One Financial Corp., up $4.57 at $106.76.

The credit card issuer and bank reported surprisingly good fourth-quarter earnings.

Express Inc., up 86 cents at $5.01.

The retailer announced plans to cut costs and close 100 stores over the next two years.

Navient Corp., up $1.32 at $15.18.

The student loan company's fourth-quarter profit and revenue beat Wall Street forecasts.

Baker Hughes Co., down 5 cents at $22.68.

The oilfield services company reported disappointing fourth-quarter earnings as lower demand hurt the industry.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

The Associated Press


    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the Trending 5.
    By subscribing, you acknowledge and agree to's Terms of Use and Privacy Policy.

    KSL Weather Forecast