Netflix, Norwegian Cruise Line, Intuitive Surgical and more

Look at the companies that are making headlines in the afternoon trading.

Netflix – Streaming giant shares plunged more than 6% after the company reported a major misdemeanor when demand for the pandemic began to decline. According to FactSet, Netflix added 3.98 million paid net subscribers, at 6.2 million. The company also said it would add just about 1 million subscribers in the current quarter, far below estimates.

Norwegian Cruise Line – The cruise line operator has seen its stock soar about 7% after Goldman Sachs upgraded the stock to buy from neutral. The Wall Street firm said its business mix and balance sheet put the company in a strong position compared to other major players in the cruise.

Intuitive surgery – Medical equipment inventory rose more than 8% after a stronger-than-expected first-quarter report. Intuitive Surgical earned $ 3.52 per share on $ 1.29 billion in revenue. Analysts surveyed by Refinitiv recorded $ 2.63 per share and $ 1.1 billion in revenue. Procedures using the company’s da Vinci Surgical Systems have increased by 16% year on year.

CSX – The freight railway company CSX has risen by almost 5% despite the lack of expectations of analysts’ earnings. According to Refinitiv, CSX earned 93 cents per share, compared to the forecast of 95 cents per share on Wall Street. Revenue is $ 2.81 billion, above estimates of $ 2.78 billion.

Interactive Brokers – The shares of the e-broker rose about 1% after beating the top and bottom line of its quarterly earnings. Interactive Brokers has an income of $ 983 million per share of 98 cents, while analysts, according to Refinitiv, expect an income of 91 cents at $ 737 million per share. The client accounts increased by 74% from the quarter of last year to 1.33 million, the broker said.

Tenet Healthcare – The hospital business’s shares rose more than 3% on Wednesday after first-quarter results beat expectations, bolstered by an increase in outpatient care revenue. Tenet reported $ 1.30 in adjusted earnings per share to $ 4.78 billion in revenue. Analysts surveyed by Refinitiv expected 72 cents a share and $ 4.77 billion in revenue.

United Airlines – The airline share recovered 1.8% after falling 8.5% on Tuesday. The initial loss comes after the airline reported its fifth consecutive quarterly loss, saying business and international travel had long since recovered. Deutsche Bank added a short-term buy call on shares of the airline, saying it looks like an ‘attractive’ risk / reward.

Mattel – Shares of the toy business rose 1.3% after Berenberg upgraded the stock to a buy rating based on expected revenue growth. “After a few quarters of over-caution and a better understanding of the ways in which Mattel can sustainably grow its key franchises, we are now believing,” the firm said in a note to customers. Berenberg predicts that the stock will reach $ 25, which is 22% higher than the shares closed on Tuesday.

Welbilt – Welbilt shares rose nearly 40% after professional food service equipment maker agreed to buy through rival Middleby in a $ 4.3 billion deal.

MetLife – Shares of the insurance company rose 2% after UBS started covering the company with a buy rating. The firm said that MetLife’s “sell-and-deploy strategy” enables the possible continuous reduction of earnings volatility and the complexity of businesses. The company has a $ 72 share on the stock, which is about 18% higher than the shares closed on Tuesday.

– with coverage of CNBC’s Yun Li, Jesse Pound and Pippa Stevens.