Netflix and Baker Hughes are big market movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:
Chesapeake Energy Corp., up $3.02 to $20.79
The energy company is selling drilling assets in West Virginia and Pennsylvania to Southwestern Energy Co. for $5.4 billion.
Delta Air Lines Inc., up 94 cents to $33.32
The airline reported a decline in quarterly profit on one-time costs, but the results beat Wall Street expectations.
Baker Hughes Inc., down $1.62 to $52.01
The oilfield services company reported worse-than-expected quarterly results, partly citing global turmoil and reduced activity.
Martha Stewart Living Omnimedia Inc., up 80 cents to $4.50
The media and lifestyle company said Meredith Corp. will take over ad sales and circulation of Martha Stewart Living magazine.
Netflix Inc., down $86.89 to $361.70
Internet video service provider's subscriber growth fell short of the company's forecasts after it increased subscription rates.
EBay Inc., down $2.36 to $47.88
The online retailer reported better-than-expected profit but revenue missed expectations and the company cut its sales forecast.
Mattel Inc., down 92 cents to $29.62
The toy company reported a 21.5 percent drop in third-quarter profit and the results fell short of Wall Street expectations.
Extreme Networks, down 70 cents to $3.06
The network infrastructure equipment company warned that its quarterly results will be lower than its previous forecast.