NYSE Updates

Netflix shares slump, Tesla’s stock slips and other stocks on the move

Here are some of the biggest movers of the day:

Stock gainers

International Business Machines Corp.’s
stock rose 2.9% after the tech giant reported better-than-expected second-quarter profit.

Shares of United Airlines Holdings Inc.
rose 1% after the air carrier raised its full-year profit outlook following strong second-quarter results.

Zions Bancorp.
shares jumped 8% after the regional bank reported a profit that topped expectations, with executives citing a rebound in customer deposits but higher resulting costs.

Stock decliners

Netflix Inc.’s
stock was off 8.7% after the streaming giant easily topped subscriber expectations but brought in less revenue than Wall Street was modeling and delivered a light top-line outlook for the current period.

Tesla Inc.
shares dropped 7.3% after the electric-vehicle maker beat Wall Street analysts for its second quarter but not in the blowout fashion that some market observers were expecting.

Shares of Discover Financial Services
dropped 14.9% after the company reported above-expectations quarterly results but disclosed a FDIC probe.

Equifax Inc.
shares fell 10.2% after the credit-reporting company reduced its full-year forecast, blaming a weak mortgage market.

Casino operator Las Vegas Sands Corp. 
reported second-quarter results that beat expectations amid a broader rebound in tourism spending at its properties in Singapore and Macau, but shares fell 3.1%. 

The U.S.-listed shares of Taiwan Semiconductor Manufacturing Co.
fell 5.2% after the contract semiconductor maker topped second-quarter earnings expectations but reported margins that contracted, while providing a somewhat downbeat outlook.

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