Movers & Shakers: Netflix shares slump on revenue outlook, Tesla stock slips on margin fears and other stocks on the move

by | Jul 20, 2023 | Stock Market

Here are some of the biggest movers of the day: Stock gainers: Shares of United Airlines Holdings Inc.
rose 3% in premarket trade after the air carrier raised its full-year profit outlook, following strong second-quarter results.

Zions Bancorp.
shares jumped 6% 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 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 3% after the EV 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 12% after the company reported above-expectations quarterly results but disclosed a FDIC probe. Equifax Inc. shares
fell 5% in the after-hours session 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 4%. 

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