Netflix, Progressive rise; Texas Instruments, Kimberly-Clark fall, Wednesday, 1/24/2024
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Wednesday:
Netflix Inc., up $52.68 to $544.87.
The streaming entertainment giant gave investors a strong earnings forecast for its current quarter.
ASML Holding NV, up $68.92 to $847.31.
The equipment supplier to semiconductor makers beat analysts' fourth-quarter earnings and revenue forecasts.
Texas Instruments Inc., down $4.27 to $170.07.
The chipmaker gave investors a disappointing profit and revenue forecast for the current quarter.
Freeport-McMoRan, up $1.55 to $39.72.
The mining company beat analysts' fourth-quarter earnings and revenue forecasts.
Kimberly-Clark Corp., down $6.91 to $118.04.
The maker of Huggies diapers and Kleenex tissue reported disappointing fourth-quarter financial results.
eBay Inc., up 20 cents to $41.61.
The online retailer will cut about 1,000 jobs, or an estimated 9% of its full-time workforce.
Elevance Health Inc., up $1.51 to $473.67.
The health insurer's fourth-quarter earnings and revenue beat analysts' forecasts.
Progressive Corp., up $8.04 to $178.36.
The insurance company reported encouraging fourth-quarter financial results.
