Netflix, Norwegian Cruise Line, Intuitive Surgical and more

Check out the companies that are making headlines during afternoon trading.

Netflix – Shares of the streaming giant fell more than 6% after the company reported a major missed subscriber as the pandemic’s demand surge began to fade. Netflix has added 3.98 million paid net subscribers worldwide, up from 6.2 million expected, according to FactSet. The company also said it expects to add only about 1 million subscribers in the current quarter, well below estimates.

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

Intuitive Surgery – Medical device inventory increased more than 8% following a stronger than expected first quarter report. Intuitive Surgical reported earnings of $ 3.52 per share on $ 1.29 billion in revenue. Analysts polled by Refinitiv had posted $ 2.63 per share and $ 1.1 billion in revenue. Procedures using the company’s da Vinci surgical systems were up 16% year over year.

CSX – Freight rail operator CSX was up nearly 5% despite analysts’ earnings expectations somewhat lacking. CSX earned 93 cents a share, compared to the 95 cents a share predicted on Wall Street, according to Refinitiv. Sales were $ 2.81 billion, above estimates of $ 2.78 billion.

Interactive Brokers – Shares of the e-broker fell about 1% after beating the top and bottom lines of its quarterly earnings. Interactive Brokers reported earnings per share of 98 cents on revenue of $ 893 million, while analysts expected earnings per share of 91 cents on revenue of $ 737 million, according to Refinitiv. Client accounts were up 74% from the same quarter last year to 1.33 million, the broker said.

Tenet Healthcare – Shares of the hospital company rose more than 3% on Wednesday after first-quarter results beat expectations, boosted by a jump in outpatient revenues. Tenet reported $ 1.30 in adjusted earnings per share on $ 4.78 billion in revenue. Analysts polled by Refinitiv expected 72 cents a share and $ 4.77 billion in revenue.

United Airlines – The airline’s stock rebounded 1.8% after a decline of 8.5% on Tuesday. The initial loss came after the airline reported its fifth straight quarterly loss, saying business and international travel is far from recovering. Deutsche Bank added a short-term purchase request on the airline’s stock and said it saw an “attractive” risk / reward.

Mattel – Shares of the toy company rose 1.3% after Berenberg upgraded the stock to a buy rating based on expected revenue growth. “After being overly cautious for several quarters and with a deeper understanding of the ways Mattel can sustainably grow its major franchises, we are now believers,” the company said in a note to customers. Berenberg predicts the stock will hit $ 25, which is 22% higher than where the stock closed on Tuesday.

Welbilt – Welbilt shares rose nearly 40% after the maker of professional foodservice equipment agreed to be purchased by rival Middleby in an all-share deal with an implied value of $ 4.3 billion.

MetLife – Shares of the insurance company advanced 2% after UBS initiated cover on the company with a buy rating. The company said MetLife’s “divestment and implementation strategy” is to enable “continued reduction in earnings volatility and the complexity of the business.” The company has a target price of $ 72, which is about 18% higher than where the stock closed on Tuesday.

– with reports from CNBC’s Yun Li, Jesse Pound and Pippa Stevens.