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:

NYSE

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.

Nasdaq

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.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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