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

Here are some of the biggest movers of the day:

Stock gainers

International Business Machines Corp.’s IBM, +2.87% stock rose 2.9% after the tech giant reported better-than-expected second-quarter profit.

Shares of United Airlines Holdings Inc. UAL, +4.96% rose 1% after the air carrier raised its full-year profit outlook following strong second-quarter results.

Zions Bancorp. ZION, +10.97% 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 NFLX, -8.89% 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. TSLA, -8.94% 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 DFS, -15.87% dropped 14.9% after the company reported above-expectations quarterly results but disclosed a FDIC probe.

Equifax Inc. EFX, -9.98% 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. LVS, -2.97% 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. TSM, -4.93% fell 5.2% after the contract semiconductor maker topped second-quarter earnings expectations but reported margins that contracted, while providing a somewhat downbeat outlook.