Stride Hikes After Offering 3 New Online Education Offerings

'One person shot at Washington DC Peruvian Embassy'

One person has reportedly been shot and two Secret Service personnel are apparently being evaluated in connection with a shooting at the Peruvian Embassy in Washington, DC.

‘One gunshot victim and two Secret Service Police being evaluated,’ authorities said over radio channels on Wednesday at 8.10am, according to the Daily Mail.

Firefighters at the scene said that one person was shot and receiving treatment from emergency responders.

Breaking news, check back for updates…

Nasdaq Q1 Results Top Estimates, Boosts Dividend 11%

Technology company Nasdaq Inc. (NDAQ) reported Wednesday that its net income for the first quarter declined to $283 million or $1.70 per share from $298 million or $1.78 per share in the prior-year quarter.

Excluding items, adjusted net income for the quarter was $329 million or $1.97 per share, compared to $327 million or $1.96 per share in the year-ago quarter.

On average, 15 analysts polled by Thomson Reuters expected the company to report earnings of $1.95 per share for the quarter. Analysts’ estimates typically exclude special items.

Net revenues for the quarter grew 5 percent to $892 million from last year’s $851 million. Analysts expected revenues of $891.84 million for the quarter.

Solutions segments revenues decreased 15 percent, and Market Services revenues declined 6 percent from last year.

The company’s Board of Directors also declared an 11 percent higher regular quarterly dividend of $0.60 per share on the company’s outstanding common stock, payable on June 24, 2022 to shareholders of record at the close of business on June 10, 2022.

The company also began the process of obtaining certain shareholder and SEC approvals to facilitate a 3-for-1 stock split in the form of a stock dividend, which is expected to be completed in the third quarter of 2022, if approved.

European Economics Preview: Europe New Car Registrations Data Due

Passenger car registrations data from Europe is due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, the European Automobile Manufacturers’ Association is scheduled to issue Europe new car sales data for March. Sales had decreased 6.7 percent from the last year in February.

In the meantime, Destatis releases Germany’s producer prices for March. Producer price inflation is seen at 28.2 percent versus 25.9 percent in February.

At 3.00 am ET, producer price figures are due from the Czech Republic.

At 4.00 am ET, Italy’s Istat publishes foreign trade data for February. The deficit had totaled EUR 5.05 billion in January.

At 5.00 am ET, Eurostat is slated to issue eurozone industrial production and external trade figures. Economists expect industrial output to grow 0.7 percent on month in February after staying flat in January.

Netflix Stock Down 30% As Subscribers Decline For The First Time In 10 Years

Shares of Netflix, Inc. (NFLX) are down over 30% on Wednesday morning hurt largely by the video streaming giant’s quarterly results. The company reported its first quarterly subscriber loss in over 10 years.

NFLX is currently trading at $239.79, down $108.82 or 31.22%, on the Nasdaq, on a volume of 17.1 million shares, above average volume of 8.4 million shares. The stock had opened its trading at $245.20, after closing Tuesday’s trading at $348.61. The stock has traded between $239.03 and $700.99 in the past 52 week period.

Netflix said it lost about 200 thousand subscribers globally in the quarter, below its own forecast of 2.50 million additions, to end the quarter with 221.64 million subscribers. Looking ahead, the company expects to lose further 2.00 million subscribers in the second quarter of 2022.

For the first quarter, the company reported profit of $1.60 billion or $3.53 per share, down from $1.71 billion or $3.75 per share last year. Analysts on average had expected the company to earn $2.90 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 9.9% to $7.87 billion from $7.16 billion last year.

Pre-market Movers: NFLX, RMNI, LYRA, BW, NEWP…

The following are some of the stocks making big moves in Wednesday’s pre-market trading (as of 07.00 A.M. ET).

In the Green

Lyra Therapeutics, Inc. (LYRA) is up over 14% at $6.29
Babcock & Wilcox Enterprises, Inc. (BW) is up over 13% at $9.25
Super Group (SGHC) Limited (SGHC) is up over 6% at $10.25
ASML Holding N.V. (ASML) is up over 5% at $653.40
Lithia Motors, Inc. (LAD) is up over 5% at $324.80

In the Red

Netflix, Inc. (NFLX) is down over 27% at $252.19
Rimini Street, Inc. (RMNI) is down over 15% at $5.25
New Pacific Metals Corp. (NEWP) is down over 13% at $2.95
AEye, Inc. (LIDR) is down over 9% at $4.51
MedAvail Holdings, Inc. (MDVL) is down over 8% at $2.49
Roku, Inc. (ROKU) is down over 6% at $109.00
Cassava Sciences, Inc. (SAVA) is down over 6% at $21.05
Vertical Aerospace Ltd. (EVTL) is down over 6% at $7.38
Sono Group N.V. (SEV) is down over 6% at $7.08
Karyopharm Therapeutics Inc. (KPTI) is down over 6% at $6.69
Iveda Solutions, Inc. (IVDA) is down over 6% at $2.40
Autohome Inc. (ATHM) is down over 5% at $24.13

Stride Hikes After Offering 3 New Online Education Offerings

Stride, Inc. (LRN) shares are gaining more than 9 percent on Wednesday morning trade after the online healthcare and IT education provider announced online offerings of Medical Lab Assistant, Surgical Tech, and Sterile Processing Technician roles. The new programs will provide students an efficient entry to careers in allied health, the company noted.

Currently, shares are at $38.95, up 10.00 percent from the previous close of $35.41 on a volume 381,315. The shares have traded in a range of $25.55-$40.00 on a volume of 527,137.