Yahoo Finance Stocks - Sysco Surges Midday; Netflix Falls
Investing - Food distributor Sysco (NYSE:SYY) jumped in midday trading on strong quarterly numbers, while shares of Netflix (NASDAQ:NFLX) took a hit on news of a departing senior executive.
Sysco stock rose about 6% as of 12:05 PM ET (16:05 GMT).
Sysco reported fiscal fourth-quarter profit and revenue that topped Wall Street expectations. The company highlighted reaching its adjusted growth income target.
Meanwhile, Netflix slumped about 0.7% after announcing its chief financial officer will step down.
CFO David Wells is resigning after eight years in the post and 14 at the company. The company said that Wells would stay on until a successor is chosen and no expected timeframe was given.
Overall, technology stocks were mixed. The S&P Technology Sector index rose about 0.1%.
Twitter (NYSE:TWTR), Advanced Micro Devices (NASDAQ:AMD) and CenturyLink (NYSE:CTL) were the top performers in the index.
The biggest loser midday was telecom services provider Dycom Industries (NYSE:DY), which plunged about 22% after warning on profit and sales.
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