AT&T Falls on Earnings Miss; Netflix Reports Slowing Growth | Stock Movers
On this episode of Stock Movers: - Super Micro Computer (SMCI) jumped after reporting preliminary quarterly results that topped analysts’ estimates. The server maker said sales will be $18.5 billion to $19.5 billion in the quarter that ended Sept. 30. Analysts, on average, estimated $15 billion, according to data compiled by Bloomberg. Gross margins will be in the range of 12% to 12.5%, Super Micro said Tuesday in a statement. - AT&T (T) shares fall after it reported third-quarter wireless postpaid phone net additions that missed the average analyst estimate. - Netflix (NFLX) reported its slowest sales jump in three years and forecast a fourth consecutive quarter of slowing growth, a projection that amplifies concerns about the performance of the world’s leading online TV network. (Source: Bloomberg)
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