On this episode of Stock Movers:
- AT&T (T) shares are seesawing after it reported Mobility revenue for the third quarter that missed the average analyst estimate. The company expects to maintain a consistent approach to capital returns during 2028-2029 while reducing its net debt-to-adjusted EBITDA ratio, supported by improved long-term growth in service revenue
- Netflix (NFLX) shares are in decline after the streaming-video company reported third-quarter results it said were hurt by a tax dispute with Brazil. The results came in the wake of reports that Netflix and Comcast are among the companies weighing bids for parts of Warner Bros Discovery.
- Texas Instruments (TXN) shares are lower on Wednesday after the chipmaker gave an outlook that is weaker than expected. The outlook indicates that some customers are slowing orders as they navigate mounting trade tensions.
- Mattel (MAT) shares are lower after the company reported third-quarter sales and earnings that missed analysts’ estimates due to US retailers delaying orders over uncertainty about President Donald Trump’s tariff policies.
- Beyond Meat (BYND) is higher amid a meme stock frenzy. Shares have soared double digits in premarket trading on Wednesday, setting the stock on track to extend its 146% rally in the previous session after announcing increased availability of its products at Walmart’s stores. The stock has rallied for three sessions, surging nearly 600% over the period amid meme-like trading activity following a dilutive debt swap.
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