Netflix Lower, Lululemon Falls, 3M Climbs After Jeffries Note
On this episode of Stock Movers:- Netflix (NFLX) shares are lower today. Netflix reported second-quarter results that exceeded investor expectations in every major metric, saying revenue grew to $11.1 billion and earnings jumped to $7.19 a share. The company also raised its forecast for full-year sales and profit margins. The second quarter is historically slow for Netflix, which typically adds more customers at the beginning and end of the year.- Lululemon (LULU) shares are lower today following a note from an analyst at Jefferies that said the company is facing slowing sales, fewer store…
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