AT&T falls after Q3 warning, CarGurus makes market debut, Amazon's holiday hiring plans

Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.

AT&T (T) fell in early trading after the telecom company warned investors to expect lower Q3 revenue and profits because of the string of hurricanes and Mexico’s earthquake. AT&T expects property damage, costs to restore services and revenue declines from waived charges to amount to a $90 million loss in revenue this quarter. It is also forecasting further reductions in Q4.

CarGurus (CARG) is debuting on the Nasdaq this morning. The car reviewing website priced its initial public offering at 16 dollars a piece last night raising just over $150 million. The website, which helps car buyers find deals on new and used cars, generates revenue by selling advertising and premium subscriptions to dealers.

Amazon (AMZN) is hiring 120,000 employees in the U.S. for the upcoming holiday season. This number falls in line with its hiring levels a year ago. Like last year, Amazon said many will become permanent employees. Investors are also keeping a close eye on Amazon competitor Walmart which says it won’t be hiring any holiday workers at all, instead offering more hours to current employees.

Alphabet’s Waymo (GOOGL) is seeking at least $1 billion in damages and a public apology from Uber. That’s according to a new Reuters report. This comes after Waymo alleged the ride sharing company used its technology and other trade secrets. Waymo is also asking for an independent monitor to make sure Uber never uses Waymo tech again. Uber has rejected all those terms so far.

 

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