Symantec, Netflix, Apple: Premarket Movers

NEW YORK ( TheStreet) -- Symantec ( SYMC) was one of tech's big laggards before market open on Tuesday after the software maker released weaker-than-expected fourth-quarter results.

Shares of Symantec slid $1.47, or 8.14%, to $16.60 after the firm reported preliminary fourth-quarter revenue of $1.68 billion, down from its prior guidance of $1.72 billion to $1.73 billion. Analysts surveyed by Thomson Reuters were looking for sales of $1.73 billion.

Symantec's earnings of 38 cents a share also ducked below the prior forecast of 41 cents to 42 cents a share. Analysts were looking for earnings of 42 cents.

Netflix ( NFLX) was another loser, dropping 14.72% to $86.85 as investors responded to the video company's first-quarter results, released after market close on Monday. The company's stock plunged after it said it expects weaker streaming additions in the current quarter.

Apple ( AAPL), which reports its second-quarter results after market close, was down 2.34% to $558.30. The iPhone maker was also one of the most active Nasdaq stocks in premarket trading on share volume of 730,719.

Shares of AT&T ( T), however, gained 1.37% to reach $31 as investors responded to the telecom giant's solid first-quarter results, released before market open.

--Written by James Rogers in New York.

>To follow the writer on Twitter, go to http://twitter.com/jamesjrogers.

>To submit a news tip, send an email to: tips@thestreet.com.

Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices.

If you liked this article you might like

Novice Trade: Symantec

Equifax's Massive Data Breach Focuses Attention on Symantec's LifeLock

Massive Equifax Hack Lifts Cybersecurity Stocks

Symantec CEO Clark Not Ruling Out Another Deal

Symantec to Sell Web Certificates Business, Wriggle Out of Alphabet Negotiations