Twitter is currently down almost 14% in premarket trade after reporting their quarterly earnings yesterday. The company reported earnings of just $0.01/share. Figures were mostly in line with expectations but nevertheless investors were disappointed. Following this, three investment firms downgraded their ratings for the online social networker. Nomura Holdings, a Japanese Financial company, downgraded their rating to ‘neutral’ from ‘buy’ as well as reducing their price target to $45 from $55, RBC Capital Markets downgraded their rating to ‘outperform’ and cut the price target to $47 from $65 and Stifel Nicolaus downgraded the company from ‘hold’ to ‘sell’. Much of Twitters income is generated from advertising but many now question if this is sustainable and question future growth for the company.
Pfizer, a multinational pharmaceutical corporation, released earnings today before the market opened. Figures were better than expected with earnings of $0.57/ share and revenue of $12.36 billion. Shares are currently 1.27% higher in premarket trade.
Facebook will release earnings today after the bell. The stock price has gained 30% during the last 6 months and in the last release they reported earnings of $0.19/share. Investors are questioning whether the company will continue to grow at rates seen up to now.
October 28, 2014 – Stock Market News
Twitter is currently down almost 14% in premarket trade after reporting their quarterly earnings yesterday. The company reported earnings of just $0.01/share. Figures were mostly in line with expectations but nevertheless investors were disappointed. Following this, three investment firms downgraded their ratings for the online social networker. Nomura Holdings, a Japanese Financial company, downgraded their rating to ‘neutral’ from ‘buy’ as well as reducing their price target to $45 from $55, RBC Capital Markets downgraded their rating to ‘outperform’ and cut the price target to $47 from $65 and Stifel Nicolaus downgraded the company from ‘hold’ to ‘sell’. Much of Twitters income is generated from advertising but many now question if this is sustainable and question future growth for the company.
Pfizer, a multinational pharmaceutical corporation, released earnings today before the market opened. Figures were better than expected with earnings of $0.57/ share and revenue of $12.36 billion. Shares are currently 1.27% higher in premarket trade.
Facebook will release earnings today after the bell. The stock price has gained 30% during the last 6 months and in the last release they reported earnings of $0.19/share. Investors are questioning whether the company will continue to grow at rates seen up to now.
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