Thursday’s Trading Calls For A ‘Dislike’ Button

By on Nov, 3 2016 with Comments 0

Blame it on Facebook.

The company released its Q3 revenue results yesterday and noted that it cannot keep up with its revenue growth. With a disappointing outlook, FB shares dipped 5.7%, to $119.95.

Also on the tech front, Apple fell 1.6%, to $109.83.

On a positive note, Twenty-First Century Fox soared 7.4%, to $27.75, as the company beat the street with its fiscal Q1 2017 results.

The Walt Disney Co. also had a good day on Wall Street, growing 1.6%, to $93.37.

 

The RBR Radio Index rose 3.105, or 0.58%, to 542.697.

The TVBR Television Index rose 9.798, or 1.16%, to 851.374.

 

Gainers

Cumulus, up 7.6%

Fox, up 7.4%

iHeart, up 4.0%

 

Decliners

Radio One, down 6.1%

Saga, down 1.8%

Emmis, down 1.5%

 

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About The Author: Adam R Jacobson is a veteran radio industry journalist and advertising industry analyst with general, multicultural and Hispanic market expertise. From 1996 to 2006 he served as an editor at Radio & Records.

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