Thursday’s Trading Calls For A ‘Dislike’ Button
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.
Cumulus, up 7.6%
Fox, up 7.4%
iHeart, up 4.0%
Radio One, down 6.1%
Saga, down 1.8%
Emmis, down 1.5%