Twitter Stock Down 10% on Disappointing Revenue Outlook
Brian Mackey, deputy director of research at Adviser Investments, has the market analysis for Friday, October 12. Major U.S. stock indexes rebounded slightly from intra-day losses yet still closed down. The Dow Jones Industrial Average, S&P 500 and NASDAQ declined 0.9%, 1.0% and 1.2%, respectively. Meanwhile, Dunkin’ Brands fell nearly 4% today on weaker-than-expected sales. Despite topping both sales and earnings expectations, Twitter’s stock dropped 10% after the company noted a disappointing revenue outlook and measurement metric shift. Chipotle, on the other hand, gained more than 12% after reporting 10% year-over-year sales growth and a 28% earnings increase as a result of expanded delivery options and launch of the Chipotle app.
Daniel Wiener Chairman Jim Lowell Chief Investment Officer Jeffrey DeMaso Director of Research Kate Austin Equity Research Analyst Charlie Toole Vice President, Portfolio Manager Diana Linn Account Manager October 31, 2019