Market recap: Twitter shares drop on declining user numbers

February 9, 2019 at 4:54AM
FILE- In this Nov. 7, 2013, file photo, a Twitter sign is draped on the facade of the New York Stock Exchange before its IPO in New York. Twitter reports financial results Thursday, Feb. 7, 2019. (AP Photo/Mark Lennihan, File)
Twitter’s stock sank after it reported its monthly user base dropped from 330 million to 321 million. (The Minnesota Star Tribune)

Social tedium: Twitter sank 9.9 percent to $30.82 Thursday after it said its monthly user base fell to 321 million during its latest quarter from 330 million a year earlier. It also said it expects to make $715 million to $775 million in revenue during the current quarter. Analysts are expecting $765 million, according to FactSet. The shares closed Friday at $30.01.

Earnings miss: Anadarko Petroleum Corp. shares fell 3.6 percent to $45.45 Wednesday after the oil and gas producer's fourth-quarter profit missed analysts' estimates by a wide margin, as it spent more on its projects in West Texas and northeast Colorado. Shares closed the week at $41.84.

Solid quarter: Clorox Co. climbed 5.8 percent to $158.62 Monday after reporting a consensus-beating second-quarter profit. The shares closed Friday at $155.66.

Rising dough: Papa John's Intl. rose 9 percent to $41.97 Monday on news of a $200 million investment from Starboard Value. Starboard CEO Steve Ritchie is also being named chairman at the troubled pizza chain. The shares ended the week at $42.98.

Looking good: Upscale clothing company Ralph Lauren rose 11.4 percent to $127.53 Tuesday on growth in Asia and Europe. The company's most recent fiscal results beat Wall Street's forecasts. It also raised its forecast despite some fears about an economic slowdown hitting Europe and Asia. The stock closed the week at $125.03.

Nice look: Capri Holdings, the parent company of Michael Kors, jumped 11.3 percent to $49.11 Wednesday on strong earnings. Shares closed the week at $46.03.

about the writer

about the writer

News services

More from Business

See More
card image
Aaron Lavinsky/The Minnesota Star Tribune

As the end of the year nears, look back at the volatile times and the financial choices you made during them.

card image