Facebook, Nielsen plunge; Supervalu, Qualcomm rise

By The Associated Press | Posted - Jul. 26, 2018 at 2:33 p.m.



This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday:

Facebook Inc., down $41.24 to $176.26

The social media company reported slower user growth as it grapples with privacy scandals and warned of slowing revenue growth ahead.

Nielsen Holdings PLC, down $7.46 to $22.11

The media and marketing information company reported earnings that fell short of analysts' estimates and said its CEO would leave by the end of the year.

Supervalu Inc., up $12.72 to $32.17

The grocery store operator agreed to be acquired by United Natural Foods for $1.3 billion.

Qualcomm Inc., up $4.16 to $63.58

The chipmaker reported earnings that beat analysts' expectations and said it would abandon a bid to acquire NXP.

Mattel Inc., down 68 cents to $15.61

The maker of Barbie and Hot Wheels reported a loss that was larger than analysts were expecting and said it would eliminate more than 2,200 jobs.

Ford Motor Co., down 63 cents to $9.89

The company reported a sharp drop in profits and said it would undertake a restructuring that will cost $11 billion over the next three to five years.

Arconic Inc., up $2.12 to $21.38

The Wall Street Journal reported that the company is considering takeover approaches from at least two private-equity groups.

D.R. Horton Inc., up $4.30 to $43.84

The homebuilder reported earnings and revenue that easily beat forecasts and announced a $400 million share repurchase program.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast