Nielsen Lower After Q3 Miss, Lowered Guidance

Nielsen N.V. Ordinary Shares NLSN shares are trading lower by $7.89 (14 percent) at $47.05 in Tuesday's session. The issue is being punished for its Q3 EPS miss of $0.02 along with a slight miss for sales. On top of that, the the company reduced FY 2016 guidance and reported that sales growth outlook will be 3.5-4 percent.

The issue, which ended Monday's session at $54.93, was in striking distance of its all-time-high ($55.94) is trading in mid-$40 handle.

So far, the issue's high and low were made in the first 15 minutes of the session. After a lower open, it bottomed at $46.32 and began to rebound. That marks the lowest level for the issue since it bottomed on February 11 at $45.20.

The ensuing rally found resistance well ahead of the bottom of Monday's range ($54.65), only reaching $48.96. Since making the high, it has drifted lower and has been consolidating at the $47 area.