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.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: TechnicalsIntraday UpdateMoversTrading Ideas
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!