These Five Stocks Are Deep in Red on Earnings and Other Developments

Another notable decline was registered today by Mondelez International Inc (NASDAQ:MDLZ), whose shares are down by around 6.5% also on the back of its financial results. The global snack company posted EPS of $0.46 on revenue of $7.36 billion for the fourth quarter. Although the company’s revenue beat analyst estimates by $130 million, EPS missed expectations by $0.02. Moreover, diluted net loss amounted to $0.46 per share, including a negative $0.48 per share loss due to a different accounting method in Venezuela’s subsidiaries.

Among the funds we follow, 69 reported long positions in Mondelez International Inc (NASDAQ:MDLZ) as of the end of September, up by 20 funds from a quarter earlier. Nelson Peltz’s Trian Partners was the largest shareholder of Mondelez in our system, with 48.03 million shares valued at $2.01 billion at the end of September.

Although the analysts at Piper Jaffray are more bullish on Netflix, Inc. (NASDAQ:NFLX), as they upgraded the company to ‘Overweight’ from ‘Neutral’ and raised their price target to $122 per share from $94.09 on Tuesday, shares are down by 2.5% in today’s morning trading amid a Bloomberg report that Hulu, LLC wants to buy films at the Sundance Film Festival, in a move to compete with Netflix and Amazon.com, Inc. (NASDAQ:AMZN). While these two companies have bought more than a dozen films, the private company hasn’t officially announced it yet.

Hedge funds have been optimistic on Netflix, Inc. (NASDAQ:NFLX), with 57 funds long the stock at the end of the third quarter, up from 50 funds a quarter earlier. Billionaire Chase Coleman‘s Tiger Global Management reported holding a $1.86 billion position in the stock as of the end of September, comprising 22.9% of its portfolio.

Last but not least, Match Group Inc (NASDAQ:MTCH) is almost 15% in the red in Wednesday trading after the dating services provider reported fourth-quarter EPS of $0.24 on revenue of $267.6 million, beating profit estimates by $0.04 per share, but missing revenue expectations by $9.72 million. Shares of Match Group are down by 30% since its IPO in November 2015.

Disclosure: None