Shares of Twitter and Zynga are getting slammed during early Thursday trading as Wall Street prepares for another round of tech earnings after the bell.
Twitter. Shares of the social network hit a new low Thursday, down nearly 4%, as Wall Street hammers the company for flat growth among its monthly active user base. During the fourth quarter, Twitter generated $710 million in revenue, in line with forecasts.
Zynga. A fourth quarter loss of $46.9 million sent shares of the social games company down more than 15%. The company’s average monthly users plunged 30% to 68 million for the quarter.
Pandora. The online streaming music giant reports fourth quarter earnings after the markets close Thursday. Analysts polled by S&P Global Market Intelligence project earnings of $326.86 million with earnings of 7 cents a share.
Activision-Blizzard. Did the video game publisher enjoy a bountiful holiday season? Activision reports fourth quarter earnings after the bell. The publisher is expected to report earnings of 86 cents per share on revenue of $2.195 billion.
Cisco. Shares of the networking giant surged after beating Wall Street estimates on earnings and bumping up its stock repurchase program by $15 billion. Cisco had already authorized up to $97 billion in buybacks.