U.S. Movers: Green Mountain Soar Coca Cola Stake, Twitter Plunges 21%

Mukesh Buch
06 Feb, 2014
New York City

Twitter Inc plunged 21% after the social networking company reported less than expected monthly active user growth of 30%. Pandora Media dropped 9% after the streaming media estimated weaker than expected outlook. Walt Disney reported higher than expected earnings. GM net was less than forecasted.

Dunkin Brands Group Inc ((DNKN)) soared 6.5% to $50.38 after the operator of Dunkin’ Donnuts and Baskin-Robbins restaurant chains reported adjusted earnings per share of 43 cents, ahead of consensus estimate of 40 cents.

General Motors ((GM)) declined 2% to $34.78 after the largest U.S. automaker reported profits that fell short of expectations on higher costs in Asia except China and the restructuring costs in Europe trimmed earnings.

Green Mountain Coffee Roasters Inc ((GMCR)) soared 27% to $103.20 after Coca Cola Company agreed to take 10% stake in the company. Coca-Cola gained 1.2% to $38.05 after the investment announcement.

Sodastream International Ltd gained 6% to $38 on the speculation that the company may strike a similar deal with other large beverage makers.

Pandora Media Inc ((P)) dropped 9% to $32.60 after the online streaming service provider reported fourth quarter earnings per share of 11 cents and $200 million in revenues. The company also forecasted less than expected first-quarter earnings.

Twitter Inc ((TWTR)) plunged 21% to $52.38 after the social networking site reported fourth quarter earnings per share of 2 cents on $243 million in revenues. The earning were ahead of expectations but new monthly active users jumped less than expected 30% to 241 million.

The Walt Disney Company ((DIS)) increased 5% to $75.26 after the resort and entertainment company reported better than expected earnings on the success of its animation unit.

December quarter earnings increased 33% to $1.8 billion.