Nielsen Holdings (NLSN), which is a global information, data, and measurement company, was among the S&P 500’s top losers on Thursday. After gaining for two consecutive trading weeks, Nielsen Holdings started this week on a weaker note amid the equity sell-off. Despite rebounding for two days, Nielsen Holdings opened lower on Thursday and declined to the lowest levels traded since August 2013.
The selling pressure increased on Thursday amid the release of the 2017 earnings report. According to management, the sales in 4Q17 increased 6% YoY (year-over-year) to $1.76 billion. However, the GAAP quarterly profit declined 49% YoY to $0.23 per share. The fiscal profits declined 14% to $1.2 per share. Despite meeting the revenue target, the profit miss reported by management dented the sentiment and weighed on Nielsen Holdings. Management expects fiscal 2018 sales to grow 3% with a sales target of $6.8 billion.
On February 8, Nielsen Holdings declined 9.7% to $33.9. Nielsen Holdings is part of the S&P 500 industrials sector, which declined 4% on Thursday.
Michael Kors Holdings
Michael Kors Holdings (KORS), which is a global fashion luxury group, was among the S&P 500’s top losers on Thursday. Michael Kors Holdings pulled back last week and broke a four-week gaining streak. Carrying forward the weakness, Michael Kors Holdings started this week on a weaker note. On February 8, Michael Kors Holdings opened the day lower and declined to eight-week low price levels.
Despite the release of a stronger-than-expected earnings report on Wednesday with 7% YoY growth, the stock is trading with weakness. The stock is weaker due to speculations about lower earnings in the coming quarter due to the $1.2 billion acquisition of Jimmy Choo. Michael Kors Holdings declined 9.2% to $60.03 on Thursday. Michael Kors Holdings is part of the S&P 500 Consumer Discretionary sector, which declined 4.0% on February 8.