Criteo (CRTO) stock cratered after the digital ad service provider reported earnings early Tuesday that fell short of consensus views, following reports that Apple (AAPL) plans to allow ad blocking on iPhones for the first time. Criteo stock was down nearly 12% in afternoon trading in the stock market today, at a three-month low near 45.50. The company early Tuesday beat on Q2 revenue and gave a higher-than-consensus sales outlook for Q3, but the
Apple (AAPL) stock fell to its lowest level in six months Monday over concerns about slowing iPhone sales, especially in China. The Cupertino, Calif.-based company also is dealing with growing complaints about its new Apple Music service, which some critics have described as a “mess.” Apple shares fell below their 200-day moving average for the first time since September 2013. The 200-day moving average is an important level of price support watched by investors. Apple was down over 2% to below 119 in afternoon trading on the
Criteo (CRTO), the fast-growing digital ad services provider, could “modestly beat” analyst expectations when it reports Q2 earnings early Tuesday as the Paris-based company continues its global growth, says a new analyst report. Still, new ad-blocking features expected as part of the Apple (AAPL) iOS 9 release in September have already “pressured the stock” and could be a sore point in Q2, wrote Cowen and Co. analyst Thomas Champion in an