Why Ultra Petroleum, Intrexon, and News Corp. Slumped Today [The Motley Fool]
ULTRA PETROLEUM CORP COMMON (UPL)
Last ultra petroleum corp common earnings: 5/9 06:00 am
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ultrapetroleum.com
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Source: The Motley Fool
Why Ultra Petroleum, Intrexon, and News Corp. Slumped Today Find out which of these companies reported weak earnings. Friday was a relatively quiet day on Wall Street, with major market benchmarks finishing narrowly mixed for the session. Weekly gains were still substantial for the indexes, however, as investors grew confident that the economy is walking the fine line between avoiding a recession and growing so fast that it spurs the Federal Reserve to tighten monetary policy aggressively. Yet even though most stocks held up well, some individual companies had bad news that sent their shares lower. Ultra Petroleum ( NASDAQ:UPL ) , Intrexon ( NYSE:XON ) , and News Corp. ( NASDAQ:NWSA ) were among the worst performers on the day. Here's why they did so poorly. Shares of Ultra Petroleum fell 13% as the natural gas-focused exploration and production company continued to lose ground following Thursday morning's release of its first-quarter financial report. In that report, Ultra said th
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