StockTwits cries out over earnings misses

Source: CNN



NEW YORK (CNNMoney) -- This earnings season, the market has been unforgiving to any company that fell short of expectations.

Akamai Technologies (AKAM) missed earnings estimates by a cent and its stock crashed almost 17% to a new low for the year. The Internet data delivery company blamed the results to pricing pressure from growing competition.

Shares of Exxon Mobil (XOM, Fortune 500) slid 1.5% after its latest earnings fell 2 cents short of the consensus estimate. The oil producer still has the biggest market cap in the world.

Sprint (S, Fortune 500) plunged 18% after reporting larger than expected loss for the second quarter. The mobile operator announced a deal for "spectrum sharing" with privately owned LightSquared.

These are some of the popular themes on StockTwits Thursday:

sspencer_smb: If u were the hedge fund left holding the bag w/ $AKAM when all your fake takeover rumors failed. sorry :)
Sprint throws 4G Hail Mary. Stock plunges.

Ziggystz:$AKAM is now trading at 18x trailing 1year earnings ex net cash. Lowest multiple i can see in the last 3 years.

karleggerss: Today's a good example of why to use an #ETF in a lot of cases. $XOM misses and is down but $XLE is up. #Diversification

Read more: http://money.cnn.com/2011/07/28/markets/tweets_stocktwits/