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The company's New York Group, which includes its cable operation and is the company's most widely traded stock, posted a loss of $103.4 million, or 59 cents a share, compared with a loss of $121.7 million, or 69 cents a share, in the quarter a year earlier.
The stock posted a weekly gain of 2.2%.
The firm said, "Considering the late stage of the PVC cycle, the big up-move the stock posted last year is unlikely to be replicated.
Slowed user growth meant that Twitter stock posted a record low of $17.02 on Monday, following the departures of several top executives.
Maybe that is why the stock posted only a minuscule gain of 7.7% in 1997, a year which saw the S&P 500 shoot up by more than 31%.
Over the past five and ten years, the stock posted annualized returns of 18.4% and 14.3%, respectively, in line with the S&Ps 17% and 14.5% returns for the same periods.
Similar(48)
Computer stocks posted sharp losses.
Many blue-chip stocks posted spectacular gains.
Despite the broad market decline, some stocks posted gains.
For the week, stocks posted their biggest declines since mid-June.
In contrast, Asian stocks posted modest gains on what started out as a quiet day.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com