Steady. Road map on a busy day for earnings including apple, coke and boeing. Apple surging in the premarket on the sfwheets more from the dnc. Less discord from inside the convention. President obama, joe biden and Vice President ial nominee tim kaine are on tap to speak today. Another tough quarter for twitter and jack dorsey, the stock plunging after results disappoint. What happens to the company next. But first up, apple shares are surging after the Company Reports a beat on the top and bottom line. Revenue did fall for the second straight quarter. Iphones saw the steepest sales decline year on year but that number was less than what the street was expecting. Analysts expecting an uptick in iphone sales when the new 7 is released later this year. Revenue guide not too bad. Jim, cost control, margin guide, okay. Yeah. I think there are probably people at home saying how could they have a huge decline and the stock run. The answer is in the number of iphones that they sold a lot of
Hoping to ease some concerns apple had hit a wall. Marketing the first time in ten quarters the company has seen Revenue Growth in ipad sells. Talking about the performance with an analyst in just a couple of minutes. Take a look at the futures right now. Not only do we have the earnings report. We had twitter last night. Right now things looking up on the high side. Dow would open higher. S p 500 about 3. 5. Nasdaq up close to 30 points this morning. The apple stuff makes a lot more sense to me, andrew, because when we were talking about when they were still growing. Yes. They were going to grow from a revenue base quarterly of like 42 billion and thats an unbelievable i was thinking thats not guaranteed. Even know it was down of what was it revenue was down i forget how much. Who cares if revenue is down 49 to 42. So its 7 billion less, but its 42 billion. Their quarterly profit is like 10. 68, but my problem when it was priced for perfection is you think its going to grow to the moo
Quarter. Its ad business crushed wall street predictions as its fast growing number of users post like and share content. The Company Earned 97 cents a share. Estimates were for 82 cents. In more than 6. 4 billion in revenue. That tops expectations and it is up more than 59 from a year ago. That sent shares soaring initially in after a hours trading and if the after hours gain holds, it puts facebook on track to become one of the most valuable u. S. Companies, making it about the same size if not bigger, than exxon mobil. The key take away from facebooks earnings, the social network is growing across the board. The key metric showed facebooks gr in terms of revenue and earnings, as well as users. The companys average revenue per user grew to 3. 82. More than a dollar more per user than a year ago. Facebook cfo telling me that while facebook is seeing fwrout in facebook and instagram ads, theres really an across the board increase in demand for ad, particularly on mobile devices. He say
Quarter. Its ad business crushed wall street predictions as its fast growing number of users post like and share content. The Company Earned 97 cents a share. Estimates were for 82 cents. In more than 6. 4 billion in revenue. That tops expectations and it is up more than 59 from a year ago. That sent shares soaring initially in after a hours trading and if the after hours gain holds, it puts facebook on track to become one of the most valuable u. S. Companies, making it about the same size if not bigger, than exxon mobil. The key take away from facebooks earnings, the social network is growing across the board. The key metric showed facebooks gr in terms of revenue and earnings, as well as users. The companys average revenue per user grew to 3. 82. More than a dollar more per user than a year ago. Facebook cfo telling me that while facebook is seeing fwrout in facebook and instagram ads, theres really an across the board increase in demand for ad, particularly on mobile devices. He say
S p reclaims 2100 a lot to look at including coke and yahoo. Europes relatively mixed, oil is lower as the kuwaiti oil strike has now ended. But first up intel announcing plans to cut up to 12,000 jobs, about 11 of the work force, weaker demand for pcs ask that exclusive coming up in just a couple of moments. As we said we brought in jon fortt to lead this interesting quarter and interesting plans now for the future. Its really interesting, carl, because we just saw ibm report a quarter where they talked about weakness in latin america, particularly brazil doing some cuts overseas. Now intel coming in saying the pc market is weak, but also the Data Center Enterprise demand was weak, its cloud demand thats stronger. Makes you wonder overall when it comes to the end user whether that end user is sitting at home or in a business or even at a data center that the business controls, what really is happening to demand for devices that run on intel chips. Of course stacy smith, cfo is going t