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U.S. Day Ahead: Facebook stock drops after earnings

Thursday, July 26, 2012 - 03:30

July 26 - Facebook shares turn negative after the company reports second-quarter 2012 results.

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It came it -- it survive. Sort of the market have more doubts about the social networking company after FaceBook reported its first quarterly results. Revenues slightly beat estimates with monthly active users reaching 955. Million. Stocks down a volatile extended trading and investors watching for new all time low so what more can be due to beef up its business. There is an opportunity for FaceBook to become more involved and payments and e-commerce in general. Especially in the global war arena so we think that's something they can do. And I also think that they can do and ward a kind of happened to. All of the data and information they have about folks to better mob ties. Com users and usage. In mobile as well. Starbucks earnings out today not as strong as its coffee stocks down almost 6% in extended trading. -- revenue up 29% from a year earlier but they fell short of estimates on earnings. On your earnings for tomorrow. Investors will get a peek into the world of private equity with KKR center report before the -- Analysts are predicting a positive surprise of 29%. Fourth quarter to just think that I don't giant. Busy at work. Also out for the -- ever on the last of the big oil -- unveil its earnings. Breakthrough has averaged about 109 dollars a barrel this quarter. That's down eight dollars from the same period last year so -- start -- analysts are not looking for a big surprise. And that's not all four earnings tomorrow mark Newell Rubbermaid DR Horton and Legg Mason also post results throughout the day and -- -- may be screaming eighteen tee I asked. When they get done with tomorrow's economic data are Reuters -- predicted this quarter may have been this low year for the US economy. With auto sales and manufacturing pulling back on growth. You -- Michigan's final reading for July on consumer sentiment will be released in the morning. It's just Americans are still not feeling too optimistic when it comes to their finances. And their jobs. And as the -- snakes its way through the streets of land and we are just a day away from the start of the 2012 Summer Olympics here by the numbers. Eleven million tickets will be available for the Olympics and paralympics. To watch around 151000. Athletes between the two games. Who will be given 165000. Towel -- -- one point two million meals. And give over 6000 doping samples. Around 200000 workers and volunteers will be needed to run the games. With 7500. Members of the military help with security and an estimated 80000 people can fit in the Olympic Stadium. Now -- know spore -- and that is complete without it. About 260000. Loaves of bread are expected to be eaten fourteen million meals will be served along with 75000. Liters of milk. Here is estimated to be sold at eleven dollars per -- leading to the necessity for 101000 temporary. And they went insider and -- -- out the week for more expert analysis and reaction. You can catch insider on Twitter at Reuters Insider. And check out our borders YouTube channel at borders dot com slash -- TV on Friday mom this has --

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U.S. Day Ahead: Facebook stock drops after earnings

Thursday, July 26, 2012 - 03:30