U.S. Morning Call: Facebook on the frontline; iPhone high
Wednesday, July 24, 2013 - 03:49
July 24 - Facebook reports it's full-year results after the bell and Apple shares soar in the premarket after reporting strong iPhone sales.
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Let's kick off your Wednesday morning call with results from bowing out just minutes ago no one is -- after another. But don't looks like it's holding its ground it reports strong second quarter result and raise -- -- thirteen earnings per share guidance. It also seized a full year revenue for 2013. Coming in between 83 million to 86. Billion dollars shares of Boeing closed near 107 dollars on Tuesday and they're up two and a half percent. In the premarket. F 150 pickup trucks the secret to Ford's success this corner. Detroit's second largest automaker reported better than expected profit in the second quarter. You're an authority and Ford's side for a while but now it expects losses in the region totaled one point eight million dollars. On par 2012 levels lower than two billion dollar loss previously predicted. Shares of -- up just over 2% in the premarket. And up 22% since January. We'll be talking to -- CFO later today you can catch that interview here on insider. And Facebook's latest report card due out after the bell. This will be the first full year as a public company for FaceBook all eyes of course on mobile growth. Which analysts estimate it will account for 33% of Facebook's total ad revenue for the quarter. That's pretty important since the ad industry is shifting and -- of course it's expected to account. For nearly half of all digital ad spending by 22 team. That 38 dollar IPO price does still remains elusive -- 26 dollars that's where -- act in the premarket. Stocks to watch time apple shares up something we haven't heard while 4% premarket. Don't get used to it. Okay isn't Tim Cook finally -- investors by announcing eight after buyback program and getting an eye on sales that topped estimates. By soaring 1% in the quarter. But make no mistake. Well on Cupertino just yet. Profit fell 22%. As gross margins slid below 37%. And it looks like apple -- starting to have a China problem. Revenue from apple products -- fell 43%. From the previous quarter. Apple's average selling price during the quarter was 581. Dollars which is about 4% lower than the previous year. All that has analysts predicting this morning's premarket rally quickly lose steam. Delta shareholders vote on CEO Michael Dell's 24 point four billion dollar buyout shops are again. -- today. The -- was postponed last week and many in the market expected it would buy time from Michael Dell. To win over the shareholders who are backing an offer made by Carl Icahn. And Google+ a press event in San Francisco today what choice does have in store. Analysts say perhaps a new version of Google's nexus tablet or even an urgent. Of the nexus -- media streaming device remember that which Larry Page on the shelf after it was savaged by the tech press in 22 well. Wrapping up with a look at US stock futures and they are off to a higher start today following on earnings. The thirty year mortgage rate easing up just a little at four point 58%. For the first time since day. Comments from Ben Bernanke last week act as a bomb that's when he's at the timeline for winding down the central bank's bond buying program was not sentenced down. After Wednesday morning call remembered -- follow us on Twitter at Reuters Insider and get more great ideas at Reuters dot com slash it. -- -- --
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