U.S. stocks declined despite positive data as weak Amazon earnings and concerns over continued unrest in Ukraine and Gaza weighed on markets.» Read More
Bob Peck of SunTrust Robinson Humphrey, share three highlights from Facebook's earnings call.
SAN FRANCISCO— Twitter acknowledged that it has been hiring too many white and Asian men to fill high-paying technology jobs, just like several other major companies in Silicon Valley.
Rounding up the comments out of Facebook's earnings conference call, with CNBC's Julia Boorstin, and Bob Peck of SunTrust Robinson Humphrey. CEO Mark Zuckerberg says there "still so much room to grow."
Check out which companies are making headlines after the bell Wednesday: Facebook, AT&T, Gilead & more.
What to expect from Facebook's earnings conference call, with Bob Peck of SunTrust Robinson Humphrey.
The "Fast Money" traders debate the health of Facebook's quarterly earnings.
SAN FRANCISCO, July 23- Facebook Inc's fast-growing mobile advertising business helped drive a 61 percent increase in revenue during the second quarter, beating Wall Street's financial targets and sending shares to a record-high in after-hours trading on Wednesday.
Facebook reported earnings and revenue that beat estimates in the second quarter, thanks to its robust mobile ad business.
*Apple rallies after results, boosting tech names. NEW YORK, July 23- U.S. stocks ended mostly higher on Wednesday, with the S&P 500 closing at a record on Apple's bullish results, though Boeing weighed on the Dow and conflicts in Ukraine and the Gaza Strip kept the broader market's gains in check.
Facebook Inc. said Wednesday that it earned $788 million, or 30 cents per share, in the April-June period. Adjusted earnings were 42 cents per share, handily beating Wall Street's expectations of 33 cents, according to a poll by Zacks Investment Research. This was the fifth quarter in a row that Facebook beat Wall Street's forecasts.
SAN FRANCISCO, July 23- Facebook Inc increased its revenue 61 percent in the second quarter, beating Wall Street's target as the Internet company benefited from strong demand for its mobile advertising business. Overall revenue totaled $2.91 billion in the three months ended June 30, versus $1.81 billion in the year-ago period.
Stocks mostly rose on Wednesday as investors weighed earnings and tracked global events.
Say hello to eight remarkable social media factoids.
SAN FRANCISCO, July 23- Facebook Inc grew its revenue 61 percent in the second quarter, as the Internet company benefited from strong demand for its mobile advertising business.
Facebook reported Q2 EPS of $0.42 ex-items on revenue of $2.91 billion. Martin Pyykkonen, Rosenblatt Securities; Colleen Taylor, TechCrunch reporter; Nicholas Carlson, Business Insider deputy editor; and Todd Schoenberger, J. Streicher Asset Management, discuss hesitance in the stock.
Facebook is reporting Q2 EPS of $0.42 ex-items on revenue of $2.91 billion, with CNBC's Julia Boorstin.
Discussing whether Facebook's "buy" button will work for the social site, and what to expect from its earnings this afternoon, with Ben Schachter, Macquarie Research senior Internet analyst.
CNBC's Julia Boorstin reports Facebook will add a "buy" button in company advertisements and posts in the newsfeed.
Facebook and Twitter face different growth scenarios, but both are now focusing their gaze on the same market: Retail.
SAN FRANCISCO— Facebook and most other social networks are built on the premise that just about everything should be shared— except the money those posts produce. At least two services are trying to change that.