Poor quarterly number from Zynga Inc(NASDAQ:ZNGA) is also
creating fresh tensions for Facebook Inc(NASDAQ:FB), as the company’s 15% of
total revenue generated from Zynga’s revenue as a commission on gaming service
it provides. As of yesterday, investors and analysts were talking about the ad
revenue to be closely watched, now they also need to watch the company’s other
revenue, if that comes lower it would really be a tough for FB to hold at
current market price and the stock may hit record low. The company is scheduled
to report earnings today after hours. Analysts are expecting 12 cents a share
on revenue of $1.15 billion. Shares of the company have lost 30% from its $38
IPO price in just two months. So needs to be bit cautious ahead of earnings.
Get Instant Updates
on FB's Earnings After Market Close Today, Click here
Moreover, Competition in the smartphone market is set to get
hotter with the entry of No.1 social network, Facebook Inc(NASDAQ:FB) , in the
segment. The Mark Zuckerberg-led company is said to be working with HTC Corp on
its first smartphone and is looking at mid-2013 for its debut
in the segment, Bloomberg said quoting people with knowledge of the matter.
Groupon Inc (NASDAQ:GRPN) decreased 6.91% to $6.74.The
Company launched Groupon Works that is oriented toward providing local
merchants with information on how the deals platform can benefit their
businesses. This site has 525 case studies and 72 video testimonials from a
broad range of American businesses.
Alcatel Lucent SA (ADR) (NYSE:ALU) slipped 3.77% to $1.02 on
a traded volume of 29.66 million shares. The Company will cut 5,000 jobs after
slumping to a loss. The Company will save an extra 750 million euros with the
job cuts, equal to about 6% of staff. The Company, posted an annual profit in
2011 for the first time in five years, fell to a loss of 254 million euros in
the latest quarter.
Get Complete Analysis
on ALU, Get
Free Trend Analysis
Student Transportation Inc (NASDAQ:STB) plunged 6.10% to
$6.54 on a traded volume of 975k shares. Recently, the Company announced that
it is reviewing new proposals again this year, adding to the fleet leasing
program for the Company's fiscal 2013 year which begins July 1, 2012. Student
Transportation leases approximately 13% of the 9,000 vehicles in the fleet and
the current low interest rate environment continues to make lease financing an
attractive alternative for the Company.
Las Vegas Sands Corp (NYSE:LVS) slipped 4.93% to $35.67 on a
traded volume of 27.29 million shares after the Company announced second
quarter results. Net revenue increased 10.1% to $2.58 billion. Consolidated
adjusted property EBITDA decrease 6.3% to $844.7 million. Operating income
decreased 34.6% to $397.7 million. Adjusted net income was $365.3 million or
$0.44 per diluted share compared to $438.6 million or $0.54 per diluted share
in the second quarter of 2011.
Should Investors Buy LVS
After Recent Fall? Get Trend
Analysis
No comments:
Post a Comment