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.
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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.
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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.
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