Earnings Report
Published: Thursday, 26 Jul 2012
By: JeeYeon Park
Facebook [FB 26.845 -2.495 (-8.5%) The social-media giant posted earnings of 12 cents a share, excluding one-time items, in line with expectations. The company reported revenue of $1.18 billion, topping estimates for $1.15 billion. But shares reversed their initial gains to turn sharply lower in extended-hours trading, hitting an all-time low, amid ongoing worries over future growth. Facebook shares are down nearly 30 percent from its IPO price of $38 a share.
Facebook's results com a day after social game services company Zynga [ZNGA 3.175 -1.903 (-37.48%) ] posted quarterly results that missed estimates and handed in 2012 guidance that disappointed investors.
Amazon.com [AMZN 220.01 2.96 (+1.36%) ] - The online retailer posted earnings of 1 cent a share and sales of $12.83 billion, missing expectations for 2 cents a share on revenue of $12.88 billion. In addition, the company handed in a weaker-than-expected current-quarter revenue guidance. Shares tumbled in extended-hours trading.
Starbucks [SBUX 52.405 1.995 (+3.96%) ] - The coffeehouse giant posted earnings of 43 cents a share, missing expectations for 45 cents a share. But revenue was in line at $3.33 billion. In addition, the company handed in disappointing guidance for current-quarter and full-year 2013 earnings. Shares dropped sharply in extended-hours trading.
Amgen [AMGN 79.295 1.335 (+1.71%) ] - The biopharmaceutical company posted earnings of $1.83 on revenue of $4.48 billion, easily beating expectations for $1.54 a share on revenue of $4.08 billion. In addition, the company boosted its full-year outlook, sending shares higher in extended-hours trading.
Expedia [EXPE 45.71 1.46 (+3.3%) ] - The travel website posted earnings of 89 cents a share, ex-items, on revenue of $1.14 billion, beating estimates for 71 cents a share on revenue of $990 million. In addition, the company boosted its dividend to 13 cents a share. Shares surged in extended-hours trading.
Coinstar [CSTR 59.22 -0.05 (-0.08%) ] - The owner of the Redbox movie-rental kiosks posted earnings of $1.11 a share on revenue of $532 million, missing estimates for $1.16 a share on sales of $545 million. Shares plunged in extended-hours trading.
Gilead Sciences [GILD 51.68 0.49 (+0.96%) ] - The biotechnology company posted earnings of 99 cents a share, excluding one-time items, on revenue of $2.41 billion, topping estimates for 95 cents a share on revenue of $2.29 billion. Shares rallied in extended-hours trading.
Valero Energy [VLO 25.51 0.58 (+2.33%) ] - The energy company increased its quarterly dividend by 16.7 percent to $0.175 from $0.15...
