By PR Newswire, October 31, 2013, 09:45:00 AM EDT
NEW YORK, October 31, 2013 /PRNewswire/ --
Market Buzz Report, an investment community, reports Critical Insider Catalysts For Facebook Inc (NASDAQ:FB), Ford Motor Company (NYSE:F) , Sprint Corporation (NYSE:S), General Motors Company (NYSE:GM), Bank of America Corp (NYSE:BAC).
Facebook Inc (NASDAQ:FB) reported Q3 (Sep) earnings of $0.25 per share, $0.06 better than the Capital IQ Consensus Estimate of $0.19; revenues rose 59.7% year/year to $2.02 billion, compared to the $1.91 billion consensus. Q3 Revenue from advertising was $1.80 billion, a 66% increase y/y; Q2 Revenue from advertising was $1.60 billion, representing 88% of total revenue and a 61% increase y/y. Q3 Mobile advertising revenue represented approximately 49% of advertising revenue; Street expectations were for mobile advertising revenue of 44.4%. Q2 Mobile advertising revenue represented approximately 41% of advertising revenue.
Free Urgent Insider Catalyst Report For FB Available Here: http://marketbuzzreport.com/index.php?code=FB (Or Copy and paste the URL into your browser)
The company said in the conference call that International has been a strong driver of growth, strong performance shows ad strategy is working, monthly usage numbers remain steady, fewer daily usage among younger users.
Ford Motor Company (NYSE: F ) announced on Tuesday that the company had decided to suspend the production of at its Romania factory for 13 days in November stating lackluster demand in Europe, marking a third consecutive month of furloughs at the same facility. Ford took over Automobile Craiova in 2008 and initiated production of its B-Max model there in 2012, now rolling out some 370 cars per day along with 1,000 engines for several models. Ford Romania spokeswoman Ana-Maria Timis said to Reuters, "We will stop car production for 13 days and engine production for eight days in November."
Free Urgent Insider Catalyst Report For F Available Here: http://marketbuzzreport.com/index.php?code=F (Or Copy and paste the URL into your browser)
Sprint Corporation(NYSE:S) shares increased 3.74% to $6.93. The company on Oct.30 said that it earned a profit in the third quarter thanks to a one-time gain from its previous investment in Clearwire Corp., even as revenue inched lower. The company earned $383 million in the latest quarter. A year earlier, it booked a net loss of $767 million. Excluding items such as a gain of $1.4 billion related to Sprint's previous investment in Clearwire, Sprint would have posted a loss of $398 million, compared with an adjusted loss of $231 million for the 2012 third quarter. Revenue slid 1 percent to $8.68 billion from $8.76 billion last year. Analysts, on average, were expecting a net loss of $849.3 million, on revenue of $8.8 billion, according to FactSet.
Free Urgent Insider Catalyst Report For S Available Here: http://marketbuzzreport.com/index.php?code=S (Or Copy and paste the URL into your browser)
General Motors Company (NYSE:GM) shares increased 3.24% to $37.23 in the last trading session. The company on Oct. 30 reported pretax profit of $2.64 billion for the third quarter, up almost 15 percent over a year ago. Earnings grew in North America, South America and China and losses narrowed in Europe.
The company eliminated its common stock dividend in July 2008, as the company's finances deteriorated. It filed for bankruptcy protection in 2009. Net income totaled $698 million, or 45 cents per share. That compares with $1.48 billion, or 89 cents per share, a year ago. Without one-time items and after paying taxes, GM earned $1.7 billion, or 96 cents per share. Analysts polled by FactSet expected 94 cents per share. GM has now been profitable for 15 straight quarters. Revenue rose 4% to $39 billion, just short of Wall Street's estimate of $39.2 billion.
Free Urgent Insider Catalyst Report For GM Available Here: http://marketbuzzreport.com/index.php?code=GM (Or Copy and paste the URL into your browser)
Bank of America Corp (NYSE:BAC) shares gained 0.14% to $14.17. The company on Oct. 30 said it had nearly doubled to more than $5bn estimates of possible maximum litigation costs, as it faces potential penalties over allegations of mis-selling mortgage securities. BofA also said a US attorney's office had told the bank it planned to recommend that the Department of Justice file a civil action over mortgage securitization.
Free Urgent Insider Catalyst Report For BAC Available Here:http://marketbuzzreport.com/index.php?code=BAC (Or Copy and paste the URL into your browser)
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