The world's most popular social network is finding out how antisocial investors can be.
*Facebook (FB) saw its share price drop by nearly 10 per cent (US$26.84) in after hours trading on Thursday after the world's most popular social network failed to impress Wall Street with the revenue growth investors were hoping for. Though Facebook slightly beat analyst expectations reporting non-GAAP earnings of $295 million, or 12 cents a share, on revenue of $1.18 billion, investors aren't hitting the "like" button.
*Chevron (CVX) will report its second-quarter earnings on Friday. Analysts are expecting earnings of approximately $3.24 per share on revenue of $68.56 billion. Investors are gassed up and are hoping to see this stock drive above $110 per share.
*Starbucks (SBUX) disappointed Wall Street on Thursday by missing expectations on its fiscal third quarter and after issuing weak guidance. The coffee company reported a profit of $333.1 million, or 43 cents a share, on revenue of $3.33 billion. Analysts were expecting 45 cents a share. Later today, investors will give or take their two cents.
*Amazon's (AMZN) second quarter results, reported on Thursday, were decidedly mixed. The Seattle-based online retailer reported a profit of $7 million, or one cent per share, on revenue of $12.83 billion. These latest results included a net loss of $65 million due to the acquisition of Kiva Systems. Analysts were expecting two cents per share on revenue of $12.88 billion. However, IT consultancy Forrester released a report that showed more online shoppers were surfing to Amazon over Google.
*Newell Rubbermaid (NWL) is managing to keep its fiscal house in order. The household products company reported a second quarter profit of $111.8 billion, or 38 cents per share. Analysts were expecting the company to post a profit of 45 cents on revenue of $1.52 billion. The firm has been facing cost-conscious consumers in recent quarters. Despite this, Newell's core earnings beat expectations.