LinkedIn beat the street once again today, reporting strong second quarter earnings and a boost in membership to 238 million users.
Facebook had been trading at around $26/share all day, but it jumped to to almost $31 within minutes of the news
Google just released its Q2 2013 quarterly earnings: $14 billion in revenue, including $13.1 billion in ad sales, and almost $4 billion in profit.
Here’s the company’s quarter, visually.
The first part of Tim Cook’s answer was exactly what Wall Street wanted to hear. The second part, not so much.
Apple reported its second quarter 2013 results today, with revenue of $43.6 billion and income of $10.09 per share. Analysts had expected revenue of $42.5 billion and income of $10 billion. Apple’s guidance had been between $41 and $43 billion.
Apple stock has jumped more than $18 since yesterday, adding $17 billion in stock market capitalization to the company’s value in the last 24 hours.
“iPhone 5 sales have failed to impress. There’s been a lack of innovation over the past few years to come up with the next great device, and consumers have filed to see any differentiation. Samsung has captured the market.”
Hon Hai Precision Industry, better known as Foxconn, reported an almost 20 percent drop in earnings in the past quarter. The problem, apparently, is lower than expected iPhone sales.
“Let’s just call it as it is,” he said today on CNBC, “there has not been a single piece of good news about Apple for 300 points, and today is just another day when the news is just horrendous.”
Revenue will definitely be down from the company’s traditionally big holiday quarter, but the big question will be how Apple’s Q2 2013 will compare to Q2 2012.