Facebook hits all-time high; Amazon’s second-quarter earnings; Ford sinks on miss
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Ford (F) – The auto giant’s second-quarter results missed expectations as its earnings fell 9% to $2 billion. Ford also cut its forecast for total U.S. vehicle sales this year to a range of 17.4 million to 17.9 million from a range of 17.5 million to 18.5 million.
Facebook (FB) – The social media giant topped Wall Street estimates on both the top and bottom line, posting earnings per share of 97 cents on revenue of $6.44 billion. Facebook reported that its monthly active users rose to 1.71 billion and its ad revenue increased to $6.24 billion.
Amazon (AMZN) – The online retail giant is set to report earnings after the bell Thursday. Analysts are expecting earnings per share of $1.11 on revenue of $29.55 billion. Wall Street will be focusing on third-party sales and Amazon’s web services.
Dow Chemical (DOW) – The company beat estimates as its revenue fell less than expected, delivering its 15th quarter in a row of earnings and margin growth. Dow Chemical reported adjusted earnings per share of 95 cents on revenue of $11.95 billion.
Whole Foods (WFM) – The grocery gain reported third-quarter earnings of 37 cents per share on revenue of $3.7 billion. Whole Foods’ comparable sales dropped 2.6%, more than Wall Street expected.
GoPro (GPRO) – The action-camera maker posted second-quarter adjusted loss per share of 52 cents on revenue of $220.8 million, down from $419.9 million one year ago.
