Facebook Inc (NASDAQ:FB), reported earnings for the first quarter of its 2014 fiscal year (1QFY14; ended March 31, 2014) yesterday, beating analysts’ estimates largely as a result of stellar growth in ad revenues. The social media giant recorded revenues of $2.5 billion, and earnings per share (EPS) came out at 34 cents. Analysts, on the other hand, had estimated that revenues would come in at $2.36 billion, while earnings were pegged at about 24 cents per share. The company also beat expectations in other key metrics – its monthly active users (MAUs), mobile MAUs, and total ad revenues all beat the Street’s estimates. Facebook’s average effective price per ad increased 118% YoY, according to CFO David Ebersman, who is leaving the company in September. The company generated nearly 59%, or $1.34 billion, of its ad revenues from mobile, higher than analysts’ projections of approximately $1.22 billion. According to market research company eMarketer, Facebook had a 17.5% market share in global mobile ads revenues last year. Google Inc. (GOOG), in comparison, had 49.3%. This year, eMarketer expects Facebook’s share to increase to 21.7%, and that Google’s share will decline to 47%. The global mobile ads industry is expected to grow from 18 billion in 2013 to $32 billion this year. Facebook Inc (NASDAQ:FB), shares after opening at $59.97 moved to $60.01 on last trade day and at the end of the day closed at $57.71. Company price to sales ratio in past twelve months was calculated as 18.80 and price to cash ratio as 12.92. Facebook Inc (NASDAQ:FB), showed a negative weekly performance of 2.09%.
Sirius XM Holdings Inc. (NASDAQ:SIRI), reported better-than-expected financial results for the first quarter of 2014. The company generated record high adjusted EBITDA as a considerable number of subscribers stayed on after an initial promotional period. Quarterly GAAP net income came in at $94.1 million or 2 cents per share compared with $123.4 million or 2 cents per share in the prior-year quarter. First-quarter net earnings per share of 2 cents were exactly in line with the Zacks Consensus Estimate.Quarterly total revenue of $997.7 million exhibits annualized growth of 11.2% and also outpaced the Zacks Consensus Estimate of $991 million.Quarterly total operating expenses totaled $750.3 million compared with $650.5 million in the year-ago quarter. Operating income, in the reported quarter, was around $247.4 million as against $246.9 million in the prior-year quarter. SIRIUS XM posted record first-quarter adjusted EBITDA growth of 27.8%, bringing the figure to $334.8 million. In the first quarter of 2014, SIRIUS XM generated $251.4 million of cash from operations compared with $167.9 million in the year-ago quarter. Sirius XM Holdings Inc. (NASDAQ:SIRI), shares fell 2.35% in last trading session and ended the day on $3.12. Sirius XM Holdings Inc. (NASDAQ:SIRI), return on equity ratio is recorded as 15.70% and its return on assets is 5.60%. Sirius XM Holdings Inc. (NASDAQ:SIRI), yearly performance is 0.00%.
One of the largest company in the sector of software products and services, Microsoft Corporation (NASDAQ:MSFT), is scaling up to amass new milestones of success and consumer satisfaction by its all innovation spree. The recent launch and sale of exceptional products and services has taken up Microsoft at its best and is still evolving to carve new niches. The results and future outlook of Microsoft look promising both for the consumers and the industry. Microsoft Corporation (NASDAQ:MSFT) 3Q2014 results demonstrated the strength of the company’s business and were merely a glimpse of the innovation spree that is ignited by the new CEO, Satya Nadella. Microsoft posted its earning per share as $0.68; revenue as $20.4 billion and net income as $5.66 billion The phenomenal milestones are a cumulative result of cloud services, Azure, Bing US Search, etc. Microsoft’s effort to encourage people to rediscover teaching via interactive ad units is finally turning into reality. Recently on April 22, 2014, the visionary of global interoperability in the domain of wireless charging, Power Matters Alliance (PMA) announced the joining of Microsoft as its newest member. This strategic setup will help in furthering the vision of PMA along with extending a specification to Microsoft for advanced charging features. Microsoft Corporation (NASDAQ:MSFT) with this step is all set to ignite a new phase of adoption and innovation. Microsoft Corporation (NASDAQ:MSFT), shares moved up 0.13% in last trading session and was closed at $39.91, while trading in range of $ 39.75 – 40.68. Microsoft Corporation (NASDAQ:MSFT), year to date (YTD) performance is 7.49%.
Ford Motor Company reported $989 million in profit during the first quarter of 2014, a significant drop from the $1.61 billion the Detroit-based automaker saw during the same period last year. Revenue, however, was up in Q1. MarketWatch reports the company raked in about $35.9 billion overall in the first quarter, slightly surpassing the $34.54 billion in revenue analysts expected. The Detroit Free Press reports Ford has 23 global launches planned in 2014, one of the company’s most aggressive years in the past half-decade. The costs associated with those launches, as well as service costs related to older models, are likely related to Ford’s profit drop. Ford Motor Company (NYSE:F), weekly performance is -1.38%. On last trading day company shares ended up $15.78. Ford Motor Company (NYSE:F), distance from 50-day simple moving average (SMA50) is 1.29%. Analysts mean target Price for the company is $17.80.
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