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MarketFoolery

MarketFoolery: 07.25.2013

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 25 July 2013

⏱️ 26 minutes

🧾️ Download transcript

Summary

Facebook’s huge 2nd-quarter results send the bears running. Plus earnings from Visa, Under Armour, General Motors and Dunkin’ Brands.

Transcript

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0:00.0

It's Thursday, July 25th.

0:04.0

Welcome to the market foolery.

0:05.0

I'm Priseel joining me in studio today from Motley Fool 1,

0:07.4

Jason Moser and from Fool.

0:09.6

David Hanson.

0:10.6

Happy Thursday gentlemen.

0:11.7

Yo, hey.

0:13.0

We will wrap up earnings Palusa.

0:15.0

By the way, more than 50 companies in the S&P 500 are reporting today.

0:20.0

I was going to say it seems like a dizzy day.

0:22.0

Yeah, we will not be covering them all. But we will be talking about a few of the highlights and possibly low lights. Visa, Under Armour, General Motors, Duncan Brands, but we will start with the stock of the day.

0:36.7

And that is Facebook, which is up 25% this morning after second quarter profit and revenue came in much higher than expected and

0:45.6

mobile ads, Jason, getting all the attention, mobile ads which essentially did not exist a year

0:50.9

ago and now are making up 41% of all ad revenue. That's a huge

0:59.1

number. That is a huge gain going from zero to 41% in basically a year.

1:04.5

And that number will just continue to rise.

1:07.0

And that was, you know, the market's reaction today is one of beating all expectations, right?

1:13.0

I mean, a lot of this is just an expectations game,

1:15.0

and so Facebook brought in higher earnings, higher sales.

1:18.0

Mobile advertising went from being 30% of sales up to 41.

1:24.0

To put this in context, I mean, just to have a little perspective here,

1:28.0

Facebook, this past quarter, made about $655 million

...

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