Reuters - Video

Edition: US | UK | IN | CN | JP

video Finance Videos

U.S. Morning Call: Going mobile - Facebook earnings to tell

Wednesday, May 01, 2013 - 03:15

May 1 - Facebook reports after the bell and investors will focus on whether the mobile strategy is moving revenues and earnings along.

▲ Hide Transcript

View Transcript

Morning -- Wednesday there are a lot of companies reporting today but I think most of us really care just about -- Ever since it spots IPO investors have had a curious fascination with the social network with analysts going more fun to face but as time has passed. Those same analysts who once again I think the strength of FaceBook by its mobile ad business. In the first quarter a year ago FaceBook had just started rolling out mobile ads now they represent more than a bit of its business. Like a pact -- -- bush securities says expect a good report and boost for the stock. All eyes are on on how much revenue they generate the street as model down 10% sequentially. Which is still up a lot here every year I think that's reasonable I think it probably hit that number that second question is how much of their revenue comes from mobile. The streets at about 26%. Of advertising revenue from mobile. Again that sounds reasonable I think if it's significantly below that of its -- 23% I think the market won't like this of my biases. They hit on the revenue line they hit on the mobile line and they delivered earnings number of people looking for the stock goes up. Take you look at US stock futures are pointing to and slightly higher start this morning the -- and 500 ending at yet another all time closing high. The job -- apple helping the index. Also providing a lift to futures the expectation for the Fed to maintain its monthly bond purchases. But the latest signs of economic weakness could begin to shift the conversation away from the prospect of reducing stimulus to talk of doing more of the same. A bunch of economic data due out today to ADP employment construction spending and more important science and manufacturing index. US factory activity is expected to be stuck in low level of growth in April not a good sign. Turning to some stocks to watch they point to check on new lines the company behind Apple's Siri. The stuck to the big tumble yesterday after forecasting a quarterly profit well below estimates. But Carl Icahn increased his stake in the speech recognition software maker from 9% to ten point 72%. We smell a change in management perhaps. And we can't talk about Syria and not mention again the stop making a comeback after bringing some sex appeal to debt markets. It's the largest non bank bond deal in history whopping seventeen billion dollar pricing investors getting paid. And finally over to become overvalued. A source telling Reuters that an investor in over the fast growing company that provides -- at refining carte services limousines. Has contacted a venture capital firm for -- round of new funding package valued the company at one million bucks or more. But -- chief executive Travis. How and it said the company was not currently raising money. It's a Wednesday morning call remembered follow us on Twitter at Reuters Insider get more great videos -- dot com slash. I'm super.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

U.S. Morning Call: Going mobile - Facebook earnings to tell

Wednesday, May 01, 2013 - 03:15