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Here are Thursday’s top stories:
Facebook (NASDAQ:FB) shares plummeted over 10 percent after-hours after disappointing earnings. Facebook booked a net loss of $157 million, or 8 cents per share in the April-June period, primarily due to stock compensation expenses. That compares with earnings of $240 million, or 11 cents per share, in the second quarter a year ago. Revenue grew 32 percent to $1.18 billion from $895 million a year ago. Adjusted earnings of $295 million, or 12 cents per share.
Don’t Miss: Facebook is Zynga’s New Punching Bag.
In the meantime, Zynga’s (NASDAQ:ZNGA) crashed 38 percent after yesterday’s horrific earnings miss.
Apple’s (NASDAQ:AAPL) Mac OS X 10.8 is out, and its iOS-like features are igniting intense debate, although so far the feedback is mostly positive. Good Technology calculates that iOS comprised 70.8 percent of the firm’s second quarter enterprise mobile device activations, which is lower than the first quarter’s 79.9 percent, but it still far exceeds Android’s (NASDAQ:GOOG) 27 percent. Separately, the next iPhone will be delayed because of Qualcomm Incorporated’s (NASDAQ:QCOM) 28nm baseband chip shortage, says China’s First Financial Daily.
Don’t Miss: Here’s Why Apple Buys More Chips Than Rivals.
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