Facebook, Amazon, Starbux — Earnings Reality
A quick run-down of this evening's catastrophe among the sweetheart hope stocks. From Facebook, Amazon, and Starbucks - not pretty. Top line misses, earnings misses, and outlook guides down... FB -13%, AMZN -2% (was -6%), SBUX (-6%). Via Bloomberg... *FACEBOOK 2Q COSTS/EXPENSES $1.93B MOSTLY ON SHR BASED COMP *FACEBOOK 2Q ADJ. EPS 12C, GAAP LOSS 8C-...
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