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Halloween Stocks & Earnings from Facebook, GM, & Kellogg
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On today’s episode of Free Lunch, Ryan McQueeney recaps the latest earnings results from Facebook, General Motors, and Kellogg. Later, he discusses consumer Halloween spending habits and tracks the recent performance of popular candy stocks.
Free Lunch is presented by Zacks Investment Research. It is streamed live, four times per week, and features breaking news and analysis from Zacks strategists. Free Lunch is available on YouTube, Facebook Live, Twitter, Ustream, and more.
Stocks gained at the open Wednesday, thanks in large part to strong earnings results from key bellwethers. Notably, Facebook got some reprieve after its report on Tuesday afternoon, and General Motors (GM - Free Report) posted a much-needed strong quarter before the bell today.
Facebook managed to tally adjusted earnings of $1.76 per share and revenue of $13.7 billion. These results marked year-over-year growth of 10% and 33%, respectively. That revenue figure did miss estimates, but Wall Street was impressed by Facebook’s ability to grow earnings in the face of rising operating costs.
Mark Zuckerberg also spent time outlining the future of Facebook, highlighting the potential of the Stories feature in terms of new audience engagement and advertising. Zuckerberg mentioned that users like this non-permanent sharing and he wants to “make sure that we [at Facebook] fully embrace this.”
Elsewhere, GM posted earnings of $1.87 per share, crushing the Zacks Consensus Estimate by over 40%. Revenue improved 6% year over year to $35.8 billion, despite total auto sales slumping in key markets like the U.S. and China.
GM managed to offset this decline by selling more SUVs and trucks, which sell at higher price tags and are more profitable for the company. Management also said that it expects full-year earnings to come in at the high end of its guidance and potentially even higher, breathing some life into the struggling stock this morning.
On other hand, cereal giant Kellogg (K - Free Report) missed earnings estimates and saw its shares decline in morning trading today. Quarterly profits at the company came in at $1.06 per share, lagging the Zacks Consensus by a penny. Wall Street punished this earnings missed, even though revenue was ahead of expectations.
Ryan covers all of these headlines on the first half of today’s show!
Later, he has a little Halloween fun, highlighting consumer spending trends during the holiday and investigating a few candy stocks. How much money does the average person spend on Halloween, and where do they spend it? How do analysts feel about Hershey (HSY - Free Report) right now? Did everyone know Tootsie Roll (TR - Free Report) was a publicly-traded company?
Ryan explores all of these questions, and more, only on today’s episode of Free Lunch!
3 Medical Stocks to Buy Now
The greatest discovery in this century of biology is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating revenue, and cures for a variety of deadly diseases are in the pipeline.
So are big potential profits for early investors. Zacks has released an updated Special Report that explains this breakthrough and names the best 3 stocks to ride it.
Image: Bigstock
Halloween Stocks & Earnings from Facebook, GM, & Kellogg
On today’s episode of Free Lunch, Ryan McQueeney recaps the latest earnings results from Facebook, General Motors, and Kellogg. Later, he discusses consumer Halloween spending habits and tracks the recent performance of popular candy stocks.
Want more video content from Zacks? Subscribe to Zacks Investment News now!
Free Lunch is presented by Zacks Investment Research. It is streamed live, four times per week, and features breaking news and analysis from Zacks strategists. Free Lunch is available on YouTube, Facebook Live, Twitter, Ustream, and more.
Stocks gained at the open Wednesday, thanks in large part to strong earnings results from key bellwethers. Notably, Facebook got some reprieve after its report on Tuesday afternoon, and General Motors (GM - Free Report) posted a much-needed strong quarter before the bell today.
Facebook managed to tally adjusted earnings of $1.76 per share and revenue of $13.7 billion. These results marked year-over-year growth of 10% and 33%, respectively. That revenue figure did miss estimates, but Wall Street was impressed by Facebook’s ability to grow earnings in the face of rising operating costs.
Mark Zuckerberg also spent time outlining the future of Facebook, highlighting the potential of the Stories feature in terms of new audience engagement and advertising. Zuckerberg mentioned that users like this non-permanent sharing and he wants to “make sure that we [at Facebook] fully embrace this.”
Elsewhere, GM posted earnings of $1.87 per share, crushing the Zacks Consensus Estimate by over 40%. Revenue improved 6% year over year to $35.8 billion, despite total auto sales slumping in key markets like the U.S. and China.
GM managed to offset this decline by selling more SUVs and trucks, which sell at higher price tags and are more profitable for the company. Management also said that it expects full-year earnings to come in at the high end of its guidance and potentially even higher, breathing some life into the struggling stock this morning.
On other hand, cereal giant Kellogg (K - Free Report) missed earnings estimates and saw its shares decline in morning trading today. Quarterly profits at the company came in at $1.06 per share, lagging the Zacks Consensus by a penny. Wall Street punished this earnings missed, even though revenue was ahead of expectations.
Ryan covers all of these headlines on the first half of today’s show!
Later, he has a little Halloween fun, highlighting consumer spending trends during the holiday and investigating a few candy stocks. How much money does the average person spend on Halloween, and where do they spend it? How do analysts feel about Hershey (HSY - Free Report) right now? Did everyone know Tootsie Roll (TR - Free Report) was a publicly-traded company?
Ryan explores all of these questions, and more, only on today’s episode of Free Lunch!
3 Medical Stocks to Buy Now
The greatest discovery in this century of biology is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating revenue, and cures for a variety of deadly diseases are in the pipeline.
So are big potential profits for early investors. Zacks has released an updated Special Report that explains this breakthrough and names the best 3 stocks to ride it.
See them today for free >>