Morning Briefing: 10 Things You Should Know
NEW YORK (TheStreet) -- Here are 10 things you should know for Thursday, July 25:
1. -- U.S. stock futures were pointing to a weaker start on Wall Street on Thursday, as Asian stocks fell but European stocks gained on improved German business confidence data.
Japan's Nikkei 225 index fell 1.1% to close at 14,562.93.
2. -- The economic calendar in the U.S. Thursday includes weekly initial jobless claims at 8:30 a.m. EDT, and durable goods orders for June at 8:30 a.m.
3. -- U.S. stocks on Wednesday finished mixed as the S&P 500 shied away from topping the 1,700 mark after coming within just points of what would have been a milestone mark for the index as caution prevailed.
The S&P 500 fell 0.38% to finish at 1,685.94. The Dow Jones Industrial Average dropped 0.16% to 15,542.24. The tech-heavy Nasdaq rose incrementally to 3,579.60.
4. -- Facebook
The social networking giant earned 19 cents a share on revenue of $1.813 billion for the quarter, as mobile advertising revenue accounted for 41% of advertising revenue. Total advertising revenue was $1.6 billion, 88% of total revenue, and up 61% from last year.
Analysts were expecting Facebook to earn 14 cents a share on revenue of $1.62 billion.
"We've made good progress growing our community, deepening engagement and delivering strong financial results, especially on mobile," CEO and founder Mark Zuckerberg said in the press release. "The work we've done to make mobile the best Facebook experience is showing good results and provides us with a solid foundation for the future."
The company ended the quarter with 1.15 billion monthly active users (MAUs), up 21% year over year. There was a 51% annual increase in mobile MAUs, which drove the strength in mobile revenue. Daily active users (DAUs) were 699 million, up 27% annually.
5. -- Wall Street expects automaker General Motors
General Motors earned 90 cents a share on revenue of $37.4 billion in the year-earlier quarter.
6. -- Amazon.com
Growth in U.S. revenue is expected to remain strong while weakness persists in Europe.
Amazon earned $7 million, or 1 cent a share, on revenue of $12.83 billion a year earlier.
7. -- 3M