Facebook Booms on Earnings, Bringing Zynga Along for the Ride, and 3 More Hot Stocks
Facebook (NASDAQ:FB) and Zynga (NASDAQ:ZNGA) seem to be a single entity when it comes to stock performance. Facebook’s strong earnings, which showed a 27 percent gain in active users over the past year, coupled with a jump in second-quarter revenue of 53 percent to $1.81 billion, have sent the stock soaring today, trading up over 20 percent. Zynga, despite projections for poor earnings, is up Thursday on the news as well, trading over 5 percent.
Boston Scientific Corp. (NYSE:BSX) has been the recipient of a lot of good news recently, as earnings and approval for its rhytmia mapping system have sent the stock soaring over 12 percent today. While current cardiac mapping is done manually, Boston Scientific’s method will automate the process while improving the density of the mapping. Adjusted earnings per share exceeded company estimates of 14 cents to 17 cents, reaching 18 cents. The company also grew by 29 percent in Brazil, India, Russia, and China.
Colgate-Palmolive Co. (NYSE:CL) reported strong sales growth of 2 percent, or $4.346 million. Global unit volume grew by 4 percent, and organic sales, which excludes foreign exchange, acquisitions, and divestments, grew 5.5 percent. Colgate-Palmolive’s profit margin remains strong, coming in at 58.3 percent, increasing slightly from 57.7 percent in the second quarter a year ago. Colgate is trading up a little over 1 percent Thursday on news of the earnings.
SiriusXM Radio (NASDAQ:SIRI) broke its own record for revenue this quarter, reaching $940 million, or 12 percent more than last year’s second quarter total. Income before taxes rose to $202 million in the second quarter, a 47 percent gain from the same period last year. The largest quarterly gain in subscribers since 2007 has Sirius with now over 25 million million total users. Free cash flow was also at $237 million, an all-time second-quarter high for the company.