Apple Denies iMessage Loopholes, Google’s Strong Quarter, and 3 More Hot Stocks
Apple Inc. (NASDAQ:AAPL): “iMessage is not architected to allow Apple to read messages,” said Apple spokeswoman Trudy Muller, in a statement to AllThingsD in response to a report presented by QuarksLab that alleged that, “Apple can read your iMessages if they choose to, or if they are required to do so by a government order.” However, despite being well-received by the security community, Apple disagrees, naturally. “The research discussed theoretical vulnerabilities that would require Apple to re-engineer the iMessage system to exploit it, and Apple has no plans or intentions to do so,” Muller said.
Google Inc. (NASDAQ:GOOG): An earnings beat ($10.74, beating by 37 cents) and a revenue beat ($14.89 billion, beating by $0.05 billion) have led to a 12-plus percent run in the stock, breaching the $1000 market (at least temporarily.) Cost per clicks actually dropped 4 percent quarter over quarter, and 8 percent year-over-year, following a drop of 2 percent and 6 percent last quarter. However, its paid clicks rose 8 percent over last quarter, and 26 percent year-over-year, up from 23 percent year-over-year in the second quarter and 20 percent in the first.
Advanced Micro Devices (NYSE:AMD): Despite beats for both earnings and revenue, AMD shares are selling off to the tune of 12 percent, after a similar 7-8 percent fall in aftermarket trading on Thursday night. The company even guided above the consensus levels, but investors are primarily concerned that the company’s margins are shrinking, and the PC industry weakness will have a profound effect on the company. CPU division sales fell 6 percent quarter over quarter, and down 15 percent over last year to $790 million.
Herbalife Ltd. (NYSE:HLF): A group of Latino and African American civil rights leaders are holding a press conference outside of Los Angeles’ Reagan building to call upon California Attorney General Kamala Harris to launch an investigation into Herbalife’s business practices, which has been likened to a Pyramid scheme on numerous occasions. The League of United Latin American Citizens, the Southern Christian Leadership Conference, and the Congress of Racial Equality are expected to have a presence.
Las Vegas Sands Corp. (NYSE:LVS): Las Vegas Sands has reported EPS of 82 cents, beating by 6 cents, and revenue of $3.57 billion, also beating by $0.14 billion as casino revenue grew 36 percent year-on-year, to $2.98 billion for 79 percent of total revenue. Adjusted property EBITDA rose 45.5 percent on year, to $.128 billion, outpacing revenue growth of 31.7 percent. $299.6 million was spent on stock buybacks.
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