Earnings Watch: Starbucks Corporation (SUBX), Amazon.com Inc (AMZN), Zynga Inc (ZNGA) [VIDEO]
U.S. stocks fell Thursday as investors weighed earnings results from Facebook Inc. (NASDAQ:FB), General Motors Company (NYSE:GM), 3M Co. (NYSE:MMM) and the Dow Chemical Company (NYSE:DOW).
After the bell Thursday, Starbucks Corporation, Amazon.com Inc. and Zynga Inc. report results.
Starbucks Corp. (NASDAQ:SBUX) is expected to report third-quarter earnings of 53 cents per share on revenue of $3.72 billion, compared with earnings of 43 cents a share on revenue of $3.30 billion in the year-ago period, according to analysts polled by Reuters.
As of 10:45 a.m. Eastern, Starbucks is trading up 0.49 percent to $66.93 a share.
Amazon.com Inc. (NASDAQ:AMZN) is estimated to book second-quarter earnings of 5 cents a share on revenue of $15.74 billion, according to Reuters, compared with earnings of 1 cent per share on revenue of $12.83 billion in the year-ago period.
Amazon.com is trading up 0.15 percent to $299.38 a share early in the trading session.
Zynga Inc. (NASDAQ:ZNGA) is forecast to report a loss of 3 cents per share in the second quarter on revenue of $185.42 million, compared with a loss of 3 cents per share on revenue of $301.59 million in the second quarter, analysts polled by Reuters said.
Shares of Zynga jumped 6.10 percent to $3.50 a share in morning trade.
As of 10:50 a.m. Eastern, the Dow Jones Industrial Average was down 50.37 points, or 0.32 percent, at 15,491.87. The S&P 500 fell 1.01 points, or 0.06 percent, at 1,684.93. The Nasdaq Composite Index was up 13.02 points, or 0.36 percent, at 3,592.60.
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