Latest Earnings News has issued earnings forecast reports for investors digging US stock market’s real value: Facebook (NASDAQ:FB), MGM Resorts (NYSE:MGM), Avon (NYSE:AVP), Bank of America (NYSE:BAC), Barrick Gold (NYSE:ABX), and Expedia (NASDAQ:EXPE).
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Report Highlights:
Facebook Inc (NASDAQ:FB): By the end of trading session, Facebook (NASDAQ:FB) shares earned 2.44% to US$50.21 with more than 248.34 million shares traded, compared to its average volume of 84.76 million shares. After releasing its strong Q3 earnings, the company stock soared about 17% during the after-hours. But the shares slipped due to investors worried about the comments of CFO David Ebersman that regarding a decrease in daily users among younger teenagers, and that the company doesn’t expect to significantly increase “the quality and relevance” of its Newsfeed ads in the fourth quarter. Observing comprehensive analysis of Facebook could help investors have huge gains in investment. Check FB earnings forecast report below.
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MGM Resorts International (NYSE:MGM): The MGM Resorts (NYSE:MGM) shares began the trading session with a price of US$19.49. When day-trade ended, the stock finally plunged 6.16% (or US$1.25) to US$19.04. The stock traded 32.90 million shares in the last trading session, compared to its daily average of 8.55 million shares. The company reported its Q3 loss narrowed due to the improvement of gambling revenues and less interest on debts. Investors may want to find out where MGM Resorts will go from here. Observe comprehensive MGM earnings forecast report here.
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Avon Products, Inc. (NYSE:AVP): The share of Avon (NYSE:AVP) began the trading session with a price of US$18.30. When day-trade ended, the stock price slumped 21.87% to US$17.50 by the end of last trading session. The stock traded 35.30 million shares in the last trading session, compared to its daily average of 2.56 million shares. The company shareholders experienced the biggest daily percentage drop in last 14 years. The direct seller of beauty products may face much bigger than expected settlement terms over investigation into its alleged bribery practice in China and other countries. Do you think Avon will go on? Do you think now is a good time to buy the stock? Investors could check AVP earnings forecast report here.
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Today also observed abnormal trade volume for the following companies; Check out the consensus earnings forecast reports below:
Bank of America Corp (NYSE:BAC):
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Barrick Gold Corporation (USA) (NYSE:ABX):
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Expedia Inc (NASDAQ:EXPE):
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Reported on Nov 1, 2013