3 Stocks to Watch on Thursday: Facebook Inc (FB), GoPro Inc (GPRO) and Groupon Inc (GRPN)

The Asian stock markets experienced slight increases Wednesday, while U.S. indexes edged higher throughout the course of the day. The S&P 500 ticked 0.1% higher, while the Dow Jones Industrial Average also grew 0.1%.

3 Stocks to Watch on Thursday: Facebook Inc (FB), GoPro Inc (GPRO) and Groupon Inc (GRPN)Facebook Inc (NASDAQ:FB) posted its quarterly earnings data, while GoPro Inc (NASDAQ:GPRO) and Groupon Inc (NASDAQ:GRPN) also released earnings info for their most recent three-month periods.

Here’s what you need to know:

Facebook Inc (FB)

Facebook released revenue of $6.44 billion for the company’s most recent quarter.

Mark Zuckerberg is now worth $56.7 billion. Additionally, the social media site earns about $14.34 per user.

The company’s diluted earnings per share figure amounted to 71 cents a share. “We see a world where video is first, with video at the heart of all of our apps and services,” Mark Zuckerberg said in a conference call.

A total of roughly 1.71 billion people use Facebook on a normal basis, about 23.9% of the world’s population.

FB stock rose 4.5% after the bell Wednesday.

GoPro Inc (GPRO)

GoPro also reported its quarterly earnings data yesterday.

The company posted an adjusted loss of 52 cents per share, which is considerably better than the loss of 58 cents per share that Wall Street analysts had projected.

GoPro’s sales totaled $220.7 million, which is $26.4 million higher in revenue than the consensus estimate had called for.

“We believe [this quarter] will be GoPro’s most exciting fourth quarter, ever — a quarter where we expect to return to profitability,” said founder and CEO Nick Woodman.

GPRO stock inched 0.6% higher Wednesday afternoon.

Groupon Inc (GRPN)

Groupon reported its earnings data on Wednesday as well.

Thomson Reuters-polled analysts were expecting revenue of $711 million. The online coupon provider topped this figure by $45 million.

The company lost 1 cent per share, which was also better than the 2-cent-a-share loss that the consensus estimate called for. This figure amounted to $51.7 million.

Groupon added 1.1 million users in its second quarter.

GRPN shares declined 23.8% after the bell yesterday.

As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.

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Article printed from InvestorPlace Media, https://investorplace.com/2016/07/3-stocks-watch-thursday-facebook-inc-fb-gopro-inc-gpro-groupon-inc-grpn/.

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