The stock market was slumping Thursday, but a July jobs report could help swing things around. The S&P 500 surged slightly — 0.02% — while the Dow Jones Industrial Average fell by the same amount.
Earnings were the news of the day, as FireEye Inc (NASDAQ:FEYE), Kraft Heinz Co (NASDAQ:KHC) and Zynga Inc (NASDAQ:ZNGA) all reported their quarterly earnings data.
Here’s what you need to know:
FireEye Inc (FEYE)
FireEye released its quarterly earnings results Thursday.
The company reported a loss of 86 cents a share, compared to the 33 cent-per-share loss that Wall Street had anticipated.
With new CEO Kevin Mandia in place, the company announced that it will cut 300 to 400 jobs. FireEye has 3,400 employees.
Its revenue figures were not impressive either, as the company raked in $175 million, lower than the $181.6 million that analysts had hoped for.
The reason for the job cuts has to do with these underwhelming results, due to the fact that the company is not growing as fast as it’d hoped.
FEYE stock fell 16.8% after the bell yesterday.
Kraft Heinz Co (KHC)
Kraft Heinz also reported its revenue data recently.
Revenue came in at $6.79 billion, which is in line with the amount that analysts polled by Thomson Reuters called for.
The company reported adjusted earnings of 85 cents a share, which easily surpassed the 73 cents per share that the consensus estimate called for.
The numbers prove that the union of Kraft and Heinz has proven to be fruitful, with both brands merging in a profitable manner.
KHC shares soared 3.5% higher after hours Thursday.
Zynga Inc (ZNGA)
Zynga had a quarter to forget.
The creator of FarmVille and Mafia Wars reported earnings per share of 0 cents, matching Wall Street’s expectations.
Additionally, the company’s revenue totaled $181.7 million, which is better than the $169.4 million that analysts expected.
Zynga is looking to improve how it manages its funds by tightening its costs, especially in its marketing segment.
ZNGA shares fell 10.1% after the bell Thursday.
As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.
