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Learning Earnings: Cigna, Time Warner Cable & Avon Report; Reaction to Facebook

Hot Stock Minute

Cigna (CI) is just out with one of the strongest earnings reports we've seen this quarter. The insurer made $1.89 a share when estimates were for $1.63. Revenues also raced past expectations at $8.07-billion. Also reporting is Time Warner Cable (TWC) , which made $1.69 a share, 4-cents better than expectations. But revenues here were a miss, with the CBS blackout getting part of the blame. Avon (AVP) is now down 9% on some ugly numbers. Earnings of 14-cents a share, a nickel short of expectations on revenue that was also below the consensus.

Facebook (FB) shares briefly soared 18% when the company released its quarterly report yesterday afternoon. Then, in a total turnaround, the stock moved into the red. This morning Facebook is trading up about 3% on what amounts to a blockbuster quarter, but with worries down the road. So, where is the company succeeding? And what's the cause for concern? Yahoo Finance's Jeff Macke has more in the video above.


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