google will be down big time tomorrow after hours at 4:00 p.m.
ouch = same fate as fb
=== Shares of Texas Instruments Inc. (TXN) slumped 6.7% in after-hours trade Wednesday, after the semiconductor maker missed first-quarter profit and sales expectations, and provided a downbeat second-quarter outlook. Shares of Texas Instruments Inc. (TXN) slumped 6.7% in after-hours trade Wednesday, after the semiconductor maker missed first-quarter profit and sales expectations, and provided a downbeat second-quarter outlook.
Reality = Facebook Inc. reported a 42% increase in first-quarter revenue, but heavy spending on data centers and long-term initiatives kept a lid on profit.
not a smiley face tomorrow miss facebook
stock keeps dropping and dropping after hours
why? spending weighs on profits!
=== Lurking in the background though is Facebook's heavy spending on data centers to deliver services and long-term projects such as virtual reality and Internet access beamed from solar-powered drones. Facebook needs lots of computers, places to run them and the means to connect those to end-users around the world. Meanwhile, Chief Executive Mark Zuckerberg wants the company to get ahead of new trends, while getting more people around the world online. Those goals aren't governed by quarterly earnings targets.
On Wednesday, Facebook said its first-quarter total costs and expenses jumped 83% to $2.61 billion. Research and development spending was $1.06 billion, up from $455 million a year ago.
=== Revenue was weighed down by the rising dollar. Facebook generates more than half its revenue overseas, in currencies that translate into fewer dollars today than a year ago.
Facebook shares fell 1.3% to $83.50 in after-hours trading as the company's top line fell short of expectations.