See original here: Notable earnings after Monday’s close: [[AGNC]], [[APC]], [[ARCT]], [[AUY]], [[BIDU]], [[CRUS]], [[FLS]], [[FMC]], [[FST]], [[GEOY]], [[HLF]], [[HTZ]], [[LEG]], [[LIFE]], [[MAS]], [[MNKD]], [[OII]], [[PMCS]], [[SCCO]], [[VRTX]], [[XCO]]
NEW YORK (TheStreet) — Facebook may be basking in the glow of its mega-IPO, but CEOs and CFOs see plenty of upside elsewhere in Silicon Valley following the biggest ever tech offering.
“From a Silicon Valley standpoint, the success of a company like that in the tech space and the social network space plays very well,” Frank Calderoni, the Cisco CFO, told TheStreet. “As it pertains to the economy and jobs, that’s important.”
According to its S-1 filing with the Securities and Exchange Commission, Facebook had 3,539 employees at the end of March, up from 2,431 at the end of the same period last year. The Menlo Park, Calif.-based firm has also ramped up spending on infrastructure needed to support its more than 900 million users. Facebook’s cost of revenue in the first quarter of 2012 increased $110 million, or 66%, year over year, thanks largely to expanding data center operations. …
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NEW YORK (TheStreet) — Shares of Baidu dropped in late trades on Tuesday after the China-based Internet search company reported a sequential decline in revenue in its latest quarterly results.
The company posted a net income of $299 million for the three months ended March 31 on revenue of $677.1 million. Non-GAAP earnings per share came in at 87 cents. In the fourth quarter of 2011, Baidu’s net income was $326.3 million with revenue totaling $710.9 million.
The stock was last quoted at $121.77, down 10.4%, on volume of more than 1.3 million, according to Nasdaq.com.
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Continued here: Baidu, Apple: After-Hours Trading
The following commentary comes from an independent investor or market observer as part of TheStreet’s guest contributor program, which is separate from the company’s news coverage.
NEW YORK (Trefis) — Sina, one of the largest Internet giants in China, is planning to focus on the monetization of its online properties in the second quarter of this year.
Sina plans to monetize the Weibo microblogging service, which has around 250 million registered users, by launching new display advertising units. It also plans to monetize its gaming platform.
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See the original post here: Sina Steps Up Monetization Efforts
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NEW YORK (TheStreet) — “This is the opposite of a bubble,” Jim Cramer told his “Mad Money” TV show viewers Wednesday, as he took on the critics and skeptics that are comparing today’s markets to the last time the Dow Jones Industrial Average crossed 13,000.
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See more here: Cramer’s ‘Mad Money’ Recap: No Bubble Here (Final)
(Story updated to add that Priceline reported that fourth-quarter earnings soared 66%.)
BOSTON (TheStreet) — A retailing trend that appears irreversible, at this point, is consumers’ increasing preference for buying goods and services online.
And the pace is likely to quicken given consumers’ growing use of mobile devices such as phones and tablets, as they make comparison shopping, and the whole shopping experience, much easier since it can be done from virtually anywhere that tends to prompt impulse purchases.
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Originally posted here: 9 Tech Stocks Cashing in on Web Shopping (Update1)
NEW YORK (TheStreet) — Stocks were mixed midday Friday as negative stock news for Baidu and Gilead Sciences outweighed rising certainty about the Greek bailout.
The Dow Jones Industrial Average rose 27.33 points to 12,931.41. Leading the Dow higher were Intel, Merck and Home Depot.
Shares of Intel increased 1.91% to $27.34. The stock hit a 52-week high Friday of $27.34.
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Go here to see the original: Intel, Merck, Home Depot: Dow Midday Movers