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Imus in the morning program on the fox the.
Good morning everyone shares of apple are down more than 4% in premarket trading after the company reported a rare miss that its third quarter results.
Apple's profit came in at nine dollars 32 cents a share up 21% from last year.
But that's a little more than a dollar short of what analysts were looking for.
Revenue jumped 23% to 35 billion dollars that missed expectations for 37 point 22 billion.
The company's results were hit by the struggling European economy and consumers holding off on buying an iPhone until the new version is released that's expected later this year.
The company sold 26 million I'd -- as those iphones during the quarter that missed Wall Street expectations.
But that was also offset by iPad sales which came at seventeen million topping expectations.
Apple also sold four million Mac computers the company released its new operating system for Mac today.
-- -- Mountain -- it has some features seen on the company's mobile devices like better integration.
With social networks.
WellPoint reported disappointing second quarter results this morning the health insurer made and adjusted profit.
-- two dollars -- cents four cents below the estimate while revenue of fifteen point two billion dollars came in short of the fifteen point 27 billion dollar forecast.
WellPoint also lowered its outlook for 2012 due to lower enrollment and higher medical cost trends.
The company expects earnings of seven dollars thirty cents to seven -- forty cents a share.
While analysts are looking for seven dollars 76 cents.
We're getting earnings and from Ford Motor.
Company right now auto -- reporting an adjusted profit of thirty cents a share.
Beating the estimate for 28 cents revenue came in at 33 point three billion dollars again and beat there the estimate was for 32 point 17 billion.
Checking the markets now here in the US futures are mixed at the moment Dow futures are up by 55 the S&P -- up by six.
But the NASDAQ is down it's taking a hit on apple as love Netflix shares which.
After doing badly -- right now we're also seeing over in Europe UK GDP fell point 7%.
In the second quarter German July business confidence came -- worse than expected and is also at its lowest level in three years also.
Spain's benchmark the ten year -- spiked to seven point 6:5%.
Stocks there though still holding on an agreed across the board.
London's up by about twelve points Paris by 22 and Frankfurt's up by about 32 we're getting -- then -- That IMAX the parent of the NASDAQ stock exchange is reporting an adjusted profit of 64 cents beating estimate for sixty cents.
Revenue of 413.
Million dollars is also -- beat the estimate there.
Was for 407 point two million.
Treasury Secretary Timothy Geithner is set to go before the house today.
-- to address his update to congress he will also likely be asked about that live -- scandal let's get to some earnings from -- -- PepsiCo that are coming in right now.
The soft drink and -- company is reporting an adjusted profit.
Of one dollar twelve cents a share beating the estimate for one dollar.
-- revenue of sixteen point 46 billion dollars also came in just a little below the estimate there the -- was for sixteen point five billion.
Back to Treasury Secretary Timothy Geithner -- imagine he will go before the house today and is expected to face some tough questions.
Over the live -- get on Geithner makes no mention of the rate manipulation in his prepared remarks.
Which are part of his annual update to congress that's why he's there but.
Being he was president of the New York fed -- alive or issues first rose lawmakers will likely ask him.
About the government's response to the scandal as part of -- update Geithner will lot lot more lawmakers that.
The debt crisis in Europe could have very harmful effects on the US and that the continuing flight in the region on how to deal are -- the region.
On had to deal with those shortfalls it's hurting global growth and fueling a slowdown.
Geithner also plans to say the US economy is expanding but going through -- slowdown caused in part by higher oil prices earlier this year.
Cuts in government spending and slow income growth.
One brokerage firm is expected to give it support to nasdaq's compensation plan in the wake of the botched FaceBook IPO.
As fox business' Charlie Gasparino first reported Knight securities is expected to accept the payout plan.
With an announcement coming as early as today.
-- announced last week of more than 35 million dollar loss related to Facebook's man IPO on Friday NASDAQ -- the compensation plan from forty million dollars to 62 million Gasparino says that move came after NASDAQ consulted with night CEO Tom Joyce.
Here's a look at commodities now oil and gold and and dancing around a little bit this morning we're seeing them up across the board at the moment -- up by about 22 cents.
And 8889 dollars a barrel gold is up by fifteen bucks at 1595.
An -- Coming up this hour Imus is guests will be did in Cairo dot org Buiter -- I miss and Fox News legal.
Analysts -- will -- blonde on -- Imus in the morning continues right now on Fox Business.
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