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Imus in the morning -- On the -- Good morning everyone shares of apple are down more than 9% in the premarket after the company reported weaker than expected revenue for its first quarter.
And lowered revenue guidance for the current quarter.
The company earned thirteen dollars 81 cents a share topping the estimate the basically matching the prior year.
As iPhone sales came in below expectations.
Revenue rose nearly 18% from last year to 54 and a half billion dollars but that also missed the estimate.
For 54 point seven billion apple says it sold a record 48 million iphones last quarter but that -- was below the estimate for fifty million.
It also sold nearly 23 million ipads just over four million Macs and twelve point seven million iPods.
Checking the markets now here in the US you can see NASDAQ futures are pretty disappointing there due to Apple's results.
Dow futures -- by four points though the -- -- -- down by about three in Europe the eurozone PMI for both manufacturing and services came in better than expel expected.
But still indicates contraction stops there are also -- -- -- London up seventeen Paris and Frankfurt though are both down.
Meanwhile JPMorgan's Jamie Dimon leads a slew of CEO interviews from Davos Switzerland today.
Our -- -- claimant is there with more from the 43 annual meeting of the world economic form.
The sun is up here in Davos Switzerland where its world leader day at the World Economic Forum -- German Chancellor Angela Merkel UK's prime minister David Cameron is here we also have Mario Monti of Italy all of them speak on panels downstairs for a while they're doing that.
World business leaders are coming upstairs to speak with Fox Business kicking it off.
A -- conversation with chairman and CEO of JPMorgan Chase Jamie Dimon don't miss that it's live.
Moved to -- Kent of Coca-Cola will be speaking with us Carlos -- -- Nissan Renault.
On why he is adamant and sticking to was all electric vehicle plan we also have Israel's Central Bank chief Stanley Fischer.
Bob Greifeld of the NASDAQ and set the DVR tomorrow 5 AM eastern.
We have Bill Gates of the Bill & Melinda Gates Foundation a -- conversation but.
Before then you got to join us starting at 10 AM eastern with Jamie Dimon right here from the Swiss ski chalet the picturesque view with world leaders.
All right that -- claim they will be sure to tune in live in now let's take a closer look.
-- what's moving the European market is Joseph Rundle head of trading eighty -- capital in London.
Just Spanish unemployment hit its highest level since the mid seventies and more than 26%.
60% of those 125 or under employed.
So how do you come back from that.
I think Israeli death.
Google and I am indeed the risk on time we've -- has assuming the eurozone crisis is has been tricks for you look at these figures and -- really.
It's not in no position to to generate any -- get those figures down says really ready wiring.
For the Spanish economy and I think certainly for the RS and that's probably why would saying that tax and -- -- down tonight.
And German business activity surged in January accelerating to its fastest rate of growth in a year but in -- It fell at its fastest rate in nearly four years so what do you make of that.
Well Germany really is the powerhouse of Europe and is it becoming increasingly clear that.
Any bailouts is gonna be done not on -- in these times men -- it's gonna be Germany that going to be.
Funding the -- -- -- so any sort of Grice there is good.
I'm the French are becoming increasingly weak.
Had run the risk of being -- -- the same math section as Italy and -- Right -- Rundle already get capitalized gates talked to -- thanks.
I'm and we have earnings in now from AmerisourceBergen.
The pharmaceutical company is reporting an adjusted profit of 69 cents a share that topped the estimates for 67 cents.
Revenue came in at 21 point five billion dollars that was -- Of the expected 21 point 69 billion.
We also -- and from Baxter International the health care companies reporting an adjusted profit of one dollar 26 cents a share matching the estimate dead on.
Revenue was almost a match at three point 75 billion dollars that was -- beat analysts were expecting three point 72 billion.
And shares of Netflix are surging more than 30%.
In the premarket after the company surprised investors with an unexpected fourth quarter profit.
After the bell Netflix said it earned thirteen cents a share that was welcome news since analysts were expecting a loss of thirteen cents.
Revenue climbed 8% from last year to 945.
Million dollars also topping expectations.
Netflix CEO Reed Hastings says the company -- tremendous growth over the holidays and brought in nearly four million new customers.
Here's a quick look at commodities oil and gold -- mixed Imus in the morning continues right now.
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