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Shares of FaceBook are higher premarket trading this morning after the -- second quarter results easily beat analyst estimate they spoke earned an.
Adjusted nineteen cents a share in nickel more than expected revenue soared 53% from last year one point 81 billion dollars also topping the forecast.
The results show that Facebook's aggressive pushing a mobile advertising continues to pay off with mobile ads accounting for 41%.
Of the company's total advertising revenue.
We are getting earnings this morning from Xerox the business services companies reporting an adjusted profit of 27 cents.
Beating the earnings estimate of 24 cents.
Revenue is five point five billion needing the estimates of five point five million dollars.
Xerox also notes in their earnings report they expect to reduction in headcount.
Of approximately 300 employees primarily in Europe.
Checking the markets now here in the US futures are pointing to a lower opening.
Over in Europe UK GDP for the second quarter came -- -- six tenths of a percent.
It was up one point 4% year over year which is the strongest expansion since the first quarter of 2011.
Also German business confidence rose further this month for a third straight monthly increase stocks there are also not -- We're also getting earnings from Hershey the chocolate maker is reporting an adjusted profit of seven -- cents.
Beating the 71 cents earnings back estimate there and revenue pointing to one point -- one billion dollars which is a match.
Now let's take a closer look at what's moving the European markets with.
Bill who barred.
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