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In non-earnings news, folks are starting to think that the hackers who breached the Democratic National Committee may have been connected to the Russian government, which brings us full circle to the plot of "The Americans" on FX.
But there's definitely something odd about how little investors are willing to pay for a dollar of Apple's earnings, or Google's earnings, relative to what they're willing to pay for a dollar of FB's earnings (or a non-dollar of other social-networking companies' non-earnings).
We also find that neither the discontinuity nor its disappearance require the effects of widely cited alternative (non-earnings management) explanations for the zero-earnings discontinuity.
One theory floating about is that the big banks want to get their earnings (or non-earnings) reports out of the way before the government announces the next round of TARP payments.
A bit of non-earnings related news: Wal-Mart Stores said it is taking its reduced-price generic drug plan to over half the states in the U.S. The world's biggest retailer said it will extend its $4 generic prescription drug plan to another 12 states, bringing the total to 27 states.
The transaction is expected to be accretive to NXP non-GAAP earnings and non-GAAP free cash flow.
The company reported $713 million in non-GAAP revenue and non-GAAP earnings per share of $0.12.
In the sequentially preceding quarter, Google earned $6.08 in non-GAAP earnings per share, on ex-TAC revenue of $12.67 billion.
Both figures were ahead of the street's expectations of $699 in non-GAAP revenue, and $0.10 in non-GAAP earnings.
The company reported non-GAAP revenue of $23.6 billion and non-GAAP earnings per share of $0.73.
For the period, Pandora had non-GAAP revenue of $200.8 million, and non-GAAP earnings per share (diluted) of $0.11.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com