Service from last quarter. Also in focus any update on twitters ceo search and of course guidance on upcoming quarters when the Company Expects its product overhaul and when it expects that to help start adding user at a faster rate. Back over to you. Thanks so much Julia Boorstin. Whats our reaction to twitter . Its this whole mausms user growth quality which is really in question right now. To use your term its interpret meh. We could see the stock unchanged. Rallied 5 . Sentiment was poor. I dont think expectations were particularly high. But those two numbers right there, thats the problem here. That audience isnt growing and until it starts seeing some real growth there advertisers just theres other places to go with much bigger audiences. Listen, im long the stock. Im sticking with it. I think theres a certain scarcity value about the product here. But a lot of things have to go right over the next few months especially in a market environment where internet stocks, and this is a 22 billion market cap are going crazy. Ones that are ten times greater in value. So to me im pretty unimpressed right here. Isnt the bar kind of low and its a headline away from saying weve got a new ceo, bam, catalyst in the stock. Exactly right. And i think when youre looking at twitter right now one of the things that stuck out for me is how well theyre doing in mobile. The negative certainly is the maus. Its not impressive at all. But its about what everybody expected. When you look at mobile, now its 88 of the ad revenue. Thats pretty impressive. And i like that number. And i think thats what people are grasping to right now because trying to figure out how are they going to monetize and theyre actually showing us how theyre going to monetize, different ways but this is one of them and theyve got to work on mobile very similar to what we did a couple years ago talking about facebook. Could they get mobile . Were they able to monetize it . Its exactly what they did. Well continue trading twitter here. We want to bring in suntrusts bob peck has a neutral rating on the stock 40 price target to get his take on the quarter. Bob give us some colors to the quality of sms versus regular monthly active users, why people are so freaked out about this number. Yeah, so the core numbers there, they did about 304 million core. We were looking for 302. They finished last quarter around 302. Really not seeing much growth there. And particularly in the u. S. You saw no growth as well. Obviously one of the big problems with the company is can they introduce new products to increase user growth as well as User Engagement . The monetization looked good. The q3 guide was sort of weak and actually for the full year guidance which was raised slightly really didnt take the carry thru from the quarter. Thats sort of down slightly in the back half of the year as well. But in terms of the quality of smsonly users versus regular active monthly users, give us an idea of how much of a lesser quality sms users are. So those types of users are typically feature phones typically based in india, much more difficult to advertise to much less data there to target. So they havent given an exact ratio as far as what the percent monetization is to a typical user but its something much much less. We just dont know the number right now. So bob, dan started off the show saying a lot has to go right with the stock. But a lot went wrong with this stock to get it where it is now. The fact that maus are where theyre at the fact we didnt see a bigger slippage is that positive for you . Is this basically a kitchen sink enough for you to dive back into this stock . I know you that guys obviously have a rating on it already. But is this the place where you say okay the bad news is all out . We already know all the unknowns we think are out there. I think what youre seeing in the reaction so far is its not as bad as feared. For us what we want to see is some of the traction on the products some of the traction on the monetization and see if they can actually grow this user base and that it can be a 500 million going to a billionuser marketplace or if its going to be more of a niche around 300 million or so. Bob, who would you like to see in the ceo role . Its a great question. Right now i think its between jack dorsey and adam bane. Weve said publicly and written in our notes we think adam bane would be a fantastic candidate. We think whoever does do it though, its a fulltime role. And i think the Search Committee has also said they wont take a parttime ceo here. So our favorite right now is adam bane. Well talk on bob peck a little later on in the hour. Meantime we have an earnings alert on panera. Its report just out. Lets get to dom chu at headquarters. What we have is a stock thats up about 3 1 2 on 20,000 shares of volume after hours. Relatively light trade. Well put that out there right now. Earnings per share coming in at 1. 61. That misses the average analysts estimate of 1. 63. Also sales coming in slightly below. 677 million. Estimates were for 679 million. Comparable store sales for companyowned stores up by 2. 4 . Thats smack in line with analysts estimates as well. Also the company saying that its fullyear guidance remains the same as it has been. So reiterating its fullyear guidance for earnings as well. Thats apparently not moving the stock very much. But were going to take a look also at systemwise Comparable Store sales. Coming in at 1. 8 in terms of a gain. Analysts were looking for on average a 2. 2 gain. So if you factor in companyowned stores as well as those that are franchised the total Comparable Store sales is up 1. 8 . Analysts were looking for 2. 2 . Nonetheless, youve got a stock that again we are showing some signs of life here. Panera the last trade that were seeing up about almost 7 now on 33,000 shares worth of volume. Well keep an eye on this bring you more details but for right now it seems like generally a miss on the bottom and top lines, a reiteration of the guidance but the stock is up 7 . Back over to you. Dom chu, thank you. What is this Short Covering rally . Whats going on here . Reminds me a little of chipotle too. It made a new alltime high after that report or butted up against it. But these are companies, or these are stocks that are trading at 30 times earnings and theres not a whole heck of a lot of growth here at panera. I dont see it but breakouts are happening in this market. Bit of an optimistic lead to this. Panera 2. 0. Its lagged the restaurant group. It operates in three segments. Theyre doing an overall in their biggest segment which is the restaurant group. Its probably 65,000 to rehaul each of those locations. So theyre saying this could be a catchup trade. The market seems to believe it at this point. More on panera ahead. We saw a broad rally in the markets. More than 1 gains in the dow and s p 500. That is the backdrop of all these Earnings Reports. Really positive and what was remarkable about this rally was that it was driven by the beatendown sectors. Does that make it less convincing to you . No. I think what stood out for me today was ups. Of all the names that reported i think that name stood out and i think the International Segment really surprised people and the strength there and that was up 17 . There was a lot of reasons i think early on. Then we saw oil turn and we talked about this last night. We were talking about how technically this set up very nicely when you look at the s p bouncing off the 200day. We looked at the health care names. Then you get merck and pfizer and that didnt hurt today as well. But those names hitting off the 50day. Then you look over and see other areas, financials bouncing on the 50day. A lot of technicals working in their favor today but i think ups really did give that extra fuel to the fire. I get that but look at energy. Energy stocks up almost 3 . Material stocks up 2 . Yet the airlines were rocking these are stocks trading with not good. Into the session. I think it was somewhat of a relief rally. I wanted to see a tuesday where the market comes in, sells off, and then trades up. That is a much more i think solid base than coming in with it higher. So that actually did happen. We did start to sell off. That Consumer Confidence number was actually surprisingly weak. I dont know if that gives the fed cover to wait. I dont know. But were just back to where we were five or six days ago. It does give the rally less credence when you started off with pete when you see Energy Materials and industrials freeportmcmoran, right . Recouping i think those names do stand out to me. Absolutely. I just think guys use this out of the clients that i cover, these were pension funds, mutual funds, hedge funds, they were using this pop to sell. They dont were still in rangebound market. As to petes point. We did bounce off that 200day pretty convincingly. But to me nothing has changed. You should be selling the pops. And i just think the underperformers today from the s p to the russell and to the nasdaq was notable. It was like 30 bips or Something Like that. So you know i dont think this market can break out if it doesnt have the leaders of the nasdaq 100 and that underperformance today is interesting. So in the s p when you get to 2100 thats going to be your tell. If we fade we really are in this 2050 20100 until theres some event that breaks us one way or the other. We mentioned commodities. Be sure to tune in to the Halftime Report tomorrow 12 30 p. M. Eastern time Goldman Sachss global head of Commodities Research jeff currie will join scott live. Thats tomorrow 12 30 p. M. Eastern time. As we head to the break, take a look at two other big afterhours movers. Very different stories. Gilead popping on earnings and yelp getting taken to the woodshed. The latest from both those Conference Calls. How to profit off it after hours, straight ahead. Welcome back to fast money. Im meg tirrell. Check out gilead. The shares trading up after hours after a big beat on both the top and bottom line. The company in the midst of its Conference Call right now. Hepatitis c numbers that really showed a big beat in the quarter. The company saying it has 90 market share in hepatitis c right now. 470,000 patients wofrldwide have been treated with either harveoni or civaldi. The company also saying the hepatitis c market right now looks to be in the early days. However, it is saying that some patients arent getting their prescriptions filled because theyre having trouble with reimbursement. The company just saying that some patients are taking legal action against their insurers for not getting coverage. Thats very interesting on the hepatitis c front. Of course theres a lot of questions on the call about m a. Whats the Company Going to do . Theyre not giving a lot of guidance there but saying they have the capacity to do either smaller deals or larger more transformative ones. Well keep listening, bring you any more updates. Meg, you mentioned 90 market share for hep c for gilead. What was the previous is this a sequential build on market share . If so who do you think theyre taking share from . Hey, mel. Im not actually sure what it was in the first quarter. I can look up those numbers for you. However, i dont think abbvie has necessarily been gaining much ground on gilead. It did come into the market after gilead did. So gilead a big lead on maintaining that big lead. All right. Meg tirrell. Thanks a lot. Thanks. For gilead its interesting because a lot of analysts are saying oh the hep c franchise its slowing. Weve got the abbvie numbers last week that showed hep c numbers were disappointing and here we are. Bam. Bam. And this is the Second Quarter in a row at least where theyve had really really great numbers. Across the board, though. It wasnt just there at hep c. And i feel like gilead its up nicely. It was up a few points today. But i think it should be up more. This happened last time they reported. Very big numbers. The stock was up a few bucks and then a week or two after that started to really really move. Well see the iub up tomorrow. Gilead is a member there. But every company is coming out like a gilead like a pfizer saying weve got to do deals, well find the right deal. Theyre all going to be disciplined but theyve all got to do deals. But amgen was up 5 . One of the biggest names on takeover spec. It seems a bit frothy here. I know you guys talk about valuation and you talk about a company that has 90 market share in hep c as gilead has here. But if you look at consensus estimates for next year for earnings and sales, theyre basically flat. So you have a stock trading ten times that. And this is a defensive sector. We get it. Theyre very cyclical based on these product cycles. We know this is a stock that sold off 20 in december when all of those fears about pricing were around. So to me i know it bounced off 100 last year and went straight to 120. Here you are in the midpoint here. Youre going to have the stock butting up against 120 again. I dont think you play it for a breakout right here. I do disagree because its so shareholder friendly, when you look at them theyve shrunk the share count 7 in the last five years. Now you have 10 billion. Theyre going to shrink it even more over time. When you look at the growth and, by the way the hep c, now that theyre approved in japan as well thats going to open up even more for them. This is a company that i think is not just about hep c. They still have the hiv as well. But if they do an acquisition, theyve still got plenty of cash in the oncology world. The multiple trading ten times forward. But consensus estimates are calling for flat growth year over year. Tell me where that acquisition is and where the growth comes from. And thats what a lot of us are holding on is with that cash are they going to make an acquisition . Earnings alert on akamai which is getting crushed in the after hours. Dom chus got the details. Dom. Just to give you an update, were watching closely fwautsz down 10 on over half a million shares of trading volume. This after the Company Reports its earnings and sales. The earnings come in at 57 cents a share. That narrowly misses analysts estimates. Revenues come in slightly better. 541 million. Analysts were looking for 540 million. But heres the thing. On the Conference Call they gave weak Sales Guidance for the current quarter, q3 and thats whats really taking down this stock in the afterhours session. Remember, these are shares up about 17 just so far year to date. Up about 24 over the past 12 months. So a little bit of optimism perhaps built into these shares. But its down big. This is the company that has a lot of these cdns or content Delivery Network services. Basically in jargon in layman speak, it makes companies deliver internet content faster. Its a Cloud Computing company. Back over to you. Dom chu, thanks so much. Steve grasso. It makes Internet Companies deliver their online content faster. 15 to 30 of what traffics through the internet pipes. Youre always shocked, maybe theres a ramp going on, maybe theyre getting set up its in the news theyre getting set up for apple tv streaming. So maybe there was a spend on that side. Im a little shocked at the sales but this stock does not spend a lot of time below its 200day moving average. Its below it now. I would use the threeday rules in effect but i would use it as a buying opportunity. I agree. You can understand a little bit of the selling because of the fact that with the weak guidance suddenly everybody says you know, what weve had a great run, 17 , lets take a little bit off. I think youre right, though. This does create an opportunity. You dont have to do it tomorrow. You give it a couple days. As we head to break take another look at twitter still higher but backing off its gains in the afterhours session. Well hear from interim Ceo Jack Dorsey and cfo anthony noto later on in the hour. In the meantime heres whats coming up on fast. Announcer its not just twitter and yelp dominating the headlines tonight. A slew of other big movers hitting the tape. And one of them could be signaling trouble in the economy. Well tell you which one. Plus facebook out with results tomorrow. And theres only one thing that matters to traders. Well reveal when fast returns. A chance to try something different. This summer, challenge your preconceptions and experience a cadillac for yourself. Take advantage of our summer offers. Lease select cts models in stock the longest for around 399 per month. The wild ride continues for twitter in the afterhours session. Looks like we are at afterhours session lows now down more than 4 . Looks like we could be breaking the 35 level. Lets get back to suntrusts bob peck for his reaction. What happened . A big part of the after call was growth in maus. The cfo says they have yet to prove why someone should use twitter. This is going to take a considerable amount of time and they dont look for maus to grow in 2015. Daily usage is also down fewer users, using it less, and then lastly he added on that advertiser demand remains weaker than supply they have. So dont look for that to take off in the second half of the year either. Advertiser demand remains weaker which would imply advertising revenue would remain weaker as well . Exactly right. Then ultimately its about the engagements. If you dont grow the users and dont grow their engagement you therefore cant monetize and looks like 2015 will be a tough year to grow users. Bob, well check in with you a bit later. Thanks for the color on that. Again, twitter afterhours session lows on comments about flat growth pretty much and m. A. U. S for the rest of the year. Meantime also following yelp tanking on an earnings miss. Josh lipton has been listening in on the call from san francisco. Josh. Melissa yelp with that surprise Second Quarter loss. Also lowering that full year revenue guide. But on the call Jeremy Stoppelman trying to sound a note of optimism of confidence talking about the road ahead. Take a listen. We will wrap up our Marketing Efforts and expect to spend approximately 20 million of that 30 million in the third and fourth quarters of this year. Our