What to Expect From Facebook Earnings

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  • #17473
    Super Harley

    Social media beast Facebook report second quarter earnings…



    Ahead of earnings 7/25/18 BMO Capital Maintains $FB Market Perform With $210.0 Profit Target


    Another 10% swipe off a MOMO stock isn’t encouraging

    From earlier :

    China has quietly withdrawn its approval for Facebook to open a subsidiary in the country, only hours after an online database showed that it had been approved, the New York Times reported on Wednesday. Facebook had planned to open an innovation hub in the eastern province of Zhejiang to support local developers, startups and innovators.

    For a few hours on Wednesday, a Chinese government database showed that the company had gained approval for the venture. But by midday, the registration had disappeared. A person familiar with the matter, who declined to be named, told the Times that the approval was withdrawn. Facebook did not respond to requests for comment. – Reuters


    [color=red]Facebook plunges more than 24 percent

    [size=5] on revenue miss and projected slowdown
    Earnings per share: $1.74 vs. $1.72 per a Thomson Reuters consensus estimate
    Revenue: $13.23 billion vs. $13.36 billion per a Thomson Reuters consensus estimate
    Global daily active users (DAUs): 1.47 billion vs. 1.49 billion, according to a StreetAccount and FactSet estimate



    Facebook deadcat not doing so good

    Facebook Inc NASDAQ: FB · July 27, 11:54 AM EDT
    175.87 ▼ 0.40 (0.23%) after 179.93

    #blametwitter 🙂


    Facebook Inc. (NASDAQ: FB) maintained as Buy BUT target price cut to $185 from $200 at Citigroup. Shares closed at $153.52 ahead with a 52-week range of $149.02 to $218.62.

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