Facebook Stock Crashes after Earnings

Facebook Stock Crashes after Earnings

Facebook Stock beat on top and bottom lines, but the stock fell more than 7% on Wednesday after the company reported rising costs and expenses and a narrowing operating margin.

Here are the key numbers:

  • Earnings (EPS): $2.56 vs. $2.53 per share forecast by Refinitiv.
  • Revenue: $21.08 billion vs. $20.89 billion forecast by Refinitiv.
  • Daily active users (DAUs): 1.66 billion vs. 1.65 billion forecast by FactSet.
  • Monthly active users (DAUs): 2.5 billion vs. 2.5 billion forecast by FactSet.
  • Average revenue per user (ARPU): $8.52 vs. $8.38 forecast by FactSet.

Facebook’s full-year 2019 costs and expenses came in at $46.71 billion, up 51% compared to its total in 2018. That coincides with a drop in the company’s operating margin, which fell from 45% in 2018 to 34% in 2019.

Source: CNBC

Trending Articles

Uber says it will compensate drivers…

by

on

Uber says it will compensate drivers…

Apple price target raised to $400 at Deutsche Bank

by

on

Apple price target raised to $400 at Deutsche Bank

Stocks rally, yuan surges as investors bet on China revival

by

on

Yuan surges as investors bet on China revival

Nasdaq trades in record territory…

by

on

Nasdaq in record territory, techs rise, S&P 500 flips positive…