Watch Facebook Shares Plummet After Missing Estimates Financial News Video

19 sec read

“Facebook, Inc. (Nasdaq: FB) reported second-quarter earnings after the bell on Wednesday, beating on earnings but narrowly missing on revenue and user counts. FB stock fell more than 7 percent in after-hours trading.

“Facebook earnings by the numbers. The social media giant reported earnings per share of $1.74, beating Wall Street consensus estimates for $1.72.

“Revenue came in at $13.23 billion in the second quarter, barely missing the $13.36 billion analysts expected.

“But perhaps the numbers most FB shareholders were watching involved monthly active users (MAUs) and daily active users (DAUs).”

Read more at US News Money


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