Facebook (FB) is out with fourth quarter earnings and it is a beat across the board.
Here are the highlights:
Here is a quick snapshot of what investors were looking for from the social media giant:
In after hours trade, shares of the company were up about 3%. In a statement, Facebook CEO Mark Zuckerberg said, “Our mission to connect the world is more important now than ever. Our business did well in 2016, but we have a lot of work ahead to help bring people together.”
Here are the charts from the company with some of its key metrics:
In a note out ahead of Facebook’s report, Deutsche Bank analysts said that the tone on the company’s earnings call would matter more than the company’s results.
Last quarter, Facebook said that 2017 was be an “aggressive” investment year for the company. The company also said last quarter that its News Feed was nearly saturated with ads.
Facebook has been under fire for the role it played in the election, particularly over the spreading of fake news, and has undertaken a number of initiatives to tighten procedures on its platform, including announcing the Facebook Journalism Project in January.
The history says: that options markets had been anticipating a roughly 6% swing on this news, and shares of the company had risen after 7 of its previous 12 earnings announcements. Facebook’s adjusted earnings per share have now topped estimates in each of the last 13 quarters.
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.