Facebook Earnings Call Disaster Reminds Investors of Deadly Investing Mistakes
To all hardcore Facebook (FB) bulls suddenly 19% lighter in the digital pocket following a disastrous second quarter earnings call Wednesday night: let this be a series of life-changing investing lessons. When was the last time you spent time on Facebook engaging with a high school friend? Facebook's management, which in my view telegraphed its awful earnings call, used the specter of a mixed second quarter earnings season to hit the reset button with Wall Street. Even under pressure, FB producing impressive growth (30%+ Revenue & 25%+ EBITDA growth in '18E); and 6. TheStreet's @AnnieGaus talked with PayPal's (PYPL) COO Bill Ready after earnings Wednesday night about the quarter and M&A.
Facebook Shares Pounded on Revenue Miss, Guidance -- Earnings Live Blog Recap
furthermore Facebook Inc. (FB) investors gave a huge thumbs-down to the company's second-quarter earnings report and guidance. The social network beat earnings estimates but missed on revenues, the first time it's missed quarterly sales estimates since 2015. Facebook reported revenues of $13.23 billion vs. expectations of $13.34 billion, while GAAP EPS of $1.74 topped estimates of $1.71. Shares were initially down about 9% after hours following the report's release, but the losses accelerated as the company's earnings call proceeded. TheStreet's tech columnist, Eric Jhonsa, and Jeff Marks and Zev Fima, analysts with Jim Cramer's Action Alerts Plus portfolio, which owns Facebook, live blogged the company's earnings report and call with analysts.
Facebook Earnings Call Disaster Reminds Investors of Deadly Investing Mistakes
To all hardcore Facebook (FB) bulls suddenly 19% lighter in the digital pocket following a disastrous second quarter earnings call Wednesday night: let this be a series of life-changing investing lessons. When was the last time you spent time on Facebook engaging with a high school friend? Facebook's management, which in my view telegraphed its awful earnings call, used the specter of a mixed second quarter earnings season to hit the reset button with Wall Street. Even under pressure, FB producing impressive growth (30%+ Revenue & 25%+ EBITDA growth in '18E); and 6. TheStreet's @AnnieGaus talked with PayPal's (PYPL) COO Bill Ready after earnings Wednesday night about the quarter and M&A.
as informed in Facebook Inc. (FB) investors gave a huge thumbs-down to the company's second-quarter earnings report and guidance. The social network beat earnings estimates but missed on revenues, the first time it's missed quarterly sales estimates since 2015. Facebook reported revenues of $13.23 billion vs. expectations of $13.34 billion, while GAAP EPS of $1.74 topped estimates of $1.71. Shares were initially down about 9% after hours following the report's release, but the losses accelerated as the company's earnings call proceeded. TheStreet's tech columnist, Eric Jhonsa, and Jeff Marks and Zev Fima, analysts with Jim Cramer's Action Alerts Plus portfolio, which owns Facebook, live blogged the company's earnings report and call with analysts.
Facebook Shares Pounded on Revenue Miss, Guidance -- Earnings Live Blog Recap
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