Apple and Facebook have a better chance than Amazon of beating earnings expectations
Amazon, which reports Thursday, has a spottier record, beating earnings estimates only 62 percent of the time. Apple has a solid track record of beating earnings estimates and has done so 88 percent of the time and beat on sales 77 percent of the time. Facebook, which releases its fourth-quarter numbers on Wednesday, averages a 2.8 percent gain on the day after it reports earnings. Bespoke said in terms of sales, Facebook has an 88 percent beat rate. It missed estimates in the last two quarters, but before that, it had only missed sales estimates once.
Trust trumps money for Facebook with earnings due
furthermore Winning back trust is seen as the key priority for Facebook as the world's biggest social network readies its update on the final months of 2018 on Wednesday. Facebook so far has been able to keep revenue momentum thanks to its unique advertising model. Its global user base has risen to more than 2.2 billion, although growth has stalled in North America and Europe. In the quarter that ended in September, Facebook saw a profit of $5.14 billion on revenue that leaped 33 percent to $13.7 billion. But analysts say the trust issue is key for Facebook if it wants to move forward on its mission to connect the world.
Apple and Facebook have a better chance than Amazon of beating earnings expectations
Amazon, which reports Thursday, has a spottier record, beating earnings estimates only 62 percent of the time. Apple has a solid track record of beating earnings estimates and has done so 88 percent of the time and beat on sales 77 percent of the time. Facebook, which releases its fourth-quarter numbers on Wednesday, averages a 2.8 percent gain on the day after it reports earnings. Bespoke said in terms of sales, Facebook has an 88 percent beat rate. It missed estimates in the last two quarters, but before that, it had only missed sales estimates once.
As it stated in Winning back trust is seen as the key priority for Facebook as the world's biggest social network readies its update on the final months of 2018 on Wednesday. Facebook so far has been able to keep revenue momentum thanks to its unique advertising model. Its global user base has risen to more than 2.2 billion, although growth has stalled in North America and Europe. In the quarter that ended in September, Facebook saw a profit of $5.14 billion on revenue that leaped 33 percent to $13.7 billion. But analysts say the trust issue is key for Facebook if it wants to move forward on its mission to connect the world.
Trust trumps money for Facebook with earnings due
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