Company News: Facebook’s (FB) Q2 earnings beat analysts’ estimate

Market news

26 July 2018

Company News: Facebook’s (FB) Q2 earnings beat analysts’ estimate

Facebook (FB) reported Q2 FY 2018 earnings of $1.74 per share (versus $1.32 in Q2 FY 2017), beating analysts' consensus estimate of $1.70.

The company's quarterly revenues amounted to $13.231 bln (+41.9% y/y), slightly missing analysts' consensus estimate of $13.346 bln.

The company also projected "high single digit" revenues growth declaration q/q in Q3 and in Q4.

FB fell to $178.14 (-18.1%) in pre-market trading.

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