Home Știri Facebook earnings beat: $1.76 per share, vs. $1.47 expected EPS
Facebook earnings beat: $1.76 per share, vs. $1.47 expected EPS
Paul MaiorOct 30, 2018Știri
Facebook crushed analyst expectations on earnings per share during its latest earnings report, but fell short when it came to revenue, daily active user and monthly active user estaimtes.
The company reported its third-quarter earnings after bell on Tuesday:
- Earnings per share (EPS): $1.76 vs $1.47 estimated, per Refinitv
- Revenue: $13.73 billion vs. $13.78 billion estimated, per Refinitiv
- Estimated daily active users (DAUs): 1.49 billion vs. 1.51 billion estimated, according to FactSet and StreetAccount
- Monthly active users (MAUs): 2.27 billion vs. 2.29 billion estimated, according to FactSet and StreetAccount
- Average revenue per user: $6.09 vs. $6.09 estimated, per 2.29 billion, according to Street Account
Shares were down about 3 percent after the report.
Last quarter, Facebook advised it expected its revenue growth rates to decline as much as high single-digit percentages during the third and fourth quarter of this year because the company has invested more in its Stories product, which has lower ad rates, and other things like security and compliance with the EU’s GDPR data privacy law.
The company was also hit with a security breach last quarter that left more than 30 million user accounts vulnerable to unauthorized control. The issue, which was first reported in late September, exposed names, contact details and other personal information including gender, relationship status and recent locations.
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