Media
Facebook Keeps Earnings Growth Coming, Share Price Follows
Published:
Last Updated:
Facebook investors are liking what they see this afternoon. We have broken out the main metrics that will drive most of the conversation on Thursday. The highlights are continued user growth, mobile ad growth, total revenue and income growth, solid cash balances, and more. Here are some highlights:
The fact that mobile advertising now accounts for essentially half of Facebook’s ad revenues is really the remarkable figure here. That and the fact that 728 million people a day look at their Facebook page.
Facebook’s shares closed down 0.8% at $49.01 on Wednesday, against a 52-week trading range of $18.87 to $54.83. The reaction in the after-hours has shares up more than 11% at $54.59. Thomson Reuters had a consensus price target of about $54.60 before today’s results.
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.