Facebook shares are skyrocketing after a massive earnings beat, despite a year full of controversy
https://www.cnbc.com/2019/01/31/facebook-stock-rises-on-strong-q4-2018-earnings.html
Facebook skyrocketed more than 13 percent Thursday morning after beating analyst expectations on revenue and earnings for its fourth quarter 2018. Its market value jumped about $57 billion.
The strong report showed Facebook continued to grow users and revenue in all of its key regions despite numerous privacy scandals that caused widespread consumer backlash throughout the year. Facebook reported earnings of $2.38 per share on revenue of $16.91 billion, easily topping analyst predictions of $2.19 per share on revenue of $16.39 billion, per Refinitiv consensus estimates.
Facebook shares are skyrocketing after a massive earnings beat, despite a year full of controversy
Jan 31, 2019, 4:36pm UTC
https://www.cnbc.com/2019/01/31/facebook-stock-rises-on-strong-q4-2018-earnings.html
> Facebook skyrocketed more than 13 percent Thursday morning after beating analyst expectations on revenue and earnings for its fourth quarter 2018. Its market value jumped about $57 billion.
> The strong report showed Facebook continued to grow users and revenue in all of its key regions despite numerous privacy scandals that caused widespread consumer backlash throughout the year. Facebook reported earnings of $2.38 per share on revenue of $16.91 billion, easily topping analyst predictions of $2.19 per share on revenue of $16.39 billion, per Refinitiv consensus estimates.