Following record FTC fine, Facebook stock pops on Q2 earnings beat

Following record FTC fine, Facebook stock pops on Q2 earnings beat

5 years ago
Anonymous $9jpehmcKty

https://techcrunch.com/2019/07/24/following-record-ftc-fine-facebook-stock-pops-on-q2-earnings-beat/

Hours after receiving a record $5 billion FTC fine on privacy violations, Facebook delivered a Q2 earnings beat with revenue of $16.9 billion with $1.99 adjusted EPS compared to the Zacks Consensus Estimate of $1.90 EPS on revenue of $16.45 billion.

Facebook reported it has 1.59 billion DAUs and 2.1 billion daily active users of its family of apps. The US & Canada and Asia-Pacific contingents continued to see nearly flat growth while the company saw quicker growth in its European and “Rest of World” sectors.

Following record FTC fine, Facebook stock pops on Q2 earnings beat

Jul 24, 2019, 9:48pm UTC
https://techcrunch.com/2019/07/24/following-record-ftc-fine-facebook-stock-pops-on-q2-earnings-beat/ > Hours after receiving a record $5 billion FTC fine on privacy violations, Facebook delivered a Q2 earnings beat with revenue of $16.9 billion with $1.99 adjusted EPS compared to the Zacks Consensus Estimate of $1.90 EPS on revenue of $16.45 billion. > Facebook reported it has 1.59 billion DAUs and 2.1 billion daily active users of its family of apps. The US & Canada and Asia-Pacific contingents continued to see nearly flat growth while the company saw quicker growth in its European and “Rest of World” sectors.