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.

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