Big news today from the social media realm, with Facebook (FB) blowing away earnings expectations
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Argonath Financial
Big news today from the social media realm, with Facebook (FB) blowing away earnings expectations. The social media giant is up nearly 15% as of this writing. Investors are clearly thrilled with the company's transition to a mobile first company. Mobile ad revenue accounted for 53% of total revenues, up from 49% in the prior quarter. Meanwhile, monthly mobile users climbed to 945 million, an impressive 39% gain from the same quarter last year. Overall, total users numbered 1.23 billion worldwide, with a whopping 757 million daily users - 556 of those being mobile daily users. FB's revenues came in at $2.59 billion with adjusted earnings of $0.31 per share. Analysts had projected $2.35 billion and $0.27. Basically, FB continues to show strong growth and a praiseworthy ability to monetize its massive user base. (VIEW LINK)
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I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
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I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
Expertise
No areas of expertise