Facebook reports Q4 earnings of $3.56 billion on revenue of $9.32 billion

Thursday, 27 Jul, 2017

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, May 3rd.

Most of the Wall Street is bullish on the stock's future.

Facebook shares rose nearly 4% in after-hours trading on Wednesday, on top of what was already a near all-time high closing price during regular trading.

For a company built on the motto, "Move fast and break things", Facebook isn't moving fast enough on monetizing its messaging apps, CEO Mark Zuckerberg said on Wednesday.

Analysts expect CVS Health Corporation (NYSE:CVS) to report ${2} EPS and has got OUTPERFORM rating from {11} of Thomson Reuters analysts and {21} analyst (s) given UNDERPERFORM rating.

"We're focused on growing the user base, first and foremost, and then, secondly, it's about building organic connections between businesses and consumers", Wehner said. Expenses could grow as Facebook continues to invest in areas like video. Though the growth rate was down from the 49% revenue growth Facebook posted in Q2, the social network's total revenue of $9.3 billion exceeded analysts' consensus estimate for revenue of $9.2 billion.

"They're killing it on mobile". Such are the rounding errors when dealing with Facebook.

Facebook and Alphabet Inc own half of the online advertising market worldwide, and Facebook's revenue growth this quarter outshone the owner of YouTube and Google. Facebook shares revenue from those ads with publishers. The Company's products include Facebook, Instagram, Messenger, WhatsApp and Oculus.

There is a catch, however, and it's this: growth is slowing as Facebook runs out of spots to put ads in the News Feed.

ILLEGAL ACTIVITY WARNING: "Facebook's (NASDAQ:FB) "Outperform" Rating Reaffirmed at William Blair" was first reported by BNB Daily and is owned by of BNB Daily. That's right - they think these 10 stocks are even better buys. Instagram has added features similar to Snapchat's and Snap's stock on Wednesday closed at an all-time low of $13.40.

The social media firm had 132 daily active users on average during June, marking a 17% increase year over year.

Zuckerberg was cautious in the call with analysts, and said there are still real questions about making video work.

However, Zuckerberg said that "the really big improvement" from AI will be when algorithms can know what content you'll be interested in, from all over the web, rather than just relying on your social network and "liked" pages to surface articles and videos that interest you.

Facebook Q2 2017 earnings revealed ad revenue of $9.16 billion, up 47% from $6.2 billion in last year's second quarter. Facebook recently hit the incredibly impressive 2 billion user mark.