Somewhat obscured behind big earnings news from Apple and Amazon, Facebook posted big numbers exceeding analyst projections on both the top and bottom lines
Jay Soloff
Argonath Financial
Somewhat obscured behind big earnings news from Apple and Amazon, Facebook posted big numbers exceeding analyst projections on both the top and bottom lines. The company generated $2.5 billion in revenues and adjusted earnings of $0.34 per share. Analysts had projected $2.36 billion in revenue and $0.24 a share in profits. The world's largest social network also gained 50 million new monthly active users, with a grand total of 1.28 billion users. Perhaps most importantly, mobile ads now generate 60% of FB's total ad revenues. In fact, monthly mobile active users crossed over the key 1 billion mark during the quarter. It will be interesting to see what the company does in the coming months with acquisitions of WhatsApp and Oculus VR. (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 maker on the floor of the CBOE, as a consultant on Wall Street, and as a senior analyst at a multi-strategy hedge fund. You can visit my website at www.argonathfinancial.com.
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Jay Soloff
Research Analyst
Argonath Financial
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
Jay Soloff
Research Analyst
Argonath Financial
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
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