Facebook Posts Strong Earnings, Revenue Growth

Date : 07/24/2019 @ 9:52PM
Source : Dow Jones News
Stock : Facebook Inc (FB)
Quote : 188.14  0.0 (0.00%) @ 2:19PM

Facebook Posts Strong Earnings, Revenue Growth

Facebook (NASDAQ:FB)
Historical Stock Chart

2 Months : From Jul 2019 to Sep 2019

Click Here for more Facebook Charts.
By Jeff Horwitz 

Facebook Inc. pushed past a record-setting privacy fine in the second quarter, posting strong earnings that show the resilience of its social-media empire despite persistent negative headlines.

The tech giant recorded $16.9 billion in revenue, up 28% from a year ago. The company posted $2.6 billion in profit, or $0.91 a share, reflecting a one-time $2 billion charge as part of its $5 billion settlement with the Federal Trade Commission and an accounting change regarding tax deductions for stock-based compensation. Without those two charges, the company would have earned $1.99 a share, beating analysts' expectations of $1.88.

 

(END) Dow Jones Newswires

July 24, 2019 16:37 ET (20:37 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Latest FB Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.