Facebook Inc (FB) Stock Targets New Highs on Growthy Q2 Beat
Facebook Inc (FB) Stock Targets New Highs on Growthy Q2 Beat
Breaking: Needham Reiterates $185.0000 TP On Facebook Inc (NASDAQ:FB) Shares, Reiterates Their Original Buy Rating
27 July, 2017, 17:57
The world's largest social network reportedQ2 2017 earnings of $3.89 billion, or $1.41 per share, up 71 percent from $1.56 billion in the same period a year earlier and easily beating Wall Street expectations. Mobile ad revenue made up about 87% of ad revenue for the second quarter, a slight increase from 84% in last year's second quarter.
Last quarter Facebook an annual revenue increase of 49% year-on-year, this is compared to a 45% total revenue increase during the three months to June 30.
Zuckerberg's company faces increased competition from the likes of picture messaging appSnapchat, which said on Wednesday it had passed over one billion daily active users. "Our community is now two billion people and we're focusing on bringing the world closer together", said Facebook's founder and chief executive, Mark Zuckerberg.
Facebook doesn't disclose revenue numbers for Instagram, but the platform reached 700 million monthly active users in April.
The results sent the stock to a high of $173 in after-hours trading - up 5 percent from its closing price - scoring a record market cap of about $496 billion.
Facebook has not said how much of its revenue is attributable to its Instagram unit, though the photo-sharing app has become a greater focus of its business. Facebook will also have to learn how to better monetise video ads, since users watching videos may stay in one spot on the News Feed rather than scrolling past more ads. Operating margin was 47 percent last quarter, up from 41 percent in first quarter of 2017 and 42 percent in year-ago quarter. That 0.01 is just a measly 10 million people.
The Facebook Inc (NASDAQ:FB) growth story apparently has no end.
Trump keeps up 'public waterboarding' of Jeff Sessions
Sessions, however, has said he has no plans to resign. "I continue to support him as Attorney General of the United States". Press secretary Sean Spicer finally stepped down, and it looks like Attorney General Jeff Sessions may be soon to follow.
Out of the throne room, there is a shot of Varys and Melisandre (Carice van Houten ) stood on a cliff edge overlooking the sea . The Unsullied are also heading to Casterly Rock, with Grey Worm gearing up for a fight in some incredibly protective armour.
A smarter home space is a stated mission of iRobot's which believes its technology could be at the center of that future. And now, the company wants to share the data its collected from users homes (or dorm room ) with others.
SeaWorld has not collected a wild orca in almost 40 years, and most of its orcas were born in captivity. Tilikum, which sired 14 calves over almost 25 years in Orlando, died of bacterial pneumonia in January.
Packed with the new 360 camera Moto Mod feature, this Motorola smartphone will be available in the market starting August 10. Priced at $799, the Moto Z2 Force will be available in three color variants, including Black, White-Gold and Slate Gray.
People with the disorder experience problems with thinking and memory, mood disorders, and behavioral problems, Daneshvar said. While new methods for CTE diagnosis are in the works, "nothing is ready for prime time yet", he said.
Katie Ledecky suffered her first individual loss at a major global meet on Wednesday at the hands of Italy's Federica Pellegrini . Katie Ledecky has made history at the world championships, and she's not done yet. "This is my last 200 metres freestyle race".
We've talked about trying to win series. "It's no secret, I've been struggling swinging the bat lately", Segura said. "Never quit. Even with preparation, facing Sale, who leads the American League in wins, ERA and strikeouts (200) is no easy task.
After she and Marx divorced, she went on to marry Frank Sinatra who was previously married three times. The pair married in 1976 and were together for 22 years until his death on May 14 1998.
Rain chances will increase Thursday night
Savannah, Ga. (WJCL)- It's looking rather wet today with an upper level low pressure system tracking across the area today . A few showers will likely linger from time to time overnight, but the storm threat will likely diminish past sunset.
WhatsApp now boasts of 1 billion daily active users
Soon enough, the memes will be right: You'll have a "Stories" feature on your calculator , microwave, and every other device. The Facebook chief has also revealed that WhatsApp Status, its Snapchat Stories clone, has reached 250 million daily users.
Everson Griffen Signs Contract Extension
Teammate Brian Robison is tied with defensive tackle Henry Thomas for fifth on the list, at 56, and Williams is fourth (with 60). Bradford is coming off his first season in Purple in which he started 15 games and threw for a career-best 3,877 yards.
Manchester City 4-1 Real Madrid: 5 Talking points
Left-back Benjamin Mendy is the latest big-money recruit by Manchester City as manager Pep Guardiola restructures his defence. The 67th minute saw John Stones get on the scoresheet, with De Bruyne picking up his third assist of the match.
Newborn abandoned in North California parking lot
The child's mother also gave a statement to officers, but police said she is not considered a suspect at this time. Police said he'd been arrested last month on suspicion of burglary and possessing a firearm, among other charges.
Donald Trump blocks model Chrissy Teigen on Twitter
Recently, she changed her Twitter bio to " high-quality person " to mock Trump after he tried to defend his son with the title. Despite his actions, that has not stopped the star from trolling the president.
Adobe Is Killing Flash in 2020
But the mobile era is about low power devices, touch interfaces and open web standards - all areas where Flash falls short. Between then and now, however, Google will make enabling it on a site-by-site basis a more explicit process for the user.