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July 25, 2018 09:20 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/TXYadicnVuU/facebook-shares-drop-on-revenue-miss
Facebook Shares Drop On Revenue Miss
Zorro shares a report from CNBC: Facebook missed projections on revenue and global daily active users this quarter after struggling with data leaks and fake news scandals. The company reported its second-quarter earnings after the bell on Wednesday. Shares were down as much as 10 percent. CNBC summarizes the results: Earnings per share: $1.74 vs. $1.72 per a Thomson Reuters consensus estimate Revenue: $13.23 billion vs. $13.36 billion per a Thomson Reuters consensus estimate Global daily active users (DAUs): 1.47 billion vs. 1.49 billion, according to a StreetAccount and FactSet estimate North American DAUs: 185 million vs. 185.4 million, according to a FactSet estimate European DAUs: 279 million vs. 279.4 million, according to a FactSet estimate Average revenue per user (ARPU): $5.97 vs. $5.95, according to a StreetAccount and FactSet estimateRead more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/TXYadicnVuU/facebook-shares-drop-on-revenue-miss
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