Facebook Earnings Disappoint, Stock Off 7% In Late Trade
Facebook reported fourth-quarter revenue of $21.08 billion, up 25% from the year earlier and above Wall Street expectations of $20.8 billion. Advertising revenue, the bulk of it, also surged 25% also to $20.7 billion Earnings per share rose to $2.58 from $2.36. Shares were down more than 7% in after hours trading as earnings lagged estimates.
News story posted on 2020-01-30T05:27:00.0000000Z
