Facebook earnings beat but the company warns of impact from Apple privacy changes

Finance

Mark Zuckerberg, chief executive officer and founder of Facebook Inc., arrives for a House Financial Services Committee hearing in Washington, D.C., U.S., on Wednesday, Oct. 23, 2019.

Andrew Harrer | Bloomberg | Getty Images

Facebook stock was down in after-hours trading on Wednesday after the company reported its fourth-quarter earnings.

Here are the numbers:

  • Earnings: $3.88 per share vs $3.22 per share forecast by Refinitiv
  • Revenue: $28.07 billion vs $26.44 billion forecast by Refinitiv
  • Daily active users (DAUs): 1.84 billion vs 1.83 billion forecast by FactSet
  • Monthly active users (MAUs): 2.8 billion vs 2.76 billion forecast by FactSet

The company announced a repurchase of up to an additional $25 billion of Facebook stock.

Nominations are open for the 2021 CNBC Disruptor 50, a list of private start-ups using breakthrough technology to become the next generation of great public companies. Submit by Friday, Feb. 12, at 3 pm EST.

Articles You May Like

NZD/USD Price Analysis: Pair gets rejected again by the 20-day SMA, more downside on the horizon
Monday morning open levels – indicative forex prices – 11 November 2024
Annual inflation rate hit 2.6% in October, meeting expectations
These 9 smallcap stocks hit fresh 52-week highs, rallied up to 115% in a month
Pinterest stock plunges following weak Q4 revenue guidance

Leave a Reply

Your email address will not be published. Required fields are marked *