Facebook Swings Wildly After Revenue Miss, Poor Guidance But Announces $50BN Buyback.
A quick look at market expectations: Facebook is is expected to report Q3 EPS of $3.19 on revenue of $29.45 billion, which would amount to growth of 37%, a drop from the 56% Y/Y growth in Q2, which however lapped a quarter heavily impacted by Covid lockdowns.
Analysts also are not expecting much user growth sequentially. Estimates for Facebook’s daily and monthly active user totals for its “family” of apps are the same as they were the previous quarter.
Realizing that earnings may be frowned upon, Facebook also bought back more than $14 billion worth of shares in the third quarter and has approved $50 billion more in buybacks, as well.
Facebook, Weekly chart, Fibo Levels.
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and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
A quick look at market expectations: Facebook is is expected to report Q3 EPS of $3.19 on revenue of $29.45 billion, which would amount to growth of 37%, a drop from the 56% Y/Y growth in Q2, which however lapped a quarter heavily impacted by Covid lockdowns.
Analysts also are not expecting much user growth sequentially. Estimates for Facebook’s daily and monthly active user totals for its “family” of apps are the same as they were the previous quarter.
Realizing that earnings may be frowned upon, Facebook also bought back more than $14 billion worth of shares in the third quarter and has approved $50 billion more in buybacks, as well.
Facebook, Weekly chart, Fibo Levels.
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.