Facebook: Q3 earnings

Summary of Facebook's earnings for its third quarter, following which shares were unchanged immediately after results in post-market trading (9.05pm London time).

 

Revenue

Earnings per share

Expected

$3.12 billion $0.40

Actual

$3.2 billion $0.43

 

Start trading nowlog in or see live chart

Beating expectations is a given for Facebook at the moment. Ad revenues are on the up, thanks to some hefty new acquisitions that have helped the firm hold its own against Google. However, it is the forecast of significant cost increases that spooked investors. Facebook’s shopping spree comes with a hefty price tag, with considerable investment needed to bring the new elements up to speed.

Overall, the company is still doing well. Active users on both a monthly basis and a daily basis were up, and the move lower was partially a result of the hefty rally in the share price this year. Although below the 50-DMA, the price has found support around $73.80, and a recovery of $75.40 would signal that the post-results funk has come to an end and all-time highs are back on the agenda. 

Here is a  full list of US stocks that can be traded outside New York Stock Exchange trading hours of 1.30pm to 8pm (London time).

IGA, may distribute information/research produced by its respective foreign marketing partners within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

This information/research prepared by IGA or IGA Group is intended for general circulation. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. You should take into account your specific investment objectives, financial situation or particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. In addition to the disclaimer above, the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.

See important Research Disclaimer.