Facebook (FB) closed the latest buying and selling day at $198.39, shifting +0.24% from the earlier
Facebook (FB) closed the latest buying and selling day at $198.39, shifting +0.24% from the earlier buying and selling session. The inventory outpaced the S&P 500’s each day acquire of 0.03%. In the meantime, the Dow gained 0.11%, and the Nasdaq, a tech-heavy index, added 0.1%.
Heading into at the moment, shares of the social media firm had gained 0.26% over the previous month, lagging the Pc and Expertise sector’s acquire of two.71% and the S&P 500’s acquire of 1.82% in that point.
Wall Avenue can be searching for positivity from FB because it approaches its subsequent earnings report date. In that report, analysts count on FB to put up earnings of $2.50 per share. This is able to mark year-over-year development of 5.04%. Our most up-to-date consensus estimate is asking for quarterly income of $20.82 billion, up 23.1% from the year-ago interval.
Wanting on the full yr, our Zacks Consensus Estimates recommend analysts predict earnings of $6.37 per share and income of $70.44 billion. These totals would mark adjustments of -15.85% and +26.15%, respectively, from final yr.
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