© Reuters. Facebook Earnings, Revenue beat in Q2
Investing.com – Facebook (NASDAQ:) reported on Wednesday second quarter that beat analysts’ forecasts and revenue that topped expectations.
Facebook announced earnings per share of $3.61 on revenue of $29.08B. Analysts polled by Investing.com anticipated EPS of $3.04 on revenue of $27.85B.
Facebook shares are down 14% from the beginning of the year and are trading at $360.70 , down-from-52-week-high.They are under-performing the which is up 16.53% from the start of the year.
Facebook shares lost 3.38% in after-hours trade the report.
Facebook follows other major Communication Services sector earnings this month
Facebook’s report follows an earnings beat by Alphabet C on Tuesday, who reported EPS of $27.26 on revenue of $61.88B, compared to forecasts EPS of $19.33 on revenue of $56.19B.
Verizon had beat expectations on July 21 with second quarter EPS of $1.37 on revenue of $33.8B, compared to forecast for EPS of $1.3 on revenue of $32.77B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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