Facebook Earnings Results: Still Not What Wall Street Wants
No relief today for investors still stinging from buying into Facebook's IPO: Shares of the social network fell after it reported slightly worse than expected earnings.
No relief today for investors still stinging from buying into Facebook's IPO: Shares of the social network fell after it reported slightly worse than expected earnings.
Lent is here -- that 40 day period when many Christians challenge themselves to forgo their favorite indulgences. But the companies that produce these vices can be downright virtuous for your portfolio.
Facebook's fourth-quarter financial results surpassed Wall Street's expectations, but its stock is dipping lower in extended trading. The social networking company earned $64 million, or 3 cents per share, in the October-December period.
Zynga hit investors with bad news on Tuesday, announcing it would lay off 5% of its employees, scale back, and suspend development of 13 older games. And it all came out as Facebook, to which the social gaming leader's fortunes are closely linked, reported better than expected results.
Netflix is having a hard time keeping up with its past. Shares of the video service provider tumbled on Tuesday night after posting disappointing domestic subscriber numbers in its latest quarter.
Facebook posted a 32 percent jump in third-quarter revenue to $1.26 billion, as the company reignited advertising growth with the help of larger-than-expected gains in mobile. The company's shares leapt 9 percent to $21.22 in after-hours trading on Tuesday.
"It's complicated" is the only relationship status that fits the rocky romance between Wall Street and Facebook. Shares of the social-networking giant took a hit on Friday after it failed to post blowout quarterly results. But are investors being unfair to Facebook?
This week, we'll be seeing how some of the most famous stocks in America are doing: Apple, Facebook, Netflix and Starbucks will report earnings, and there are sure to be a few surprises.






