Facebook (NASDAQ FB) has released its earnings report for the first quarter. The world’s largest social networking site has come out with a report which is sure to have some impact on the stock’s performance in the coming days. THe major surprise was the effect which currency fluctuations had on the revenues of Facebook. For the first time in almost three years, Facebook has missed the analysts expectations.
Here in this article, we will scrutinize the quarterly report. We will look at how this report would affect the stock in the coming week. We will look at the reasons which may be behind the performance which Facebook has put in and what exactly we can expect in the coming quarters.
Facebook sales missed the analysts estimate for the first time since 2012. Facebook posted sales of $3.54 billion, climbing by 42%. This increase could have been around 49% if the currency had stayed strong. Moreover the company earns more than half from outside of the United States.
Facebook Inc: Q1 Report
Facebook (NASDAQ FB) has not only been hit by the currency fluctuations, Facebook has also had to payback for the various acquisitions which it has made in the past. All these acquisitions have started coming good for Facebook and they would start to help Facebook in a monetary way shortly.
Facebook’s stock has been around the levels of $85 and the stock has been increasing with time. It would be intriguing to see how the stock reacts after the given news.
Facebook Inc (NASDAQ FB) Business News
Facebook (NASDAQ FB) seems to be doing well in the market. As shown by the recent reports, although the stock is fluctuating at the moment, it should come clean in the longer run. Stay tuned for more updates
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