Facebook Beats on Revenues and Earnings in Q2
Facebook (NASDAQ:FB) released its latest quarterly results today. Here’s a snapshot of how the company did:
Facebook has been mired with privacy scandals this year and most recently learned that it would be facing a $5 billion fine from the FTC due to the Cambridge Analytica scandal. With more pressure on data privacy and weeding out fake news, we’ll likely see more costs being added to the company’s financials in future periods. It’s something investors will want to keep an eye going forward.
Heading into earnings, Facebook was trading at seven times its book value, 10 times its sales and a price-to-earnings ratio of 30. Revenues for the trailing twelve months were $58.95B and $15.1B in Q1. During the past 52 weeks, Facebook has seen a lot of volatility in its share price, falling as low $123 and as high as $218.
During the past 12 months, the stock has fallen 5% but year-to-date returns have been over 55%.
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