REUTERS/Leah Millis
Facebook reports its Q2 2019 financial results after markets close on Wednesday.
The results come just hours after the US Federal Trade Commission (FTC) announced it has reached a record-breaking $5 billion settlement with Facebook over the company’s myriad privacy issues.
Here are the key numbers Wall Street is expecting, via Bloomberg:
- Earnings Per Share (EPS) GAAP: $1.89
- Revenue: $15.08 billion, up roughly 14% year-over-year.
- Daily Active Users: 1.57 billion, up from 1.56 billion in Q1
- Monthly Active Users: 2.42 billion, up from 2.38 billion in Q1
After two years of constant scandals, Facebook’s stock has largely rebounded in recent months, and is up more than 50% so far this year. Prior to its Q2 results, analysts have been broadly bullish about the company’s prospects in light of its steady user numbers — illustrating how its crises have thus far failed to put in a serious dent in the business.
Business Insider is covering Facebook’s Q2 2019 results live. Refresh this page or click here for the latest updates…
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Read more:
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See Also:
- Facebook looks set to get stung with another big fine over the biggest scandal in its history
- ‘Too cheap to keep ignoring’: Wall Street thinks Facebook is set to soar because its loyal users outweigh its endless scandals
- The Department of Justice just launched a broad probe into whether big tech companies like Amazon, Facebook, and others illegally harm competition
Source: Business Insider – rprice@businessinsider.com (Rob Price)