Facebook first tumbled then jumped after reporting Q2 EPS of $1.32, which initially slammed the stock as much as 5% lower however, then jumped just as quickly when it emerged that Bloomberg had blasted a wrong EPS estimate, according to which the company had missed earnings of $1.38…
… only to immediately correct itself, and release the correct consensus expectations, which was $1.13.
Correction: Facebook Q2 revenue beats estimates https://t.co/Olpr5eLjlp pic.twitter.com/qmaAxWWhA2
— Bloomberg (@business) July 26, 2017
The algo reaction is shown below:
Among the other results:
And here are the key charts from Facebook’s results:
Daily Average Users:
Monthly Average Users:
ARPU
Revenue by Geography:
Operating Margin:
