Facebook Inc (NASDAQ:FB) reported earnings today, which beat analyst estimates’. However, investors were not satisfied and sent the stock down 10% in after hours trading. Facebook finished the session down 3.43% in the after hours session.
Analysts at Stifel Nicholas opine that ‘overall, a good 4Q result for FB, even if it isn’t one that forces us to update our status. Upside of $53mn in ad revenues, with mobile revs of $306mn (23% of advertising), double last quarter. EBITDA and EPS right in line with our estimates, and ahead of the consensus view.’
Victor Anthony, an analyst at Topeka Capital, issued a research report which noted that, both revenues and Adj. EPS beat the Topeka and Consensus expectations on better than expected advertising and payments revenue growth. Mobile