Facebook Expenses Rising And Revenue Outlook Misses

By | October 28, 2014

Scalper1 News

Facebook late Tuesday posted decelerating growth in EPS and revenue in Q3, gave a Q4 revenue outlook that missed views and said that its costs are accelerating faster than it had forecast. Facebook (FB) stock was down 10% in after-hours trading on the report. The stock, though, is up 46% this year as the company has been riding big growth in online ad sales. Facebook reported earnings per share minus items of 43 cents, up 72% from Scalper1 News

Scalper1 News