Scalper1 News
Several analysts cut their price targets on Facebook stock after the social network gave a disappointing outlook late Tuesday that included a big increase in spending. Facebook’s (FB) Q3 beat estimates on the top and bottom lines, but the company warned that operating costs in Q4 and through 2015 would increase sharply as it invests heavily to expand services. Also, Facebook’s Q4 revenue outlook was slightly below the consensus estimate. Facebook Scalper1 News
Scalper1 News