Facebook shares surge as Wall Street analysts rave over earnings: 'What a start to 2019'

Wall Street was enamored Thursday morning with Facebook's first-quarter earnings report, with a handful of brokerages lauding the company's cash flow, user growth and revenue.

"What a start to 2019," Nowak wrote in a note to clients. The strong result"speaks to the strength of its engagement, ad offering and ability to drive earnings power ... even while aggressively investing to improve its platform." Facebook's profit, revenue and user numbers hit record highs during the quarter. Facebook shares closed at $182.58 on Wednesday."While 2019 remains a year of transition, FB mgmt has now produced multiple quarters with ahead of consensus revenue/EPS performance . Instagram is now one of the Internet's large scaled digital ad platforms that can sustain growth & operating leverage for years to come.

"We believe 1Q represents another qtr in which FB showed its ability to maintain strong engagement & also effectively manage revenue deceleration, which should give the Street increased confidence going forward. We continue to believe that FB can deliver 20's% revenue growth in 2020 w/moderating expense growth, driving strong re-acceleration in earnings growth next year—we model ~17% growth ex-accrual.

I imagine they’ll be posting higher earnings after all the Russian ad campaigns next year as well.

Is in top form

A mesmerizing tale

What a 🐊 of 💩! These numbers need to be audited. Not their books mind you—Wall Street’s digital infrastructure 💋💋

the biden effect

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lockheed Martin shares jump 4% as earnings beat Wall Street expectationsLockheed Martin delivered first-quarter earnings on Tuesday that were far above what Wall Street anticipated.
Source: CNBC - 🏆 12. / 72 Read more »

These six stocks have 'upside' potential due to recent developments, Wall Street analysts sayCNBC combed through company research to find analysts from different industries singling out stocks in their coverage universes. snap will see 5 before 15 In MO corrupt law enforcement is stealing SIM codes which control your ability to call out. Please send help/transport to Cindy Bray 2133 E Berkeley Springfield MO Everyone in this town is loaded w/roundworm. MuellerReport
Source: CNBC - 🏆 12. / 72 Read more »

Stocks end the day little changed as Wall Street braces for a corporate earnings delugeWe celebrated CNBC's 30th anniversary by ringing the closing bell at NYSE today. Stocks closed flat, with the S&P 500 holding above the critical 2,900 level. NYSE ClosingBell NYSE Most Well Come S&P Unit Everybody and New York Stock Exchanges and CNBC Business News Everybody
Source: CNBC - 🏆 12. / 72 Read more »

Wall Street edges lower, energy stocks fallThe S&P 500 slipped on Wednesday after ending the previous session with a record... But realDonaldTrump said it was at all time high! Is he lying?
Source: Reuters - 🏆 2. / 97 Read more »