Chief Financial Officer David Wehner said in the earnings call the social media giant expects the constant currency revenue growth rates to "decelerate sequentially going forward." The company also sees "more pronounced deceleration in the fourth quarter and into 2020, partially driven by ad-targeting related headwinds and uncertainties," Wehner said.
Facebook earned $1.99 cents per share in the second quarter, versus $1.88 per share forecast by Refinitiv.— The maker of Invisalign had its stock plummet more than 27% after the company warned of a slowdown in China. CEO Joe Hogan said Invisalign shipments were lower than expected in the second quarter, "primarily due to a softness in China related to a
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.
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »