Facebook beats on earnings despite revenue miss

  • 📰 CNBC
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 72%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Facebook misses on third-quarter revenue

$29.01 billion vs $29.57 billion expected by analysts, according to Refinitiv.1.93 billion vs. 1.93 billion expected by analysts, according to StreetAccount.2.91 billion vs. 2.93 billion expected by analysts, according to StreetAccount.The company announced its plans to break out its Facebook Reality Labs into its own reporting segment starting in the fourth quarter. That unit focuses on hardware, augmented reality and virtual reality products.

With revenue growth forecast to hit 37% in the latest quarter, Facebook is showing it can continue to make an increasing amount of money off its massive user base But all the recent attention on Facebook stems from a series of reports, initially from The Wall Street Journal, regarding internal research released by former employee Frances Haugen.

Haugen initially shared some of the documents she acquired during her time at Facebook with the Journal, and she then appeared in front of a Senate panel earlier this month to testify about her experiences at the company. Since then, Haugen has released the documents to several more news outlets, leading to additional news articles.

show that Facebook is aware of many of the harms its apps and services cause but either doesn't rectify the issues or struggles to address them. More documents are expected to be shared daily over the coming weeks.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Hardly. Are you serious? Profits are up. If you don't like Facebook .. cool story! Move on. Facebook is NOT in charge of your emotions. Get over it. They are a COMPANY that MAKES MONEY FOR ITS INVESTORS.. ONLY

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

European markets set for modest rise, with earnings in focus; HSBC beatsEuropean stocks are set to open slightly higher on Monday as investors continue to monitor corporate earnings, Covid-19 and the inflation picture. good
La source: CNBC - 🏆 12. / 72 Lire la suite »

'Buckle your seatbelts' because earnings will start to disappoint, long-term bull Art Hogan warnsNational Securities' Art Hogan believes a storm of disappointing corporate guidance and missed revenue targets is ahead. TradingNation TradingNation When? TradingNation PEOPLE ARE WAITING, WE ARE READY!!
La source: CNBC - 🏆 12. / 72 Lire la suite »

Stock Futures Creep Up Ahead of Tech EarningsStock futures edged up ahead of a big week of tech earnings, with Facebook set to post slower sales growth after markets close Relax!!Don't worry!! Can you try fiscal economic in our finance!! You can saying that is a risky on our business!! But, you will take a risk on this times and more than gain to a profit!! Then, you can saying assets!! i.e.
La source: WSJ - 🏆 98. / 63 Lire la suite »