Facebook Inc. just released its fourth quarter fiscal 2016 financial results, posting earnings, before non-recurring items, of $1.24 per share and revenues of $8.81 billion. Currently, FB is a #3 (Hold) on the Zacks Rank, and is up 2.30% to $136.26 per share in trading shortly after its earnings report was released.
Beat earnings estimates. The company posted earnings of $1.24 per share, surpassing the Zacks Consensus Estimate of $1.11 per share and up 110% from the prior-year period. This number excludes 3 cents from non-recurring items.
Beat revenue estimates. The company saw total revenue figures of $8.81 billion, soaring past our consensus estimate of $8.466 billion and gaining a whopping 51% year-over-year
For full year 2016, Facebook reported daily active users (DAUs) of 1.23 billion on average, an increase of 18%. Mobile DAUs were 1.15 billion on average, up 23% year-over-year.
Monthly active users (MAUs) were 1.86 billion for 2016, an increase of 17% year-over-year. Mobile MAUs were 1.74 billion, up 21% year-over-year,
Mobile advertising revenue represented roughly 84% of advertising revenue for Q4, up about 80% year-over-year.
"Our mission to connect the world is more important now than ever," said Mark Zuckerberg, Facebook founder and CEO. "Our business did well in 2016, but we have a lot of work ahead to help bring people together."
Here’s a graph that looks at Facebook’s price, consensus, and EPS surprise:
Facebook Inc. operates a social networking website worldwide. The Company's products for users are free of charge and available on the Web, mobile Web, and mobile platforms, such as Android and iOS. Its website enables users to connect, share, discover, and communicate with each other. The Facebook Platform is a set of tools and application programming interfaces that developers can use to build social apps on Facebook or to integrate their Websites with Facebook. It offers products that enable advertisers and marketers to engage with its users. Facebook Inc. is headquartered in Menlo Park, California.
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Facebook Crushes Q4 Earnings, Mobile Ad Revenue Up 80%
Facebook Inc. just released its fourth quarter fiscal 2016 financial results, posting earnings, before non-recurring items, of $1.24 per share and revenues of $8.81 billion. Currently, FB is a #3 (Hold) on the Zacks Rank, and is up 2.30% to $136.26 per share in trading shortly after its earnings report was released.
Beat earnings estimates. The company posted earnings of $1.24 per share, surpassing the Zacks Consensus Estimate of $1.11 per share and up 110% from the prior-year period. This number excludes 3 cents from non-recurring items.
Beat revenue estimates. The company saw total revenue figures of $8.81 billion, soaring past our consensus estimate of $8.466 billion and gaining a whopping 51% year-over-year
For full year 2016, Facebook reported daily active users (DAUs) of 1.23 billion on average, an increase of 18%. Mobile DAUs were 1.15 billion on average, up 23% year-over-year.
Monthly active users (MAUs) were 1.86 billion for 2016, an increase of 17% year-over-year. Mobile MAUs were 1.74 billion, up 21% year-over-year,
Mobile advertising revenue represented roughly 84% of advertising revenue for Q4, up about 80% year-over-year.
"Our mission to connect the world is more important now than ever," said Mark Zuckerberg, Facebook founder and CEO. "Our business did well in 2016, but we have a lot of work ahead to help bring people together."
Here’s a graph that looks at Facebook’s price, consensus, and EPS surprise:
Facebook, Inc. Price, Consensus and EPS Surprise
Facebook, Inc. Price, Consensus and EPS Surprise | Facebook, Inc. Quote
Facebook Inc. operates a social networking website worldwide. The Company's products for users are free of charge and available on the Web, mobile Web, and mobile platforms, such as Android and iOS. Its website enables users to connect, share, discover, and communicate with each other. The Facebook Platform is a set of tools and application programming interfaces that developers can use to build social apps on Facebook or to integrate their Websites with Facebook. It offers products that enable advertisers and marketers to engage with its users. Facebook Inc. is headquartered in Menlo Park, California.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>