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Smorgasbord of Q1 Earnings: FB, CMG, QCOM & More

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Facebook (FB - Free Report) , which has spent most of 2018 under a dark cloud regarding concerns about exposing its extensive amount of users to data mining, false news items, etc., still managed to blow the doors off Q1 earnings and revenue estimates: $1.69 per share outperformed the $1.36 in the Zacks consensus, whereas revenues of $11.97 billion surpassed expectations of $11.95 billion. These results speak to 63% year-over-year earnings growth, and +49% on the top line.

In both Monthly Active Users (MAU) and Daily Active Users (DAU) metrics, both rose 13% to 2.2 billion and 1.45 billion, respectively. Average revenue per user rose in the quarter 20 cents higher than predicted to $5.53 per, and mobile ad revenues now account for a whopping 91% of Facebook's total advertising revenue. Shares are trading up 4.8% in Wednesday's after market. For more on FB's earnings, click here.

Another stock climbing in the late trading session is Chipotle (CMG - Free Report) , up 10%, which posted a big earnings beat on in-line quarterly sales: $2.13 per share versus $1.54 expected, and $1.15 billion on the top line. Comps rose 2.2%, higher than the anticipated 1.3%, and operating margins grew to 19.5%. CEO Brian Niccol said he expects "accelerated progress" at Chipotle to continue. Good enough for late-traders, apparently. For more on CMG's earnings, click here.

Zacks Rank #3 (Hold)-rated Qualcomm (QCOM - Free Report) put up 80 cents per share in its fiscal Q2 earnings report after the bell, topping the Zacks consensus by a full dime, on $5.3 billion in revenues that outpaced the $5.2 billion expected. Guidance for Q3 have been updated but still hover around current analyst estimates. The company also discussed its agreement to purchase NXP, but recall Qualcomm was itself the target of a buyout by Broadcom earlier. For more on QCOM's earnings, click here.

Paypal (PYPL - Free Report) has also outperformed estimates in its Q1 report after Wednesday's close, posting 57 cents per share on $3.69 billion in revenues, surpassing the 54 cents per share and $3.58 billion, respectively. This amounts to a 24% year-over-year gain on the top line, while guidance was tempered a bit for Q2 earnings: $1.79-1.86. Full-year revenues, however, look good, with guidance of $15.2-15.4 billion putting the Zacks consensus of $15.25 billion on the lower end of the range. For more on PYPL's earnings, click here.

Ford Motor Company (F - Free Report) also reported in the afternoon, with 43 cents per share beating estimates by 2 cents and $39 billion in revenues coming in roughly $2 billion stronger than expected. North America was its biggest regional performer at $1.9 billion in the quarter, though raw material costs -- especially aluminum -- are much higher than previously. But shares are up 2.7% in after-market trading on the solid headline number.

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