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MARKETS LIVE BLOG:

STOCKS EXTEND GAINS AS RESULTS SEASON KICKS INTO HIGH GEAR

Tech-focused investors prepare for fresh wave of earnings highlighted by struggling Tesla

Facebook Beats Profit And Revenue Expectations, The Stock Drops Anyway

Nicholas Carlson

This Tech Earnings Update is brought to you by Verizon.

Facebook reported its Q4 numbers this afternoon.

It beat Wall Street analysts' revenue and profit expectations.

Revenue growth continued to accelerate – grew 40% y/y, up from 32.80% y/y growth last quarter.

Operating margins improved, as well.

Despite the good news, the stock dropped 10% as soon as the numbers came out.

Since then, it's climbed back some.

At 5PM eastern, Facebook hosted an earnings call to discuss the numbers. We took notes below.

THE NUMBERS:

**EPS: $0.17 versus $0.15 consensus

**Revenues: $1.59 billion versus $1.53 billion consensus

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**618 million daily active users.

**Mobile daily active users exceeded desktop daily active users for the first time last quarter.

SEE ALL THE NUMBERS AND CHARTS HERE >>



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