The projection for negative annual earnings growth for 2019 reflects the negative YOY EPS growth in the first two quarters of the year, which are at least partly due to higher expenses from increased investment in security measures. Second quarter EPS of $0.91 also reflected a one-time charge of $2 billion related to Facebook’s settlement with the Federal Trade Commission (FTC) and $1.1 billion in income tax expense. Without those expenses, Q2 EPS would have been $1.99, a 6.13% positive surprise above analyst estimates. Revenue is still growing but has trended downwards over the past several quarters to its slowest pace since the company went public.
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