Facebook (FB) slashed profit estimates, sighting higher expenditures on safety and security. So is FB a buy at these levels?
So much for privacy concerns. Faecebook (FB) whipped profit estimates last qtr — produced 30% growth — and the stock’s back on top.
If you wanted Facebook (FB) stock, you would have already owned it. Also, annual profit growth is expected to slow from 46% last year to 18% this year. Here’s my take on FB stock.
Facebook (FB) reported profits that blew past estimates, then claimed expenses would be high in 2018 and eart into profits. But they always say this, then beat the street.
Facebook (FB) lowered profit estimates last qtr as it switched to GAAP accounting. But still the company was able to deliver 36% profit growth last qtr. Impressive.