Evercore Partners Trims PT on Facebook (FB) Following Q1 Results; Valuation is Full
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
Facebook (FB) at 'Center of Mobile Ad Revolution', Goldman Reiterates Buy
May 2, 2013 8:50 AM EDTFollowing Facebook (NASDAQ: FB) Q1 results yesterday, Goldman Sachs reiterated a Buy rating on the stock with a price target of $40.00. Facebook revenue topped Street estimates at $1.46 billion vs $1.44 billion, while EPS missed by at penny at 12 cents. In Goldman Sachs analyst Heather Bellini's view, the big surprise was mobile ad revenue.
"Mobile was... More
Jefferies Bumps Numbers on Facebook (FB) Post Q1; Mobile Gains at Expense of Desktop
May 2, 2013 7:56 AM EDTJefferies bumped numbers on Facebook (NASDAQ: FB) higher following Q1 results but maintained a Hold rating.
The firm's price price target goes form $30 to $31, Q2 EPS goes from $0.10 to $0.12, FY 2013 EPS goes from $0.44 to $0.50 and FY 2014 EPS goes from $0.59 to $0.68.
... More
Facebook (FB) Misses Q1 EPS by 1c, Sales Stronger
May 1, 2013 4:06 PM EDTFacebook (NASDAQ: FB) reported Q1 EPS of $0.12, $0.01 worse than the analyst estimate of $0.13. Revenue for the quarter rose 38% to $1.46 billion versus the consensus estimate of $1.44 billion.
Daily active users (DAUs) were 665 million on average for March 2013, an increase of 26% year-over-year.
Monthly... More