Facebook (FB) Reports Q4 EPS of $1.44, Revenue Beats
(Updated - January 31, 2018 4:09 PM EST)
Facebook (NASDAQ: FB) reported Q4 EPS of $1.44, does not compare to the analyst estimate of $1.95. Revenue for the quarter came in at $12.97 billion versus the consensus estimate of $12.55 billion.
- As a result, our provision for income taxes increased by $2.27 billion and our diluted EPS decreased by $0.77 for both the fourth quarter and full year 2017.
Fourth Quarter and Full Year 2017 Operational and Other Financial Highlights
"2017 was a strong year for Facebook, but it was also a hard one," said Mark Zuckerberg, Facebook founder and CEO. "In 2018, we're focused on making sure Facebook isn't just fun to use, but also good for people's well-being and for society. We're doing this by encouraging meaningful connections between people rather than passive consumption of content. Already last quarter, we made changes to show fewer viral videos to make sure people's time is well spent. In total, we made changes that reduced time spent on Facebook by roughly 50 million hours every day. By focusing on meaningful connections, our community and business will be stronger over the long term."
For earnings history and earnings-related data on Facebook (FB) click here.