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Facebook (FB) Q2 Revenue Tops Consensus

July 24, 2019 4:06 PM

Facebook (NASDAQ: FB) reported Q2 EPS of $0.91, may not compare to the analyst estimate of $1.88. Revenue for the quarter came in at $16.89 billion versus the consensus estimate of $16.5 billion.

*Includes an additional $2.0 billion legal expense related to the U.S. Federal Trade Commission (FTC) settlement and a $1.1 billion income tax expense due to the developments in Altera Corp. v. Commissioner, as discussed below. As the FTC expense is not expected to be tax-deductible, it had no effect on our provision for income taxes. Excluding these expenses, our operating margin would have been 12 percentage points higher, our effective tax rate would have been 30 percentage points lower and our diluted EPS would have been $1.08 higher.

For earnings history and earnings-related data on Facebook (FB) click here.

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