Jefferies Bumps Numbers on Facebook (FB) Post Q1; Mobile Gains at Expense of Desktop
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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
Evercore Partners Trims PT on Facebook (FB) Following Q1 Results; Valuation is Full
May 2, 2013 8:24 AM EDTEvercore Partners analyst Ken Sena lowered his price target on Facebook (NASDAQ: FB) from $32 to $28 following Q1 results. The firm maintained an Equal Weight rating.
On the quarter, Sena said "Facebook's results were largely in-line with Street estimates , despite continued signs of... 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
