After-the-Bell Earnings Wrap: FB, EXPE, WTW
NEW YORK (TheStreet) -- Earnings for Facebook
Social networking king Facebook slipped 0.2% to $48.91 in after-market trading, reversing an earlier gain of 12%.
For its third quarter, Facebook reported earnings of 25 cents a share compared to an average of 19 cents a share according to a survey of analysts by Thomson Reuters. Revenue of $2.02 billion, 49% of which was generated by mobile, was higher than an anticipated $1.91 billion.
TheStreet Ratings team rates Facebook Inc as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate Facebook Inc (FB) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's return on equity has been disappointing."
- You can view the full analysis from the report here: FB Ratings Report