Facebook Earnings: Expect Some Cooling
In 2019, Facebook (NASDAQ: FB) has continued to grow its revenue rapidly. But the company's bottom line has suffered as it faced steep legal expenses related to a settlement with the Federal Trade Commission (FTC) and heavy investments in privacy protections. Even these headwinds for earnings, however, weren't enough to keep investors from being optimistic about the stock. Despite these bottom-line challenges, Facebook's earnings have ultimately been better than feared -- and shares have subsequently surged. The stock is up 37% year to date.
While the stock's strong performance is nice for investors, it means the company will have to deliver impressive third-quarter results to justify this surge. Ahead of Facebook's third-quarter update on Oct. 30, here's an overview of a few areas investors may want to check on.
Facebook CEO Mark Zuckerberg. Image source: The Motley Fool.
Source Fool.com
