Facebook’s Post-Earnings Sell-Off Is an Opportunity For Investors
The market doesn't always react predictably to news and headlines.
Case in point: Facebook (NASDAQ: FB) recently released its fourth-quarter and full-year earnings report, and although the tech company's performance was strong, Facebook's shares are down by about 9% since its earnings release. The sell-off was attributed to Facebook's decelerating growth rate, but that's something management had predicted would happen.
During Facebook's third-quarter 2019 earnings conference call, CFO Dave Wehner said the following: "We continue to expect a more pronounced deceleration of our revenue growth rate in Q4. We expect our Q4 reported revenue growth rate will decelerate by mid to high single-digit percentage compared to our Q3 rate."
Source Fool.com
