Oct
29
Hope for Facebook earnings: no more surprises
Posted in: Uncategorized
Facebook is nearing the end of its toughest year as a public company. Ahead of results on Tuesday, analysts are hoping the news can’t get any worse.
The social-media giant is expected to report third-quarter revenue of $13.8 billion, up 34 percent from a year earlier. Operating profit will be $5.79 billion, according to analyst estimates compiled by Bloomberg.
Those cheery projections belie another quarter of turmoil that included executive departures, a huge privacy breach, threats of regulation and struggles to contain misinformation ahead of key elections in the U.S.
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