Facebook Inc FB is weighing on the market.
The company missed Q2 sales estimates. Perhaps more importantly, global daily active users came in at 1.47 billion vs. a 1.49 billion estimate. During the company's post-earnings conference call, management warned it sees quarter-over-quarter high-single digit sales growth decelerating in the second half of the year.
The news sent several of the market's most popular stocks falling. As of 6 p.m. ET:
- Facebook was down 23.2 percent to $166.94;
- Twitter Inc TWTR was down 5.7 percent to $41.70;
- Snap Inc SNAP was down 4 percent to $12.85;
- Amazon.com, Inc. AMZN was down 1.9 percent to $1,827;
- Netflix, Inc. NFLX was down 3 percent to $351.51; and
- Alphabet Inc GOOGL was down 2 percent to 1,250.
Related Links:
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in