Page 2 - தலைமை நிர்வாகி குறி ஜுக்கேர்பெற்க் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Facebook beats earnings estimates but stock falls on growth slowdown warning SHARE Facebook Inc. today easily beat estimates for its second-quarter results, but a warning that growth would slow in coming quarters knocked its stock down in after-hours trading. The company said it earned a net profit of $10.4 billion, or $3.61 a share, slightly more than double its profit a year ago, as revenue jumped 56%, to $29.1 billion the fastest rate since 2016 and significantly higher than the first quarter’s 48%. Analysts on average had forecast a profit of $3.04 a share, up 68%, on revenue of $27.8 billion, up 49%. But the news investors focused on was what’s coming, and they didn’t like what they heard. Facebook said in prepared comments that it expects year-over-year revenue growth to “decelerate significantly on a sequential basis” since it will lap 2020’s increasingly strong growth as the pandemic’s economic impacts eased.

Andy jassySheryl sandbergMichael dellPat gelsingerMartin garnerYuval ben itzhakMark zuckerbergCube clubFacebook incAmazon web servicesCube event communityEmplifi incAlphabet incChief executive mark zuckerbergChief operating officer sheryl sandbergJohn furrier