Investing.com – Facebook (NASDAQ:) reported on Wednesday second quarter that beat analysts’ forecasts and revenue that fell short of expectations.
Facebook announced earnings per share of $1.4 on revenue of $17.28B. Analysts polled by Investing.com anticipated EPS of $1.39 on revenue of $17.33B.
Facebook shares are down 58.29% from the beginning of the year , still down 8.23% from its 52 week high of $250.05 set on July 13. They are under-performing the which is down 14.2% from the start of the year.
Facebook follows other major Technology sector earnings this month
Facebook’s report follows an earnings beat by Microsoft on July 22, who reported EPS of $1.46 on revenue of $38.03B, compared to forecasts EPS of $1.34 on revenue of $36.54B.
Taiwan Semiconductor had beat expectations on July 15 with second quarter EPS of $0.79 on revenue of $10.55B, compared to forecast for EPS of $0.72 on revenue of $10.38B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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