Facebook beats by $0.10, beats on revenue


Facebook (FB): Q1 EPS of $0.34 beats by $0.10.

Revenue of $2.5B (+71.2% Y/Y) beats by $160M.

Shares -3.9%.

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Comments (33)
  • ken62310
    , contributor
    Comments (7) | Send Message
     
    owned!
    23 Apr 2014, 04:13 PM Reply Like
  • losbronces
    , contributor
    Comments (1010) | Send Message
     
    Shares now up over close by 1.9%; so who knows where it will be tomorrow.
    23 Apr 2014, 04:15 PM Reply Like
  • Patent News
    , contributor
    Comments (1475) | Send Message
     
    yep
    23 Apr 2014, 04:17 PM Reply Like
  • jimofoakcreek
    , contributor
    Comments (8) | Send Message
     
    FB should be up 10% if not for Ebersman leaving.
    23 Apr 2014, 04:17 PM Reply Like
  • a1shot
    , contributor
    Comments (320) | Send Message
     
    That tur* waited for this day to leave? F*ck is wrong with him?
    23 Apr 2014, 04:42 PM Reply Like
  • Moon Kil Woong
    , contributor
    Comments (13546) | Send Message
     
    he is smart to leave while things are good before they get bad. I suppose their are hints in the revenue growth and profitability that are less rosy than it appears on the surface.
    23 Apr 2014, 10:17 PM Reply Like
  • drpersky@drpersky.com
    , contributor
    Comments (126) | Send Message
     
    He hurt earnings two reports ago as well with his comments about
    "teens leaving FB" and the fact that 2013 Q4 results would be down compared to 2012 Q4 because 2012 was based on 4 months vs '13 based on 3 months. Be well.

     

    Doc
    24 Apr 2014, 12:23 AM Reply Like
  • Lakeside44
    , contributor
    Comment (1) | Send Message
     
    Fb believer! No matter the direction.
    23 Apr 2014, 04:20 PM Reply Like
  • David White
    , contributor
    Comments (5084) | Send Message
     
    CNBC says the CFO was a biotech guy originally; and he wants to go back to that. This is eventually a non-news item.
    23 Apr 2014, 04:20 PM Reply Like
  • Moon Kil Woong
    , contributor
    Comments (13546) | Send Message
     
    He's probably sick of the money hungry Stanfordites without any novel ideas to grow the company besides expand to Africa, mine everyone's cookies, and copy Google buying out drone startups. Can you blame him?
    23 Apr 2014, 10:19 PM Reply Like
  • aardvark3
    , contributor
    Comments (687) | Send Message
     
    And we will see that Ebersman leaving is a nonevent.
    23 Apr 2014, 04:21 PM Reply Like
  • xilef
    , contributor
    Comments (490) | Send Message
     
    What a huge beat on the bottom line. Great numbers. Should be up much more than this. This needs some time to get digested.
    23 Apr 2014, 04:23 PM Reply Like
  • Da Bing
    , contributor
    Comments (30) | Send Message
     
    Strange that the new CFO has a BS in Chemistry and MS in Applied Physics, just saying.
    23 Apr 2014, 04:25 PM Reply Like
  • David White
    , contributor
    Comments (5084) | Send Message
     
    There are a lot of smart guys in Physics. There are not that many straight Physics jobs. That many go into other areas is not at all strange.
    23 Apr 2014, 04:48 PM Reply Like
  • deonmerwe
    , contributor
    Comments (7) | Send Message
     
    investors expected a bigger beat. 100% revenue increase was expected. im hoping tomm will bring bigger move but i doubt it
    23 Apr 2014, 04:50 PM Reply Like
  • a1shot
    , contributor
    Comments (320) | Send Message
     
    Q1 never beaten the previous Q4...how did you expect a 100% rev is beyond me
    23 Apr 2014, 05:36 PM Reply Like
  • mathari
    , contributor
    Comments (276) | Send Message
     
    We should have seen massive beats. This is good news for the ordinary but not so good news for a company trading at such multiples. I say stock deserves a 45 dollar price range until we see revenues at $7-10B.
    23 Apr 2014, 04:55 PM Reply Like
  • Bullmarketcall
    , contributor
    Comments (2101) | Send Message
     
    Agree, not as spectacular as expected.
    23 Apr 2014, 05:01 PM Reply Like
  • deonmerwe
    , contributor
    Comments (7) | Send Message
     
    Mark just started speaking and stock moves up. So what they are happy that he just turned up or what...? This is great!
    23 Apr 2014, 05:08 PM Reply Like
  • benitus
    , contributor
    Comments (3473) | Send Message
     
    Well, it didn't have a big bounce, which I had expected. Even though the results is a beat, it was less than last quarter's, so disappointment set in as aniticpated and no trader stepped in to buy, for fear of a retreat tomorrow or in coming days. Even Mark's hallowed presence would be hard to move the needle past $65 if it does move up tomorrow. If it does, then it'll be pump and dump, so time for the short-sellers to move in. On the other hand, AAPL is looking good.
    23 Apr 2014, 07:17 PM Reply Like
  • Tomal
    , contributor
    Comments (2485) | Send Message
     
    you do know that Q1 seasonality means sales should be lower. Advertisement industry goes to rest after December holidays retail season.

     

    By the way it was not really that much lower. You could say revenue was flat from quarter to quarter, which indicates growth. Everyone was expecting at least 5% lower sales in this quarter due to seasonality.

     

    No need for big bounce. At this rate, FB will easily reach $80 by year end.
    23 Apr 2014, 08:48 PM Reply Like
  • xilef
    , contributor
    Comments (490) | Send Message
     
    "...Even though the results is a beat, it was less than last quarter's, so disappointment set in ..." I'm sorry @benitus, but this statement underlines a huge lack of insight.
    23 Apr 2014, 09:06 PM Reply Like
  • benitus
    , contributor
    Comments (3473) | Send Message
     
    xilef....to each his own, my friend, to each his own. I don't know what kind of insight are you referring to? I do speak from conviction, and I make my plays according to what I believe to be correct, which are making me money, so I can't be far wrong.
    23 Apr 2014, 09:13 PM Reply Like
  • benitus
    , contributor
    Comments (3473) | Send Message
     
    Tomal....I'm sorry to say this but I will be sure to continue shorting the stock if it does make its way to $80. I don't hold onto my shorts but I profit from its volatility by trading it up and down.
    23 Apr 2014, 09:17 PM Reply Like
  • xilef
    , contributor
    Comments (490) | Send Message
     
    @benitas, I was solely referring to that statement and not beyond that. I wasn't questioning your overall insight or conviction. I was trying to point out that comparison to previous quarter is simply wrong. Comparisons should be contextual and 1st quarter of '13 should be used. That aside, their numbers were great, it's hard to argue with that.
    23 Apr 2014, 09:39 PM Reply Like
  • benitus
    , contributor
    Comments (3473) | Send Message
     
    xilef....thank you for your clarification. Yes, the numbers were great but the traders expected more, given the hype pre-earnings, which is why I often tell supporters of any stock that it won't do any good to the stock price if we beat the drums too much. Higher expectations means only that it's harder to achieve the highs, so if traders don't see enough room for them to make a play, they won't come in and who's going to pump up the price if not the traders. If support for the stock is lackluster, then the traders will short it, after making an initial play to pump it up a bit, until the price is depressed far enough for them to make a profit, which will be indicated by resistance from further slide.

     

    When we consider the progress or improvement of a stock's profitability, we must compare the results of this quarter with the previous quarter. We only compare year-on-year if we consider its long-term growth. For example, if I make $100 this quarter, as compared to $90 last quarter, I must be doing well. However, I may have been making $120 a year ago, which won't tell me how well I am doing now. Anyway, enough of my talk. I wish you well in your trades. Live long and prosper, my friend.
    23 Apr 2014, 10:03 PM Reply Like
  • Tomal
    , contributor
    Comments (2485) | Send Message
     
    ahhh benitus, if you trade on volatility, then why do you always highlight the short part ?

     

    A persons who trades on volatility cannot be short or long. They are neutral. But your constant highlight of shorting side means you are essentially short and essentially you lost money today.

     

    By the way, FB did not go up as much because the CFO is going away. Maybe you should do more analysis. It is not like that. But it is good. I dont like massive pop in one day. It will go slowly up. Then we have upcoming F8 conference at end of this month. And Football World cup in summer should boost ad revenues quite a lot outside US.

     

    The Wall Street revenue estimates were 2.33 billion. Outside Wall St, people were expecting 2.4 billion. They made 2.5 billion. I dont see what you meant by massive expectations. They handily beat any expectations. And Q1 is the slowest seasonal period. You cannot compare Q1 to Q4. It is like comparing Apple's summer revenue compared to Christmas season revenue period. It is absurd and doesnt make any analytical sense.
    23 Apr 2014, 10:40 PM Reply Like
  • PovLis
    , contributor
    Comments (272) | Send Message
     
    Earning is great and it will get better next quarter and FB is going back up above $70.
    23 Apr 2014, 11:32 PM Reply Like
  • PovLis
    , contributor
    Comments (272) | Send Message
     
    Per Wall Street Journal article today "revenue climbed 72% to $2.5 billion, beating the $2.36 billion expected by analysts. Facebook reported net income of $642 million, 25 cents a share, up from $219 million, or nine cents a share, a year earlier. Excluding certain expenses, Facebook said earnings would have been 34 cents a share, up from 12 cents a year earlier. Analysts polled by Thomson Reuters expected 24 cents a share."

     

    Analyst expected 2.36B and Facebook earned 2.5B
    Analyst expected 24 cents EPS and Facebook earned 25 cents EPS

     

    23 Apr 2014, 11:45 PM Reply Like
  • benitus
    , contributor
    Comments (3473) | Send Message
     
    Tomal....in answer to your question, I always start every trade by shorting it and then reversing my positions to go long. I'll short it again when it runs out of steam, so forth and so on... It's always easier to make money shorting any stock because we can see how far it has been pushed up and profit-taking must occur. But it's harder to see how far the stock can go if we go long. We're only interested to make money, never in love with the stock. I've a grapevine of traders of every fashion, so I rely on them to detect the trend of what's going to happen with my stocks and I'm pretty on the money on most days. Otherwise, I would've lost my shirt and pants by now. May the odds remain always in our favor.
    24 Apr 2014, 12:06 PM Reply Like
  • Ricardo Espinosa
    , contributor
    Comments (458) | Send Message
     
    That short $FB 65/70 call spread and long $AAPL 500/530 call spreads doing great. Intelligent investors sell to optimists and buy from pessimists.
    23 Apr 2014, 07:54 PM Reply Like
  • LFFM
    , contributor
    Comments (9) | Send Message
     
    $160M, and $0.10 on the first quarter.
    That is beyond impressive for a first quarter result!!
    24 Apr 2014, 12:24 AM Reply Like
  • Wilber Zhang
    , contributor
    Comment (1) | Send Message
     
    Ebersman's leaving is good news. His mouth is a bitch.
    24 Apr 2014, 12:24 AM Reply Like
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