Facebook Inc. was expected to reveal its second-quarter results after the close of trading on Wednesday, July 27. Here is the question that had been published a few days before earnings report was released:
Facebook, Inc. (NASDAQ:FB) is scheduled to reveal its second-quarter results on Wednesday, July 27 after the market closes. Wall Street is expecting earnings per share of $0.81. Will Facebook report EPS above Wall Street Consensus?
According to Cindicator users, the probability for Facebook to beat analysts' expectations was 82 percent. Therefore, we had bought 800 shares of Facebook Inc. at $123.05 before the market closed on Wednesday, July 27.
Crowd indicator worked great: Facebook Inc. reported 97 cents EPS vs 82 consensus. The stock surged in post-market trading. We sold 600 shares of Facebook at $131.88 for $5,300 profit (more than 5%). We left 200 shares overnight as our analysts thought that FB would be trading higher next day. We sold 200 shares at 128.59 in pre-market trading.
Overall, gross profit was 6.5% (more than $6,400) in less than 24 hours.
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