Facebook (FB) To Maintain Its Stellar Earnings Streak In Q1?
Zacks Investment Research | Apr 19, 2018 10:22PM ET
Facebook (NASDAQ:FB) is set to report its first-quarter 2018 results on Apr 25. The company remained in the spotlight throughout the quarter for a number of reasons and its results are thus highly awaited.
In mid-March, when the company’s data misuse allegations surfaced, it captured the attention of worldwide regulators instantaneously. The incident wreaked havoc not only on the stock but also on the technology sector, bringing the entire sector down in the last few days of the quarter.
However, Facebook’s undying efforts to regain its brand image and trustworthiness coupled with CEO Mark Zuckerberg’s impressive testimony in front of the Congress restored investors’ confidence, leading to a revival in shares after three weeks of turmoil.
Notably, shares of Facebook have gained 16.9% in the past year, significantly outperforming the Earnings ESP Filter .
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