Tech Round-up: Facebook Steals the Headlines Again

Amazon and Facebook posted record results in this earnings season, but Apple revealed a 15% fall in iPhone sales 

James Gard 7 February, 2019 | 9:03AM
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The standout event of this tech earnings season was Facebook’s (FB) stunning rebound after a troubled 2018. Both revenue and profit beat estimates in the fourth quarter, while monthly active users were up 9% to 2.32 billion, as advertising revenue grew. The share price rose 27% in January, tracking the return of positive sentiment towards tech stocks amid a wider global recovery in equity prices. Facebook’s share price surged after the earnings release, taking it to within 10 dollars of the price a year ago of $170 per share. This is still a way off the record high last summer of nearly $220.

Facebook is no stranger to either adverse publicity or gyrations in its share price. Just last August the company’s share price crash overshadowed a positive second quarter for fellow FAANGs.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Alphabet Inc A2,816.00 USD-1.96Rating Inc3,462.52 USD-0.74Rating
Apple Inc146.06 USD-1.83Rating
Facebook Inc A364.72 USD-2.24Rating
Netflix Inc589.35 USD0.49Rating

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James Gard  is content editor for


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