User:MainlyTwelve/Earnings Article Sample

The 2018 financial performance of Facebook, Inc. was influenced by the ongoing controversy surrounding the website's role in the 2016 presidential election and the rollout of the General Data Protection Regulation in the European Union. Despite an earnings beat in the first quarter, the company revised guidance downward during its second quarter earnings call, leading to a selloff.

First quarter earnings
Facebook reported first quarter earnings after hours on April 25th, 2018. Earlier in the month, Zuckerberg had expressed that the controversy surrounding the company's role in the Facebook–Cambridge Analytica data scandal scandal had not had a "meaningful impact" on usage or revenue. The company reported EPS of $1.69 per share, versus the expected EPS of $1.35, causing shares to rise after-hours. During the earnings call, Zuckerberg disclosed that the company was developing new processes to prevent large-scale intervention by private or foreign entities in elections.

Second quarter earnings
The company reported Q2 2018 earnings after market close on July 25th, 2018. Earnings were higher than expected, at $1.74 EPS, versus the expected $1.72 EPS. However, the company missed revenue estimates, earning $13.23 billion, versus the consensus estimate of $13.36 billion. The company also added fewer than expected daily active users, with a 1.44% increase. The company also registered a smaller than expected increase in daily active users in the first quarter of the year. Costs increased in the wake of the Facebook–Cambridge Analytica data scandal, and ad revenue decreased due to the release of new privacy features for users, decreasing the accuracy of targeted ads. The company indicated increased privacy controls would continue to impact revenue for the foreseeable future.

The stall in daily user growth, specifically in the U.S. and Canada, contributed to a $145 billion decline in the company's market capitalization during after hours trading on the 25th. Zuckerberg personally saw a loss of $17.6 billion in net worth.

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XYZco first quarter 2018 earnings, reported (after market close/before market open) on January 25th, 2018, were +/- than expected, with $X.XX EPS, versus the expected $X.XX EPS.


 * Second quarter 2018 Facebook, Inc. earnings
 * Facebook, Inc. second quarter 2018 earnings
 * Facebook, Inc. second quarter 2018 earnings report
 * Facebook, Inc. second quarter 2018 finance report
 * Facebook, Inc. second quarter 2018 finance report