Facebook is sliding
After the market close yesterday, the company reported earnings and revenues that topped estimates, although daily active users came in a little lower than forecast.
For the numbers, earnings per share came in at $0.50, versus the consensus estimate for $0.47. Revenues grew 39% year-over-year to $4.04 billion, also better than expected. Daily active users increased 17% to 968 million, missing analysts' forecast for 970 million.
And as Business Insider's Sam Ro highlighted, nearly all the sell-side analysts maintained their bullish outlook on the social network's stock after the earnings results. Some of them raised their price targets.
Facebook's stock has performed well this year, up 19%, and they've gained 25% over the past 12 months.
Here's a look at the stock's slump today:
