LIVE: Here come Facebook's Q1 earnings...
Facebook is releasing its quarterly earnings on after the closing bell on Wednesday - giving investors fresh clarity on the social media giant's financials in the wake of the Cambridge Analytica scandal.
Here are the numbers Wall Street is expecting (via Bloomberg's estimates):
- Revenues: $11.4 billion, up 37% year-on-year.
- EPS (GAAP): of $1.35.
- Operating profit: of $4.64 billion.
Facebook's stock has been battered over the Cambridge Analytica scandal, dropping almost 18% in late March from its $185 pre-crisis peak. It has since rebounded a little, and is now sitting at $160.80.
Investors will be paying attention to whether - and to what extent - the issue has affected the company's monthly and daily active users (MAUs and DAUs). But given the crisis only erupted in March, the tail end of the quarter, its full effects may not be felt for some time.
Business Insider will be covering the earnings results live as they cross the wire, so hit refresh or click here for the latest details.