+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

LIVE: Here comes Facebook's Q2 earnings

Jul 26, 2018, 01:00 IST

Mark Zuckerberg.Charles Platiau/Reuters

Advertisement

Facebook has been in the news for all the wrong reasons lately.

On Wednesday, the California company is making headlines for a different reason: It is announcing its Q2 2018 financial results after markets close.

Business Insider is covering the earnings live, so refresh this page or click here for the latest updates.

Here are the key numbers that Wall Street is expecting for the quarter, via Bloomberg:

Advertisement

  • Revenues of $13.3 billion.
  • GAAP Earnings Per Share (EPS) of $1.71
  • Operating profit of $5.5 billion

Facebook has had a bruising few months, from ongoing fallout from the spread of Russian propaganda to the aftermath of the Cambridge Analytica scandal, and fierce controversy over whether fake news and disinformation should be allowed on the site.

But this hasn't put off investors. Its stock reached all-time-highs of more than $216 on Wednesday ahead of its earnings announced. And analysts predicted a booming quarter for the company, based off the runaway success of Instagram and continued strength in its core advertising business.

The quarter would be, market-research firm GBH Insights said, a "pivotal barometer" to assess any long-term damage to Facebook's business from Cambridge Analytica and other data privacy worries.

NOW WATCH: A diehard Mac user switches to PC

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article