Reuters
Facebook is announcing financial results for the fourth quarter of 2019 after markets close on Wednesday, and Wall Street is broadly expecting a strong quarter from the company.
The Silicon Valley-based social networking giant has been beset by scandals for years, but that has done little to impede its blockbuster profits and double-digit revenue growth.
Still, threats continue to loom on the horizon for the company, including the risk of antitrust action and ongoing scrutiny of its content moderation practices.
Here is what Wall Street is expecting from Facebook (consensus estimates via Bloomberg):
- Revenue: $20.89 billion predicted
- Earnings Per Share (EPS) GAAP: $2.53 predicted
- Daily Active Users: 2.49 billion predicted
- Monthly Active Users: 1.65 billion predicted
Before markets closed on Wednesday, Facebook's stock was hovering around $223 - above recent all-time closing high of $222.14 on January 17, 2020.
Business Insider will be covering Facebook's Q4 2019 results live. Refresh this page for updates.