As of 10:30am Facebook (FB) stock is being slaughtered by 14% based on the weaker than expected earnings release yesterday. Here is a quick rundown on the results.
- Revenue of $1.18 billion vs. $1.147 billion consensus.
- EPS of $0.12 vs. $0.12 consensus.
- Advertising revenues were $992 million versus a $921 million consensus
With such a traumatic decline in share price, this may be a buying opportunity. Please let us know how you weigh in on if Facebook is a BUY or SELL?