Facebook Earnings: Strong Revenue Growth, Tons of Cash, and More
It's safe to say that investors had some concerns about Facebook (NASDAQ: FB) going into its third-quarter earnings report Monday afternoon. The stock fell about 7% over the past month as investors worried about the social network's increased scrutiny from the government and negative press from some media outlets. Further, investors were likely particularly concerned about Facebook's top-line momentum in the second half of the year after Snap missed expectations last week and provided soft fourth-quarter guidance.
While some of the headwinds that Snap has been facing do seem to be impacting Facebook, the damage isn't as bad as anticipated -- particularly considering Facebook stock's conservative valuation. The growth stock is arguably already priced to reflect a challenging operating environment.
Here's a closer look at Facebook's impressive top- and bottom-line momentum in the face of some meaningful headwinds.
Source Fool.com
