Will Facebook Earnings Beat Expectations Again?
Facebook (NASDAQ: FB) is slated to report its third-quarter 2019 results after the market closes on Wednesday, Oct. 30.
The social networking behemoth is going into its report on a mixed note. Last quarter, it beat Wall Street's revenue and earnings expectations, but investors sent shares tumbling nearly 2% because of concerns about declining margins and increased regulatory scrutiny.
Nonetheless, Facebook stock has gained 40.5% in 2019 through Friday, Oct. 11, making it one of the top performers among the larger tech stocks. Given this strong performance, investors are likely to be unforgiving of any hiccups in the company's upcoming earnings report. The S&P 500 has returned 20.4% so far this year.
Source Fool.com
