Long-awaited results from Facebook’s FB Q3 earnings report hit the tape after Wednesday’s close, beating analysts’ expectations on both revenues and profits. The social media giant brought in 88 cents per share (accounting for stock-based compensation expenses and other BNRI) on $7.01 billion in quarterly sales. These results topped the 76 cents per share and $6.92 billion in the Zacks consensus estimates.
All main metrics for Facebook were surpassed in the quarter, including mobile monthly active users (MMAU) hitting above 1 billion for the first time ever, at 1.09 billion. Daily active users (DAU) now amount to 1.18 billion worldwide. Somehow FB shares are trading down in the wake of this news; the stock is up more than 21% year to date. For more on FB’s earnings results, click here.
Chip-making major Qualcomm QCOM blasted a big fiscal Q4 earnings beat after the bell, reaching $1.28 per share on $6.18 billion in quarterly revenues. These numbers far and away outperformed the 98 cents per share and $5.82 billion, respectively. The upper-end of revenue guidance for fiscal Q1 2017 at $6.5 billion is higher than the $6.3 billion in the Zacks consensus.
This marks the fifth straight quarter of earnings beats for Qualcomm, with chip shipments (MSM) of $211 million and licensing of $1.9 billion surpassing analyst estimates. Shares of QCOM are only up about 1% in late trading following the news, but the stock is up roughly 40% over the past 6 months. For more on QCOM’s earnings, click here.
Also, Whole Foods Market WFM brought forth its fiscal Q4 results, topping earnings estimates by 4 cents to 28 cents per share on revenues of $3.5 billion, slightly below the $3.51 billion expected. This marks the third positive earnings surprise in the last four quarters for the upscale supermarket chain. Notably, the company announced the return of founder John Mackey.
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