LIVE: Facebook's Q3 Earnings
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We're waiting for Facebook to disclose its Q3 2013 earnings.
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The full results will appear here.
Analysts are expecting:
Complimentary Tech Event
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- Earnings per share: 19 cents
- Revenues: $1.91 billion
Facebook stock has been trading around $49 all day, down from a recent high of $54.22 but up 50% since July. Some analysts have price targets of $65 for Facebook.
ComScore says mobile visits to Facebook grew in the quarter. Mobile users, and mobile revenue, are the key drivers of Facebook revenue over all.
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Other issues we'll be watching and listening for:
- Instagram: The company just launched ads on the photo sharing platform. Will it affect revenue guidance?
- Video ads: Facebook keeps delaying the launch of these auto-play spots that are reportedly coming with a hefty price tag in the millions.
- Mobile app install ads: Facebook has made a big deal of the success of these ad units which urge people to download stuff onto their phones. Will we get new numbers?
- Forrester: The research group put out a much-criticized report this week. We'll see if CEO Mark Zuckerberg or COO Sheryl Sandberg feel stung enough by it to make some anti-Forrester zingers.
Disclosure: The author owns Facebook stock.
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