Title: StockWatch: Facebook Drops by 20% on Earnings Miss!
Post by: PocketOption on Feb 03, 2022, 01:20 pm
Post by: PocketOption on Feb 03, 2022, 01:20 pm
StockWatch: Facebook Drops by 20% on Earnings Miss!
Source: StockWatch: Facebook Drops by 20% on Earnings Miss! (https://www.orbex.com/blog/en/2022/02/stockwatch-facebook-drops-by-20-on-earnings-miss)
Facebook's stock plummeted in after-hours trading yesterday as the company reported disappointing earnings.
Not only did they miss revenue estimates, but EPS numbers were also down.
Qualcomm on the other hand had a quarter to remember, as sales were up 30% YoY.
However, a sell-off in tech shares ensued after the bell, leaving the stock slightly down.
Timestamps:
- FB 01:50
- QCOM 03:05
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Source: StockWatch: Facebook Drops by 20% on Earnings Miss! (https://www.orbex.com/blog/en/2022/02/stockwatch-facebook-drops-by-20-on-earnings-miss)