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StockWatch: Facebook Drops by 20% on Earnings Miss!

Started by PocketOption, Feb 03, 2022, 01:20 pm

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PocketOption

StockWatch: Facebook Drops by 20% on Earnings Miss!

Facebook

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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