Facebook earnings eyed as its stock outperforms markets – Stock Market News
Posted on April 23, 2019 at 3:33 pm GMTThe social media colossus will release its Q1 earnings on Wednesday, after Wall Street’s closing bell. Forecasts point to a decline in earnings, as greater spending on security is expected to weigh on margins. Regardless, investors are loading up on the company’s stock, which has soared by nearly 40% year-to-date, far outperforming the broader market. The ad-based social network company is expected to have made $1.63 in earnings per share (EPS) in the first quarter, which would represent a decline [..]