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Apple and fb beat market expectations..


psycopk

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Apple said its revenue for the fiscal fourth quarter was $64.04 billion, compared with analyst expectations of $62.99 billion, according to Refinitiv data. Earnings per share were $3.03 versus expectations of $2.84.

For the fiscal first quarter of 2020, Apple said it expects gross margins of between 37.5% and 38.5%, compared with analyst expectations of 37.55%. The company forecasted first-quarter operating expenses of $9.6 billion to $9.8 billion, compared with expectations of $9.4 billion, and an effective tax rate of 16.5%, compared to expectations of 16.49%.

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Facebook Inc.’s third-quarter sales rose a better-than-projected 29%, weathering a period full of regulatory challenges and criticism by boosting advertising revenue and adding 35 million new users to its main social network.

 

Sales reached $17.7 billion, topping the $17.4 billion average analyst estimate compiled by Bloomberg. Net income rose 19% to $6.09 billion, or $2.12 a share, Facebook said Wednesday in a statement. That beat predictions for $1.91 in per-share profit. Monthly average users at the Facebook app reached 2.45 billion, matching estimates. Shares jumped about 2% in late trading following the news.

Facebook is under antitrust investigation by the U.S. Federal Trade Commission, the Department of Justice and a broad group of U.S. state attorneys general. The probes haven’t scared off advertisers, though, and sales jumped to the company’s highest ever for any single quarter. Facebook’s growth is likely being fueled in part by ads inside its Instagram photo-sharing app. Research firm EMarketer estimates Instagram will generate more than $15 billion in ad revenue this year, up from $9.1 billion in 2018, though Facebook doesn’t break out results from that business.

SunTrust analyst Youssef Squali projected that Instagram ad spending grew 42% over the same quarter last year, according to a note published before the earnings report. Ads inside Instagram stories also now account for 20% of all Instagram revenue, he added.

Facebook shares rose as high as $196.37 in extended trading. Earlier, they had slipped less than 1% to $188.25 in regular New York trading. The stock has gained 44% this year.

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Just now, psycopk said:

pakka langa threads lo aduko po...

Question e kadha uncle adigindhi. BP deniki vastundhi? 

Party odipoinantha mathrana TDp or heritage updates cheppava?

Idena nee loyalty towards cheebeeN?

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Just now, JANASENA said:

man after this rate cut I am assuming gold to skyrocket for at-least this week to few days next week. It will a roller coaster ride ^^

Malli JNUG and JDST lo invested aa baa? 

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Just now, JANASENA said:

man after this rate cut I am assuming gold to skyrocket for at-least this week to few days next week. It will a roller coaster ride ^^

naku alane anipistundi.. but on the flip side.. chekka modi gadu gold declare cheyali ani edo rule testuandu anta(ivala news lo vachindi).. india lo. if that comes into play... we cant expect people to buy much gold... india is largest consumer..

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Just now, Idassamed said:

Malli JNUG and JDST lo invested aa baa? 

No baa unnadantho ne nadipisthunna. have to recover $16K till now recovered $249 LoL.1q

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