Thursday June 4, 2020

Facebook shares fall after first earnings report

Facebook fell in late trading yesterday after its first earnings report as a public company showed a slower sales gain and narrower profit margins.

27th July, 2012
2
Many investors did not hit the "like" button on Facebook last night.

Facebook fell in late trading yesterday after its first earnings report as a public company showed a slower sales gain and narrower profit margins, failing to allay concerns over growth that have dragged down shares.

Operating margin, excluding certain costs, was 43 per cent in the second quarter, a decline from 53 percent a year earlier, amid a fourfold surge in sales and marketing expenses, California-based Facebook said in a statement yesterday.

Revenue rose 32 per cent,...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 5 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago