If you wish to go to ZacksTrade, click OK. Past performance is not indicative of future results. Facebook has generated $6.43 earnings per … In addition, please note that the date of this press release is July 30, 2020, and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. People use Facebook's apps and technologies to connect with friends and family, find communities and grow businesses. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank.

Stay up to date with lastest Earnings Announcements for NA from Zacks Investment Research Click Insights. We exclude the following items from our non-GAAP financial measures: Foreign exchange effect on revenue. The Earnings Whisper Score gives the statistical odds for the stock ahead of earnings.

Zuckerberg was originally slated to testify Monday, but the hearing was postponed in deference to events honoring Rep. John Lewis, who died last week.

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This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. The report will be for the fiscal Quarter ending Sep 2020. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors including: the impact of the COVID-19 pandemic on our business and financial results; our ability to retain or increase users and engagement levels; our reliance on advertising revenue; our dependency on data signals and mobile operating systems, networks, and standards that we do not control; risks associated with new products and changes to existing products as well as other new business initiatives; our emphasis on community growth and engagement and the user experience over short-term financial results; maintaining and enhancing our brand and reputation; our ongoing privacy, safety, security, and content review efforts; competition; risks associated with government actions that could restrict access to our products or impair our ability to sell advertising in certain countries; litigation and government inquiries; privacy and regulatory concerns; risks associated with acquisitions; security breaches; and our ability to manage growth and geographically-dispersed operations. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors including: the impact of the COVID-19 pandemic on our business and financial results; our ability to retain or increase users and engagement levels; our reliance on advertising revenue; our dependency on data signals and mobile operating systems, networks, and standards that we do not control; risks associated with new products and changes to existing products as well as other new business initiatives; our emphasis on community growth and engagement and the user experience over short-term financial results; maintaining and enhancing our brand and reputation; our ongoing privacy, safety, security, and content review efforts; competition; risks associated with government actions that could restrict access to our products or impair our ability to sell advertising in certain countries; litigation and government inquiries; privacy and regulatory concerns; risks associated with acquisitions; security breaches; and our ability to manage growth and geographically-dispersed operations. Transcripts of conference calls with publishing equity research analysts held today will also be posted to the investor.fb.com website. - In the first three weeks of July, our year-over-year ad revenue growth rate was approximately in-line with our second quarter 2020 year-over-year ad revenue growth rate of 10%. Lastly, headwinds related to ad targeting and measurement, including the impact of regulation, such as the California Consumer Privacy Act, as well as headwinds from expected changes to mobile operating platforms, which we anticipate will be increasingly significant as the year progresses. Facebook, Inc. (Nasdaq: FB) today reported financial results for the quarter ended March 31, 2020. FACEBOOK, INC.CONDENSED CONSOLIDATED STATEMENTS OF INCOME(In millions, except for per share amounts)(Unaudited)Three Months Ended June 30,Six Months Ended June 30,20202019 (1)20202019 (1)Revenue$18,687$16,886$36,423$31,963Costs and expenses:Cost of revenue3,8293,3077,2886,123Research and development4,4623,3158,4776,175Marketing and sales2,8402,4145,6274,434General and administrative1,5933,2243,1757,288Total costs and expenses12,72412,26024,56724,020Income from operations5,9634,62611,8567,943Interest and other income, net168206136371Income before provision for income taxes6,1314,83211,9928,314Provision for income taxes9532,2161,9113,269Net income$5,178$2,616$10,081$5,045Earnings per share attributable to Class A and Class B common stockholders:Basic$1.82$0.92$3.54$1.77Diluted$1.80$0.91$3.51$1.76Weighted-average shares used to compute earnings per  share attributable to Class A and Class B commonstockholders:Basic2,8502,8552,8512,855Diluted2,8792,8752,8762,873Share-based compensation expense included in costs and expenses:Cost of revenue$117$109$211$196Research and development1,2619272,2601,650Marketing and sales187160336273General and administrative130107223194Total share-based compensation expense$1,695$1,303$3,030$2,313, CONDENSED CONSOLIDATED STATEMENTS OF INCOME, (In millions, except for per share amounts), Earnings per share attributable to Class A and Class B, Weighted-average shares used to compute earnings per, share attributable to Class A and Class B common, Share-based compensation expense included in costs. Mark Zuckerberg's testimony to a House subcommittee was pushed back to Wednesday, necessitating the earnings report change. Purchases of property and equipment, net; Principal payments on finance leases. The coronavirus initially stifled advertising, but companies grew more eager, as consumers stuck at home spent more time on social media. ", In millions, except percentages and per share amounts. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. Following the call, a replay will be available at the same website. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. The presentation of these financial measures is not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with GAAP. These and other potential risks and uncertainties that could cause actual results to differ from the results predicted are more fully detailed under the caption "Risk Factors" in our Quarterly Report on Form 10-Q filed with the SEC on April 30, 2020, which is available on our Investor Relations website at investor.fb.com and on the SEC website at www.sec.gov. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Revenue grew 10.7% on a year-over-year basis. Free cash flow is not intended to represent our residual cash flow available for discretionary expenditures. Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F. As an investor, you want to buy stocks with the highest probability of success. We translated revenue for the three and six months ended.

- We expect total expenses in 2020 to be in the range of, - We expect full-year 2020 capital expenditures to be approximately. It is on Wed 4 Nov (In 22 Days). The consensus earnings estimate was $1.44 per share on revenue of $16.9 billion. See rankings and related performance below. The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. Facebook will host a conference call to discuss the results at 3 p.m. PT / 6 p.m.

Accounts receivable, net of allowances of $365 and $206 as of June 30, 2020 and, Prepaid expenses and other current assets, Accrued expenses and other current liabilities, Common stock and additional paid-in capital, Total liabilities and stockholders' equity, CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS, Adjustments to reconcile net income to net cash provided by, Net cash provided by operating activities, Acquisitions of businesses, net of cash acquired, and purchases of, Taxes paid related to net share settlement of equity awards, Net change in overdraft in cash pooling entities, Effect of exchange rate changes on cash, cash equivalents, and, Net increase (decrease) in cash, cash equivalents, and restricted cash, Cash, cash equivalents, and restricted cash at beginning of the period, Cash, cash equivalents, and restricted cash at end of the period, Reconciliation of cash, cash equivalents, and restricted cash to, the condensed consolidated balance sheets, Restricted cash, included in prepaid expenses and other current assets, Restricted cash, included in other assets, Total cash, cash equivalents, and restricted cash, Acquisition of businesses and other investments in, Property and equipment in accounts payable and, Reconciliation of GAAP to Non-GAAP Results, Foreign exchange effect on 2020 revenue using 2019, Revenue excluding foreign exchange effect, Revenue excluding foreign exchange effect year-over-, Foreign exchange effect on 2020 advertising revenue, Advertising revenue excluding foreign exchange effect, GAAP advertising revenue year-over-year change %.

That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. Facebook, Inc. has confirmed Earnings date and time.

Our business has been impacted by the COVID-19 pandemic and, like all companies, we are facing a period of unprecedented uncertainty in our business outlook.

(1) Includes an additional $2.0 billion legal expense related to our settlement with the U.S. Federal Trade Commission (FTC) and a $1.1 billion income tax expense due to the Altera Ninth Circuit Opinion, both accrued in the second quarter of 2019.



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