Investors are awaiting to see if Facebook's warnings about a slow down in revenue growth rates will impact the company's latest earnings.
Facebook is expected to report its third-quarter earnings after bell on Tuesday. Here's what analysts expect:
- Estimated earnings per share (EPS): $1.47, per Refinitv
- Estimated revenue: $13.78 billion, per Refinitiv
- Estimated daily active users (DAUs): 1.51 billion, according to FactSet and StreetAccount
- Estimated monthly active users (MAUs): 2.29 billion, according to FactSet and StreetAccount
- Estimated average revenue per user: $6.44, per Refinitv
Third-quarter EPS estimates are down 7.5 percent year-over-year. Last quarter, Facebook missed revenue and global daily active user estimates. The company advised it expected its revenue growth rates to decline as much as high single-digit percentages during the third and fourth quarter of this year because the company has invested more in its Stories product, which has lower ad rates, and other things like security and compliance with the EU's GDPR data privacy law.
The company was also hit with a security breach last quarter that left more than 30 million user accounts vulnerable to unauthorized control. The issue, which was first reported in late September, exposed names, contact details and other personal information including gender, relationship status and recent locations.
Facebook shares have been down more than 19 percent year to date.
This is a breaking news story. Please check back for updates.
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