The largest social networking Facebook the night before published financial statements for the second quarter. Publication of the report and the presented data caused the effect of deja vu. In the first quarter of 2015 the company issued a similar combination of financial and operating performance. At the same time, in the first five trading sessions after the publication of the report the share price fell by 4.8%, and the total value of the drawdown was 7.8%.
So, for the second quarter revenue of $ 4.04 billion against the consensus forecast of Bloomberg $ 3,99 billion. Because revenue exceeded the forecast, the result can be considered positive. Nevertheless, the annual rate of revenue growth was the lowest since 2012. One reason for the growth is the inhibition of a stronger dollar. Moreover, CFO David Wehner said that the company expects to maintain the trend of slowing growth Facebook revenue in the third and fourth quarters of 2015.
Net income for the second quarter of the standard GAAP (taking into account currency fluctuations and the revaluation of assets) decreased in the second quarter by 9.1% against a decline of 20.3% in the first quarter to $ 0.72 billion. Thus the earnings per share were $ 0.26. As part of the non-GAAP net profit exceeded the consensus forecast of 6.6% to $ 1.43 billion in the earnings per share of $ 0.5. The result can be called ambiguous.
Indicators of the development of a social network are on top. The number of clients showing daily activities increased by 16.8% for the second quarter of 2014 (an increase of 16.7% in the 1st quarter) to 968 million users. The number of monthly active users rose to 1.49 billion users, with the growth rate slowed down to 12.4% against 12.9% a quarter earlier.
As a result, the financial report Facebook has confirmed the company’s strength, but have to maintain growth inhibition, which investors can use to lock in profits. And given the direct application of such braking the next six months and reducing the stock in premarket trading – the likelihood of a negative scenario is quite high.
On the daily chart is considered a reversal candlestick combination. Selling is planned down in the breakdown of short-term ascending channel formed on July 28.
|Facebook stock chart|