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Facebook announces its results for the first quarter of 2019 after the close of trading on Wednesday.
The Californian social media giant has known for two years scandals ranging from the misappropriation by Cambridge Analytica of user data to the role played by the platform in the spread of hate speech that fueled the genocide in Myanmar.
But that did not stop its steady growth and, from Wednesday, its share was around $ 183 a share, a level below the peak of $ 218 recorded in July 2018, but well above the bar of $ 123 where she languished since December.
A key area for investors is the continued growth of Instagram, even as the activity of the basic Facebook application slows down and the company adapts its advertising model to the (relatively) new format of Stories in its various applications.
Here are the key figures expected by Wall Street (consensus estimates via Bloomberg):
- Returned: USD 14.97 billion expected, up 25% year-on-year
- Earnings per share (GAAP): $ 1.62 expected
- Operating profit: $ 5.4 billion planned
Business Insider covers Facebook's live revenue. Refresh this page or click here for updates.
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