Facebook, Inc. (NYSE: FB)
Facebook, Inc. (FB), a worldwide social networking company on Wednesday reported positive financial results for the fourth quarter and full year of 2015. Facebook reported fourth quarter earnings per share of $0.79 which beat analyst expectations of $0.68 per share. Facebook reported fourth quarter revenues of $5.84 billion which beat analyst expectations of $5.36 billion. Facebook reported fourth quarter profits of more than $1 billion for the first time ever in any quarter. Facebook’s impressive fourth quarter numbers can be contributed to the success of mobile advertising which accounted for 80% of their total ad revenue dollars. Only three years ago mobile ad revenues accounted for only 20% of total ad revenues.
Facebook, Inc. CEO’s Comments
“2015 was a great year for Facebook. Our community continued to grow and our business is thriving,” said Mark Zuckerberg, Facebook founder and CEO. “We continue to invest in better serving our community, building our business, and connecting the world.” PR Newswire
FB Technical Analysis
FB gapped up in price yesterday to $107.06, up from the prior day’s close of $94.45, which is a 13% increase in price. Taking a look at the daily chart we can see that the last time FB traded above this price level was on December 29th when it traded at $107.26. Taking a closer look at the daily chart we can see that FB has been on an overall upswing dating back to August 24th when it traded at its 52 week low price of $72. FB is now approaching its 52 week high price of $110.65 reached on November 5th. FB has a float of 2.17 billion shares and is trading 2 times the normal daily trading volume. FB hit pre market highs of $109.30, but gave back $2.24 at the open, or equivalent to 2%. For trading purposes, my entry point would have been $107.15 looking for a run to $110. My stop loss would have been $106.75, fearing anything below that and the stock would start to fill in the gap up.
Facebook, Inc. operates as a social networking company worldwide. It provides a set of development tools and application programming interfaces that enable developers to integrate with Facebook to create mobile and Web applications. The companys products include Facebook mobile app and Website that enable people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Messenger, a mobile-to-mobile messaging application available on Android, iOS, and Windows phone devices; Instagram, a mobile application that enable people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them directly to friends; and WhatsApp Messenger, a cross-platform mobile messaging application that allows people to exchange messages on iOS, Android, BlackBerry, Windows phone, and Nokia devices. As of December 31, 2014, it had 1.19 billion monthly active users and 890 million daily active users. Facebook, Inc. was founded in 2004 and is headquartered in Menlo Park, California. Yahoo Finance