Thursday July 27, 2017

// July 27th, 2017 // Daily News

Facebook stock jumps after company beats on earnings and says it will spend less

Facebook’s Q2 earnings beat expectations on all fronts, including EPS, revenue and users.
The company’s stock jumped to a record high after it lowered full-year expense guidance.

CNBC.com

Facebook reported a much-higher quarterly profit, driven by surging sales of mobile video ads, as its advertising revenue grew at more than twice the rate of larger rival Google.
The company also said on a conference call to discuss the results that 2017 expenses would rise less than previously forecast — it’s now saying that expenses will go up 40 to 45 percent, instead of 40 to 50 percent.

The stock jumped as much as 4 percent to a record high after Facebook announced that news.

Here are the key second-quarter metrics:

EPS: $1.32 vs. $1.13 expected, according to Thomson Reuters
Revenue: $9.32 billion vs. $9.2 billion expected, according to Thomson Reuters
Mobile ad revenue: $8 billion vs. $7.68 billion expected, according to StreetAccount
Monthly users (MAUs): 2.01 billion vs. 1.98 billion expected, according to StreetAccount
Capital expenditures: $1.44 billion vs. $1.73 billion expected, according to StreetAccount
Facebook has been adding more video and display ads to the mobile version of its app as more consumers access the internet via their smartphones. The company is expected to add short TV-like programming soon.
“We are making some early investments to create episodic content,” Facebook Chief Operating Officer Sheryl Sandberg told CNBC in an interview.
The company has also overhauled its Instagram service over the past year to beat back a challenge from smaller rival Snap.
More than 15 million businesses now have a presence on Instagram, in addition to the 70 million who have Pages on Facebook, Sandberg said.
“Our goal is to be a platform for content creators,” she said.
Mobile ad sales now provide most of Facebook’s revenue and hit $8 billion for the quarter, a jump of 53 percent and more than analysts expected.
“As content consumption changes, online marketers are saying, ‘I want to reach consumers wherever they are, whatever device they’re using,” said David Staas, president of NinthDecimal, which provides location data and other digital marketing tools to 250 ad agencies, brand advertisers and media companies.
Everyone knew Facebook was going to grow: Firsthand’s Kevin Landis

Today’s Inspiration

Common People with Uncommon Goals

by Joyce Meyer – posted July 27, 2017

Now to Him Who, by (in consequence of) the [action of His] power that is at work within us, is able to [carry out His purpose and] do superabundantly, far over and above all that we [dare] ask or think [infinitely beyond our highest prayers, desires, thoughts, hopes, or dreams].
—Ephesians 3:20

God uses common, ordinary, everyday people who have uncommon goals and visions. That is what I am—just a common, ordinary person with a goal and a vision. But just because I am common and ordinary does not mean that I am content to be average. I don’t like that word. I don’t want to be average. I don’t intend to be average. I don’t serve an average God, therefore, I don’t believe I have to be average—and neither do you.

Average is basically okay. It is not bad, but it is also not excellent. It is just good enough to get by, and I don’t think that is what God wants us to be. I believe that any common, ordinary, everyday person can be mightily used by God. I believe that we can do great and mighty things—things that will amaze even us—if we believe that God can use us and if we will be daring enough to have an uncommon goal and vision. And what I mean by uncommon is something that doesn’t make sense to the mind. We have to believe God for it.

In Ephesians 3:20 we are told that God is able to do exceedingly, abundantly, above and beyond all that we could dare to hope, ask, or think, according to His great power that is at work in us. God does it through us according to His power, but it is done through us, so we have to cooperate. That means we need to be daring in our faith and in our prayers. Some of us are not believing for enough. We need to stretch our faith into new realms. We need to be uncommon people with uncommon goals.

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