Facebook's Opener and Tesla's $1 Trillion Valuation.
Facebook Inc became the first of the anticipated earnings to be released on Monday this week.
Hey, Hisa fan,
Facebook Inc, one of the largest global tech companies that own the Facebook brand and released their third-quarter financials on Monday after Market Close amidst a hyped trading day on the Nasdaq.
Facebook was just but the first of anticipated earnings that are set to be released this week.
In Numbers:
Earnings per share was at $3.22 compared to the $3.19 per share that was by analysts, according to data from Refinitiv.
Facebook’s revenue for the third quarter was at $29.01 billion, lower than the $29.57 billion forecast by analysts in an earlier poll.
Daily active users (DAUs) on the App was fairly flat falling within the analyst’s range of 1.93 billion.
Monthly active users (MAUs) for Facebook was lower with an average 2.91 billion users from the 2.93 billion expected by analysts.
The average revenue per user (ARPU) for Facebook was at $10.00 for 3Q21 as compared to a $10.15 ARPU expected by analysts.
Capital expenditures, including principal payments on finance leases, were $4.54 billion for the third quarter of 2021.
Cash and cash equivalents and marketable securities were $58.08 billion as of September 30, 2021.
Facebook informed shareholders that the company had resorted to allocating an additional $50 billion to the company’s share-buyback program, news that supported the share on a rally after close trade hours.
Outlook: Facebook’s CFO expects fourth-quarter 2021 total revenue to be in a range of $31.5 billion to $34 billion. The company’s outlook reflects the significant uncertainty in light of continued headwinds from Apple's iOS security changes and macroeconomic and COVID-related factors.
Tesla to the Moon!
Tesla Inc, the world’s largest vehicle manufacturer by market cap is officially a 1 trillion dollar company! Well, we don’t know yet if we should call Tesla vehicle manufacturing company or a tech company that manufactures Vehicles.
The 1-trillion-dollar valuation by Tesla had hit briefly on Friday, dropped but was solidified on Monday after car rental company Hertz Global Holdings Inc. said it had placed an order for 100,000 Tesla vehicles.
Tesla’s shares traded up 13%, the most since March, giving the vehicle manufacturer a market value of $1.03 trillion.
Tesla now stands as the fifth most valuable company on the U.S Stock markets and sixth globally.
What are Cowries Rolling on today?
Microsoft Inc., [NASDAQ: MSFT] - How many gates are there in your portfolio? Microsoft is due to release its 3Q21 financials after markets close today. MSFT had earlier announced a massive share buyback program and an update on the same from the company would be pleasing to shareholders. Nevertheless, let’s wait and see if “Windows 11 delivers any better results to shareholders.”
Robinhood Markets Inc.,[NASDAQ: HOOD] - Robinhood will be releasing its financials after the market closes today and investors will be looking at the quarterly trading revenue performance on the company’s balance sheet.
But come on, you know this! Wall street bets, if RH does not deliver on earnings, it’s all on you, could be because you did not trade enough. Just kidding.
