By now you already know, shares of $FB melting higher after hours on a huge earnings beat.
The social media behemoth posted earnings of 97 cents per share, adjusted, on revenues of $6.44 billion in revenue in the second fiscal quarter. Analysts had expected 82 cents per share on revenues of $6.02 billion, according to a Thomson Reuters consensus estimate.
Facebook’s main money stream, ad revenue, hit $6.24 billion, versus the $5.8 billion expected by analysts surveyed by StreetAccount. Mobile ad revenue took the lion’s share (84 percent) at $5.42 billion, versus the $4.84 billion expected.
That means mobile ad revenue is up 81 percent year-over-year, the company said.
Monthly active users hit 1.71 billion during the quarter, also topping the 1.69 billion estimate from StreetAccount. Daily active users hit 1.13 billion, above the 1.11 billion expected. Monthly users on mobile increased 20 percent year-over-year, and daily users on mobile increased 22 percent year-over-year, the company said.
But Facebook was able to monetize those users more than expected, posting $3.82 average revenue per user, up from $3.32 last quarter and above the $3.59 expected.
This company is a serious game changer, eh? No position, FML.
OA
long live Zuck!
Zuck for President!!
Last year I said $200 by the end of 2016 and I’m going to get it.
Dude has been consistently right on this..congrats.
Can’t cuck the zuck. I’m hoping the TWLO rally we saw today was just warmup and it can draft off of the FB rocket tomorrow.
This is why TWTR can’t get those ad dollars.
If I see King Zuck on the streets, I’m liable to kiss him. The last 3 quarters I’ve closed my eyes and taken a huge long position before earnings. It’s worked out so far. FB reminds me of AAPL in its prime; they’re so well-positioned that it’s almost not possible for them to miss a quarter. I’m tempted to try GOOGL tomorrow, but it’s much more risky. FB’s add dollars have to be coming from somewhere.
OA, what do you make of $MAR’s non movement in AH’s after their earnings release, today?
Perhaps all trading was banned in the stock? Perhaps there are no buyers or sellers left? What if the market makers stormed off the floor after numbers hit? Nobody there to fill orders?!?!
$SWFT didn’t move after it announced in AH either. Some stocks won’t trade AH. I’m sure you can scope it in the morning, right?
Haha, yes. Appreciate the sarcasm.
Yeah, not much to think about if a stock doesn’t trade AH. It will trade tomorrow.
Did you play CHRW? What are your thoughts on it?
I did. I’ve played $QCOM, $SWFT, $SBUX, $FCX, $AAPL, $CHRW, $MAR, and $CMG at the open post ER.
Put in an order for FB tonight at market.
It will execute Thursday around 9:30.05, ride the bump and sell.
Let us know if you have any thoughts on BIDU earnings tomorrow OA. Do you still have your calls?
Still love the BIDU chart. I have some blown out calls here, yes.
Zuck Fuckerberg.
Realized all my capital was tied up right before FB earnings and I couldn’t deploy any. Told myself after last earnings that I would buy some prior to this earnings.
So many ads. So many sponsored links. So much clickbait for all the lame as shit stay at home moms and friendless teens. Tons of traffic and content, the place is going to print money for some time to come.
Glad I at least sold part of my KMI calls at a 12-bagger….remainder are back to break even….also glad these still have time..
doubled on $TWTR calls at the close yesterday – closed today for scratch – lots of negativity out there – glad to be out
Bought more TSLA next week 275’s. Methinks 300+ post earnings.
Also grabbed a few FIT weekly 14’s YOLO
Liking WYNN and ALB here for swing trades
good to see you back
+1. Keep the posts rolling my friend. Always appreciated them.
Sold out of SINA for a 25% gain. Sold out of BIDU for break even.
Welcome to wake up and get your nuts punched off Thursday. Those F numbers halved my gains in AXL. Wtf 1/4 of the people I see driving to work everyday are in those new explorers. Must have all bought them in the prior quarter.
Still thinking I might roll the dice and hold onto my BIDU shares. I’ve got no edge just the chart is really pretty
TWLO is quite the wild ride.
Bot FB next week’s 130 calls
I like. BOT this too.
Another Thursday, another Pinkeye takeover rumor. le sigh.
This one stuck though.
lets go oil. anyday now. please
Where’s your stop?
Oil R.I.P.
Back up the truck and buy SBNY….they have been aggressively adding to their commercial lending staff — hiring many guys from GE Capital.
Best commercial lender in the Northeast….
Anticipating anarchy on the ARK…lower high in TLT is my key.
Buy TLT Sept 135 Puts under $1
Have standing 135 for TLT long with melt up as my key but see a bit of breakdown in lower high atm. You see this as just short term road bump?
$CUDA- cruised thru earnings, gap up to 30 doable withno oh resistance. Great trade or ltp hold in my most humble opinion.
Couldn’t watch ECA hit the gap without me so I went in on Sep Calls right before a big block went off. OA- what are you doing with $CELG? Hold through earnings?
I will probably sell so if you hold it will rip for you. 🙂
I’m looking for oil to start basing around 40, break that and I’ll second guess it.
From OptionsHawk:
Joe Kunkle ‏@OptionsHawk · 8m8 minutes ago
$XOP among top performing group today despite Oil down 1.85%, 25K Sep $35 calls bought in last two days
Picked up some SWN because being long oil isn’t painful enough.
Longer term you say oil lower, why the obsession then?
Those looking to play a bounce in a oil but looking follow Sarge’s advice of staying away from the commodity itself, $COP’s structure looks good, and the IV is cheap. They missed earnings this morning by quite a bit, and are off less than a dime, so there may be some resilience in the name at this price. Maybe worth a look for my fellow traders who have sworn off $UWTI.