Business
Post Earnings Coverage as Facebook's Subscriber Base Growth Boosted Q4 Results
Upcoming AWS Coverage on TripAdvisor Post-Earnings Results LONDON, UK / ACCESSWIRE / Fe...
About this update from Red Light Holland Corp
[{"type":"text","content":"Post Earnings Coverage as Facebook's Subscriber Base Growth Boosted Q4 ResultsUpcoming AWS Coverage on TripAdvisor Post-Earnings Results\nLONDON, UK / ACCESSWIRE / February 14, 2017 / Active Wall St. announces its post-earnings coverage on Facebook, Inc. (NASDAQ: FB). The Company released its financial results for the fourth quarter fiscal 2016 (Q4 FY16) and full year fiscal 2016 (FY16) on February 01, 2017. The Menlo Park, California-based Company's quarterly total revenues surged 51% y-o-y and its diluted EPS rallied 124% y-o-y in the reported quarter; beating analysts' estimates. Register with us now for your free membership at: http://www.activewallst.com/register/. \nOne of Facebook's competitors within the Internet Information Providers space, TripAdvisor, Inc. (NASDAQ: TRIP), reported its Q4 and full-year financial results on Thursday, February 16, 2017. AWS will be initiating a research report on TripAdvisor in the coming days. \nToday, AWS is promoting its earnings coverage on FB; touching on TRIP. Get our free coverage by signing up to http://www.activewallst.com/register/. \nEarnings Reviewed\nDuring Q4 FY16, Facebook reported total revenue of $8.81 billion, which came in above $5.84 billion recorded at the end of Q4 FY15. The Company's quarterly total revenue numbers outperformed Wall Street's expectations of $8.5 billion. Furthermore, advertising revenue surged 53% to $8.63 billion in Q4 FY16 from $5.64 billion recorded in Q4 FY15. However, payments and other fees declined 12% y-o-y to $180 million in Q4 FY16.\nThe social networking Company's GAAP net income came in at $3.57 billion, or $1.21 per diluted common share, in Q4 FY16 compared to $1.56 billion, or $0.54 per diluted common share, in the prior year's same quarter. In the reported quarter, non-GAAP net income stood at $4.15 billion, or $1.41 per diluted share, compared to $2.27 billion, or $0.79 per diluted share, in Q4 FY15. Market analysts had expected the Company to report EPS of $1.11 per diluted share for the reported quarter.\nFor full year FY16, the Company's total revenues came in at $27.64 billion which was 54% above the $17.93 billion reported in FY15. The Company's GAAP net income increased to $10.22 billion, or $3.49 per diluted common share, in FY16 from $3.69 billion, or $1.29 per diluted common share, in FY15. Furthermore, non-GAAP net income ...