StockWatch: Facebook Drops by 20% on Earnings Miss!
Facebook’s stock plummeted in after-hours trading yesterday as the company reported disappointing earnings.
Not only did they miss revenue estimates, but EPS numbers were also down.
Qualcomm on the other hand had a quarter to remember, as sales were up 30% YoY.
However, a sell-off in tech shares ensued after the bell, leaving the stock slightly down.
Timestamps:
- FB 01:50
- QCOM 03:05