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StockWatch: Facebook Drops by 20% on Earnings Miss!

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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

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