Facebook Inc (NASDAQ:FB)’s first quarter earnings will be released on Wednesday afternoon, April 23rd, and the Street seems to have an upside expectations. For Q1,Wall Street has been modeling $2.36 billion in revenue, and 24 cents EPS (earnings per share). Goldman Sachs (GS)’s analyst Heather Bellini, has given a “Buy” rating on Facebook (FB) shares, and a $78 price objective. Yesterday Goldman Sachs (GS)’s analyst issued a note to clients projecting $2.34 billion in revenue and 23 cents EPS.
Facebook Inc (NASDAQ:FB) shares after opening at $59.46 moved to $61.24 on last trade day and at the end of the day closed at $61.24. Company price to sales ratio in past twelve months was calculated as 19.95 and price to cash ratio as 13.71. Facebook Inc (NASDAQ:FB) showed a positive weekly performance of 4.63%.
Halliburton Company (NYSE:HAL) reported first-quarter net income of $622 million, or 73 cents per share. Revenue rose 5% to $7.35 billion from $6.97 billion a year ago. Analysts polled by FactSet expected 72 cents per share on revenue of $7.26 billion. Halliburton (HAL)’s strength in the first quarter was overseas, especially in the eastern hemisphere, where revenue grew 11 percent and operating income climbed 16 percent from a year ago.
Some of the strongest activity occurred in Saudi Arabia, Thailand, Malaysia and Indonesia. Chief financial officer Mark McCollum said that showed the company was able to export its expertise in “unconventional” drilling such as fracking beyond North America.
Halliburton stock hit an all-time high of $63.88 earlier in the day. It began the day up 20% so far in 2014. Halliburton Company (NYSE:HAL) weekly performance is 9.22%. On last trading day company shares ended up $62.92. Halliburton Company (NYSE:HAL) distance from 50-day simple moving average (SMA50) is 11.06%. Analysts mean target price for the company is $67.25.
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