Earnings season is here. And that means the biggest players in the market are getting ready to release very important earnings reports. One of those big players is Facebook (FB). The social media giant is set to report first-quarter numbers after the bell on Wednesday, April 29.Ahead of one of Wall Street’s most anticipated quarterly statements, RBC’s Mark Mahaney has been crunching the numbers. The 5-star analyst argues that given the pullback in ad spend “street estimates for Q1 are likely optimistic.” Mahaney calls for revenue, operating Income, and GAAP EPS of $16.78 billion, $5.55 billion, and $1.62, respectively. The …read more
Source:: Yahoo Finance
